Consent - ISDA Provision

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2002 ISDA Master Agreement

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consent in a Nutshell

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consent in all its glory

consentincludes a consent, approval, action, authorisation, exemption, notice, filing, registration or exchange control consent.

Related agreements and comparisons

Click here for the text of Section consent in the 1992 ISDA
Template:Isdadiff consent

Resources and Navigation

This provision in the 1992

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 to expand:

Overview

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You might wonder whether this term really needed definition, and what calamity might have befallen the derivatives world had it not been created. Go on; go on, oh ye mighty ninjas: write in and tell me. I’m all ears.

Summary

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If you are the sort of person you wonders whether the word “consent” includes permission, approval, regulatory authorisation or other general expression of acquiesence, and especially if you conclude it might not, this is the clause for you.

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See also

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References