Template:M comp disc 2002 ISDA 5
These are the events which entitle you to close out some or all of your Transactions; to find out what hideous rigmarole you must go through when you have decided to do that, proceed directly so Section 6.
5 Events of Default and Termination Events
5(a) Events of Default
- 5(a)(i) Failure to Pay or Deliver
- 5(a)(ii) Breach of Agreement
- 5(a)(iii) Credit Support Default
- 5(a)(iv) Misrepresentation
- 5(a)(v) Default Under Specified Transaction
- 5(a)(vi) Cross Default
- 5(a)(vii) Bankruptcy
- 5(a)(viii) Merger without Assumption
5(b) Termination Events
- 5(b)(i) Illegality
- 5(b)(ii) Force Majeure Event
- 5(b)(iii) Tax Event
- 5(b)(iv) Tax Event Upon Merger
- 5(b)(v) Credit Event Upon Merger
- 5(b)(vi) Additional Termination Event