Comply With Laws - ISDA Provision: Difference between revisions

Comply With Laws - ISDA Provision (view source)

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	{{~~isdaanat~~\|4(c)}}		{{manual\|MI\|2002\|4(c)\|Section\|4(c)\|short}}
	Hardly controversial that one must obey the law, but note this apparently inoffensive covenant converts that general public obligation into a private civil one, with definitive commercial consequences to your counterparty, hence the couching of the language in terms of materiality (~~twice~~) ~~and specific ability to perform obligations under the {{isdama~~}}.