Events of Default and Termination Events - ISDA Provision: Difference between revisions
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===Subsections=== | ===Subsections=== | ||
'''{{isdaprov|5(a)}} {{isdaprov|Events of Default}} | ''Note that the numbering of Section 5b and beyond differs between the {{1992ma}} and the {{2002ma}}.'' | ||
====={{isdaprov|5(a)}} {{isdaprov|Events of Default}}===== | |||
{{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}}<br> | {{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}}<br> | ||
{{isdaprov|5(a)(ii)}} {{isdaprov|Breach of Agreement}}<br> | {{isdaprov|5(a)(ii)}} {{isdaprov|Breach of Agreement}}<br> | ||
| Line 9: | Line 10: | ||
{{isdaprov|5(a)(vii)}} {{isdaprov|Bankruptcy}}<br> | {{isdaprov|5(a)(vii)}} {{isdaprov|Bankruptcy}}<br> | ||
{{isdaprov|5(a)(viii)}} {{isdaprov|Merger without Assumption}}<br> | {{isdaprov|5(a)(viii)}} {{isdaprov|Merger without Assumption}}<br> | ||
---- | |||
'''{{isdaprov|5(b)}} {{isdaprov|Termination Events}} | ''{{1992ma}}'' | ||
====={{isdaprov|5(b)}} {{isdaprov|Termination Events}}===== | |||
{{isdaprov|5(b)(i)}} {{isdaprov|Illegality}}<br> | {{isdaprov|5(b)(i)}} {{isdaprov|Illegality}}<br> | ||
{{isdaprov|5(b)(ii)}} {{isdaprov|Tax Event}}<br> | {{isdaprov|5(b)(ii)}} {{isdaprov|Tax Event}}<br> | ||
| Line 16: | Line 18: | ||
{{isdaprov|5(b)(iv)}} {{isdaprov|Credit Event Upon Merger}}<br> | {{isdaprov|5(b)(iv)}} {{isdaprov|Credit Event Upon Merger}}<br> | ||
{{isdaprov|5(b)(v)}} {{isdaprov|Additional Termination Event}}<br> | {{isdaprov|5(b)(v)}} {{isdaprov|Additional Termination Event}}<br> | ||
====={{isdaprov|5(c)}} {{isdaprov|Event of Default and Illegality}}===== | |||
---- | |||
''{{2002ma}}'' | |||
====={{isdaprov|5(b)}} {{isdaprov|Termination Events}}===== | |||
{{isdaprov|5(b)(i)}} {{isdaprov|Illegality}}<br> | |||
{{isdaprov|5(b)(ii)}} {{isdaprov|Force Majeure Event}}<br> | |||
{{isdaprov|5(b)(iii)}} {{isdaprov|Tax Event}}<br> | |||
{{isdaprov|5(b)(iv)}} {{isdaprov|Tax Event Upon Merger}}<br> | |||
{{isdaprov|5(b)(v)}} {{isdaprov|Credit Event Upon Merger}}<br> | |||
{{isdaprov|5(b)(vi)}} {{isdaprov|Additional Termination Event}}<br> | |||
====={{isdaprov|5(c)}} {{isdaprov|Hierarchy of Events}}===== | |||
====={{isdaprov|5(c)}} {{isdaprov|Deferral of Payments and Deliveries During Waiting Period}}===== | |||
====={{isdaprov|5(c)}} {{isdaprov|Inability of Head or Home Office to Perform Obligations of Branch}}===== | |||
---- | |||
{{isdaanatomy}} | {{isdaanatomy}} | ||
Revision as of 15:42, 13 July 2012
Subsections
Note that the numbering of Section 5b and beyond differs between the 1992 ISDA and the 2002 ISDA.
5(a) Events of Default
5(a)(i) Failure to Pay or Deliver
5(a)(ii) Breach of Agreement
5(a)(iii) Credit Support Default
5(a)(iv) Misrepresentation
5(a)(v) Default under Specified Transaction
5(a)(vi) Cross Default
5(a)(vii) Bankruptcy
5(a)(viii) Merger without Assumption
5(b) Termination Events
5(b)(i) Illegality
5(b)(ii) Tax Event
5(b)(iii) Tax Event Upon Merger
5(b)(iv) Credit Event Upon Merger
5(b)(v) Additional Termination Event
5(c) Event of Default and Illegality
5(b) Termination Events
5(b)(i) Illegality
5(b)(ii) Force Majeure Event
5(b)(iii) Tax Event
5(b)(iv) Tax Event Upon Merger
5(b)(v) Credit Event Upon Merger
5(b)(vi) Additional Termination Event