Expenses - ISDA Provision: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(15 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{isdasnap|11}}
{{newisdamanual|11}}
==Commentary==
Observers will note that, but for the odd comma, these two provisions are identical. And revolutionarily brief. Not that they couldn't be improved, of course; they just weren't.
 
The {{isdaprov|Expenses}} referred to in this provision would not be captured by the definition of "'''{{isdaprov|Close Out Amount}}'''" or "'''{{isdaprov|Early Termination Amount}}'''" because, qed, they arise only once that amount has been determined and the non-defaulting party is in the process of collecting it.
 
{{anat|isda}}