Template:Nutshell 1992 ISDA 1

1. Interpretation

1(a) Definitions. Most of the definitions are in Section 14 but some are in the Schedule.
1(b) Inconsistency. Where they conflict, each Confirmation overrides the Schedule, and the Schedule overides the Master Agreement.
1(c) Single Agreement. When they enter each Transaction the parties are relying on the Master Agreement and all outstanding Confirmations being a single agreement. They would not otherwise enter into any Transaction.