Affected Party - ISDA Provision: Difference between revisions

Revision as of 11:27, 4 December 2012

1992 ISDA “Affected Party” has the meaning specified in Section 5(b) (Termination Events). (view template)	2002 ISDA “Affected Party” has the meaning specified in Section 5(b) (Termination Events). (view template)

Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or an Event of Default, so there is much "Defaulting Party or Affected Party, as the case may be" sort of malarkey.

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 ==Commentary==
-Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or a Default Event, so there is much "Defaulting Party of Affected Party, as the case may be" sort of malarkey.
+Note that [[ISDA]] in its wisdom chose not to have a generic term for the sort of person who is subject to either a {{isdaprov|Termination Event}} {{isdaprov|or}} an {{isdaprov|Event of Default}}, so there is much "{{isdaprov|Defaulting Party}} or {{isdaprov|Affected Party}}, as the case may be" sort of malarkey.
 ==Related Concepts==