Headings - ISDA Provision: Difference between revisions
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{{ | {{manual|MI|2002|9(g)|Section|9(g)|medium}} | ||
So suddenly, in Section {{isdaprov|9(g)}} of all places<ref>What am I to make of the headings before Section {{isdaprov|9}} that, being a logical fellow, I have already read?</ref>, the drafters of the {{isdama}} wake up out of their fever dream, and this is what they say: It's like, “okay, so we wrote them; we did put them here — hands up, we admit it — ''but we don’t mean anything by them''”. | So suddenly, in Section {{isdaprov|9(g)}} of all places<ref>What am I to make of the headings before Section {{isdaprov|9}} that, being a logical fellow, I have already read?</ref>, the drafters of the {{isdama}} wake up out of their fever dream, and this is what they say: It's like, “okay, so we wrote them; we did put them here — hands up, we admit it — ''but we don’t mean anything by them''”. | ||
Revision as of 13:49, 16 March 2020
Content and comparisons
This clause is identical in the 1992 ISDA and the 2002 ISDA.
Summary
So suddenly, in Section 9(g) of all places, the members of ISDA’s crack drafting squad™ wake up out of their collective fever dream, and this is what they say: It’s like, “okay, so we wrote them; we did put them here — hands up, we admit it — but we don’t mean anything by them”. And what is a fellow to make of the headings before Section 9 that, short days ago, being a logical fellow, I read, enjoyed and imbued with symbolic meaning? Am I supposed to just throw that crystalline construct away now? It just seems such a waste.
Don’t you just love lawyers?
General discussion
See also
- Headings generally; that great bane of contractual construction (apparently)
- Interpretation and construction
- Boilerplate Anatomy
References
So suddenly, in Section 9(g) of all places[1], the drafters of the ISDA Master Agreement wake up out of their fever dream, and this is what they say: It's like, “okay, so we wrote them; we did put them here — hands up, we admit it — but we don’t mean anything by them”.
Don’t you just love lawyers?
9 Miscellaneous
9(a) Entire Agreement
9(b) Amendments
9(c) Survival of Obligations
9(d) Remedies Cumulative
9(e) Counterparts and Confirmations
9(f) No Waiver of Rights
9(g) Headings
9(h) Interest and Compensation (2002 ISDA only)