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.

Related Concepts

• Defaulting Party
• Non-defaulting Party
• Non-affected Party