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{{fullanat2|isda|5(a)(ii)|2002|5(a)(ii)|1992}} | {{fullanat2|isda|5(a)(ii)|2002|5(a)(ii)|1992}} | ||
{{nuts|ISDA|Breach of Agreement}} | {{nuts|ISDA|Breach of Agreement}} | ||
A failure to perform any agreement, if not cured withint 30 days, is an Event of Default, except for (I) those failures who have their own special {{isdaprov|Event of Default}} (ie {{isdaprov|Failure to Pay or Deliver}}, under Section {{isdaprov|5(a)(i)}}) or those that relate to tax, and which mean the party not complying will just get clipped for tax it rather would not. | |||
A failure to {{isdaprov|Furnish Specified Information}} — ie those documents for delivery specified in {{isdaprov|Part 3}} of the {{isdama}} , adverted to in Section {{isdaprov|4(a)(ii)}} ''will'' therefore be an {{isdaprov|Event of Default}}, although you have to navigate a needlessly tortured string of clause cross references and [[double negative|double negatives]] to settle upon this conclusion. | |||
===Differences==== | |||
Note the addition of repudiation to the {{2002ma}}. | Note the addition of repudiation to the {{2002ma}}. | ||
{{seealso}} | {{seealso}} | ||
*{{isdaprov|Furnish Specified Information}} and sub-limbs {{isdaprov|4(a)(i)}} and {{isdaprov|4(a)(iii)}} of that definition. But ''not'' {{isdaprov|4(a)(ii)}}. | *{{isdaprov|Furnish Specified Information}} and sub-limbs {{isdaprov|4(a)(i)}} and {{isdaprov|4(a)(iii)}} of that definition. But ''not'' {{isdaprov|4(a)(ii)}}. | ||
*Section {{isdaprov|3(d)}} representations. | *Section {{isdaprov|3(d)}} representations. |