Assessment and Understanding - ISDA Provision

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2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual

Resources and navigation

Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project
Navigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Events of Default: 5(a)(i) Failure to Pay or Deliver5(a)(ii) Breach of Agreement5(a)(iii) Credit Support Default5(a)(iv) Misrepresentation5(a)(v) Default Under Specified Transaction5(a)(vi) Cross Default5(a)(vii) Bankruptcy5(a)(viii) Merger without Assumption
Termination Events: 5(b)(i) Illegality5(b)(ii) Force Majeure Event5(b)(iii) Tax Event5(b)(iv) Tax Event Upon Merger5(b)(v) Credit Event Upon Merger5(b)(vi) Additional Termination Event

Index — Click ᐅ to expand:

Section Assessment and Understanding in a Nutshell
Use at your own risk, campers!

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Full text of Section Assessment and Understanding

Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction.
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Related agreements and comparisons

Related Agreements
Click here for the text of Section Assessment and Understanding in the 1992 ISDA
Comparisons
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Content and comparisons

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Summary

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General discussion

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See also

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References

A preprinted Additional Representation that forms part of the Relationship Between Parties trifecta. It will go unremarked upon by all but the most bored (or ill-advised) negotiator.