Absence of Litigation - ISDA Provision: Difference between revisions

Absence of Litigation - ISDA Provision (view source)

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-=={{1992ma}}==
+{{nman|isda|2002|3(c)}}
-{{isdaquote|{{isdaprov|3(c)}} '''{{isdaprov|Absence of Litigation}}'''. There is not pending or, to its knowledge, threatened against it or any of its
- {{isdaprov|Affiliate}}s any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body,
- agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it
- of this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which it is a party or its ability to perform its obligations
- under this {{isdaprov|Agreement}} or such {{isdaprov|Credit Support Document}}.|3(c)|2002}}
-==Commentary==
-Reference to {{isdaprov|Affiliate}}s can be controversial, particularly for Hedge Fund Managers.
-{{isdaanatomy}}