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Automatic Early Termination - ISDA Provision: Difference between revisions
Automatic Early Termination - ISDA Provision (view source)
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{{isdaprov|AET}} is thus only triggered by ''certain'' events under the {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]] — formal bankruptcy procedures — and not by economic events that tend to indicate insolvency (such as an inability to pay debts as they fall due, [[technical insolvency]] or the exercise of security. Nor does it apply to other Events of Default. | {{isdaprov|AET}} is thus only triggered by ''certain'' events under the {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]] — formal bankruptcy procedures — and not by economic events that tend to indicate insolvency (such as an inability to pay debts as they fall due, [[technical insolvency]] or the exercise of security. Nor does it apply to other Events of Default. | ||
===Switzlerland=== | |||
Switzerland is — isn’t it always? — different, and a good place to go right now would be the [[Swiss bankruptcy language]] page. | |||
{{automaticearlytermination}} | {{automaticearlytermination}} | ||
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{{sa}} | {{sa}} | ||
*{{isdaprov|Right to Terminate Following Event of Default}} | *{{isdaprov|Right to Terminate Following Event of Default}} | ||
*[[Swiss | *[[Swiss bankruptcy language]] | ||