Template:M gen 2002 ISDA 5(a)(i)
There is an inverse relationship between the amount of time you will spend negotiating a point in an ISDA Master Agreement and the practical difference it will make once your ISDA Master Agreement has been inked and stuffed in a filing cabinet in a cleaning cupboard behind the lavatories electronically stored, data-enriched, in a comprehensive online legal data repositary.
JC’s has updated the step-by-step guide to closing out an ISDA and it is now premium content. You can access it here.