Non-defaulting Party - ISDA Provision
Comparisons
Template:Isda Non-defaulting Party comp
Basics
To be compared with - well, Defaulting Party. Of all things. And Non-affected Party, as well. The difference between a Non-defaulting Party and a Non-affected Party, and the linguistic torture that distinction as inflicted on the race of ISDA lawyers ever since, says everything you need to know about the absurdity of modern commercial law.
- Do say: “the Non-defaulting Party or the non-Affected Party, as the case may be” over and over again.
- Don’t say: “Is there really no other way you could get across this concept, for crying out loud?”
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See also
Template:Isda Non-defaulting Party sa
References
2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™
Non-defaulting Party in all its glory Related agreements and comparisons
Resources and Navigation
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Overview
Template:M comp disc 2002 ISDA Non-defaulting Party
Summary
To be compared with - well, Defaulting Party. Of all things. And Non-affected Party, as well. The difference between a Non-defaulting Party and a Non-affected Party, and the linguistic torture that distinction as inflicted on the race of ISDA lawyers ever since, says everything you need to know about the absurdity of modern commercial law.
- Do say: “the Non-defaulting Party or the non-Affected Party, as the case may be” over and over again.
- Don’t say: “Is there really no other way you could get across this concept, for crying out loud?”
Premium content
Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics 👇
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- The JC’s famous Nutshell™ summary of this clause