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Section {{{{{1}}}|1}} is a gentle introduction indeed to the dappled world of the ISDA Master Agreement: much coming from the “goes without saying, but let’s say it anyway” dept of legal wordwrightery — a large department indeed, in the annals of modern legal practice. It starts getting a bit tasty in Section {{{{{1}}}|1(c)}} with the {{{{{1}}}|Single Agreement}}, but it’s not until the Section {{{{{1}}}|2(a)(iii)}} flawed asset provision that you’re properly in the ISDA ninja twilight zone.

In a nutshell: DO NOT ADJUST THIS PROVISION. It does no-one any harm. How could it?