Template:ISDA Master Agreement 2002 Non-Reliance: Difference between revisions
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'''{{isdaprov|Non-Reliance}}'''. It is acting for its own account, and it has made its own independent decisions to enter into that {{isdaprov|Transaction}} and as to whether that {{isdaprov|Transaction}} is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has [[deemed]] necessary. It is not relying on any communication ([[written or oral]]) of the other party as investment advice or as a recommendation to enter into that {{isdaprov|Transaction}}, it being understood that information and explanations related to the [[terms and conditions]] of a {{isdaprov|Transaction}} will not be considered [[investment advice]] or a [[recommendation]] to enter into that {{isdaprov|Transaction}}. No communication ([[written or oral]]) received from the other party will be [[deemed]] to be an assurance or [[guarantee]] as to the expected results of that {{isdaprov|Transaction}}. <br> | :(1) '''{{isdaprov|Non-Reliance}}'''. It is acting for its own account, and it has made its own independent decisions to enter into that {{isdaprov|Transaction}} and as to whether that {{isdaprov|Transaction}} is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has [[deemed]] necessary. It is not relying on any communication ([[written or oral]]) of the other party as investment advice or as a recommendation to enter into that {{isdaprov|Transaction}}, it being understood that information and explanations related to the [[terms and conditions]] of a {{isdaprov|Transaction}} will not be considered [[investment advice]] or a [[recommendation]] to enter into that {{isdaprov|Transaction}}. No communication ([[written or oral]]) received from the other party will be [[deemed]] to be an assurance or [[guarantee]] as to the expected results of that {{isdaprov|Transaction}}. <br> | ||
Latest revision as of 09:36, 9 February 2023
- (1) Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction, it being understood that information and explanations related to the terms and conditions of a Transaction will not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party will be deemed to be an assurance or guarantee as to the expected results of that Transaction.