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Force Majeure Event - ISDA Provision: Difference between revisions
Force Majeure Event - ISDA Provision (view source)
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, 13 July 2012→Section {{isdaprov|5(b)(ii)}} {{2002ma}}
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so long as the force majeure or act of state is beyond the control of such Office, such party or such Credit Support <br>Provider, as appropriate, and such {{isdaprov|Office}}, party or {{isdaprov|Credit Support Provider}} could not, after using all reasonable efforts <br>(which will not require such party or {{isdaprov|Credit Support Provider}} to incur a loss, other than immaterial, incidental expenses), <br>overcome such prevention, impossibility or impracticability;|5(b)(ii)|2002}} | so long as the force majeure or act of state is beyond the control of such Office, such party or such Credit Support <br>Provider, as appropriate, and such {{isdaprov|Office}}, party or {{isdaprov|Credit Support Provider}} could not, after using all reasonable efforts <br>(which will not require such party or {{isdaprov|Credit Support Provider}} to incur a loss, other than immaterial, incidental expenses), <br>overcome such prevention, impossibility or impracticability;|5(b)(ii)|2002}} | ||
There is no equivalent in the {{1992ma}}. | ==Section {{isdaprov|Force Majeure Event}} in the {{1992ma}}== | ||
===Incorporating Force Majeure into the {{1992ma}}=== | There is no equivalent in the {{1992ma}}. An {{isdaprov|Impossibility}} clause was frequently written into the schedule, which endeavoured to do the same thing. | ||
===Incorporating {{isdaprov|Force Majeure Event}} into the {{1992ma}}=== | |||
On the subject of incorporating Force Majeure into the 1992 Master: | On the subject of incorporating Force Majeure into the 1992 Master: | ||