Template:ISDA Master Agreement 2002 Affected Transactions: Difference between revisions
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“'''{{isdaprov|Affected Transactions}}'''” means (a) with respect to any {{isdaprov|Termination Event}} consisting of an {{isdaprov|Illegality}}, {{isdaprov|Force Majeure Event}}, | “'''{{isdaprov|Affected Transactions}}'''” means (a) with respect to any {{isdaprov|Termination Event}} consisting of an {{isdaprov|Illegality}}, {{isdaprov|Force Majeure Event}}, {{isdaprov|Tax Event}} or {{isdaprov|Tax Event Upon Merger}}, all {{isdaprov|Transaction}}s affected by the occurrence of such {{isdaprov|Termination Event}} (which, in the case of an {{isdaprov|Illegality}} under Section {{isdaprov|5(b)(i)(2)}} or a {{isdaprov|Force Majeure Event}} under Section {{isdaprov|5(b)(ii)(2)}}, means all {{isdaprov|Transactions}} unless the relevant {{isdaprov|Credit Support Document}} references only certain {{isdaprov|Transactions}}, in which case those {{isdaprov|Transactions}} and, if the relevant {{isdaprov|Credit Support Document}} constitutes a {{isdaprov|Confirmation}} for a {{isdaprov|Transaction}}, that {{isdaprov|Transaction}}) and (b) with respect to any other {{isdaprov|Termination Event}}, all {{isdaprov|Transactions}}. <br> | ||
Latest revision as of 15:53, 2 October 2017
“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Force Majeure Event, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event (which, in the case of an Illegality under Section 5(b)(i)(2) or a Force Majeure Event under Section 5(b)(ii)(2), means all Transactions unless the relevant Credit Support Document references only certain Transactions, in which case those Transactions and, if the relevant Credit Support Document constitutes a Confirmation for a Transaction, that Transaction) and (b) with respect to any other Termination Event, all Transactions.