Template:ISDA Master Agreement 1987 5(c)

From The Jolly Contrarian
Revision as of 15:09, 15 August 2024 by Amwelladmin (talk | contribs) (Created page with "{{isda87prov|5(c)}} '''{{isda87prov|Event of Default and Illegality}}'''. If an event or circumstance which would otherwise constitute or give rise to an {{isda87prov|Event of Default}} also constitutes an {{isda87prov|Illegality}}, it will be treated as an {{isda87prov|Illegality}} and will not constitute an {{isda87prov|Event of Default}}.<br>")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

5(c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.