Affected Party - ISDA Provision

In gory detail

1992 ISDA “Affected Party” has the meaning specified in Section 5(b) (Termination Events). (view template)	2002 ISDA “Affected Party” has the meaning specified in Section 5(b) (Termination Events). (view template)

Commentary

Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or an Event of Default, so there is much "Defaulting Party or Affected Party, as the case may be" sort of malarkey.

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The Varieties of ISDA Experience
Subject	2002 (wikitext)	1992 (wikitext)	1987 (wikitext)
Preamble	Pre	Pre	Pre
Interpretation	1	1	1
Obligns/Payment	2	2	2
Representations	3	3	3
Agreements	4	4	4
EODs & Term Events	5 Events of Default FTPD • Breach • CSD • Misrep • DUST • Cross Default • Bankruptcy • MWA Termination Events Illegality • Tax Event • TEUM • CEUM • ATE •	5 Events of Default FTPD • Breach • CSD • Misrep • DUST • Cross Default • Bankruptcy • MWA Termination Events Illegality • Tax Event • TEUM • CEUM • ATE •	5 Events of Default FTPD • Breach • CSD • Misrep • DUST • Cross Default • Bankruptcy • MWA Termination Events Illegality • FM • Tax Event • TEUM • CEUM • ATE •
Early Termination	6 Early Termination ET right on EOD • ET right on TE • Effect of Designation • Calculations	6 Early Termination ET right on EOD • ET right on TE • Effect of Designation • Calculations • Set-off	6 Early Termination ET right on EOD • ET right on TE • Effect of Designation • Calculations • Set-off
Transfer	7	7	7
Contractual Currency	8	8	8
Miscellaneous	9	9	9
Offices; Multibranch Parties	10	10	10
Expenses	11	11	11
Notices	12	12	12
Governing Law	13	13	13
Definitions	14	14	14
Schedule	Schedule	Schedule	Schedule
Termination Provisions	Part 1	Part 1	Part 1
Tax Representations	Part 2	Part 2	Part 2
Documents for Delivery	Part 3	Part 3	Part 3
Miscellaneous	Part 4	Part 4	Part 4
Other Provisions	Part 5	Part 5	Part 5

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