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Force Majeure Event - ISDA Provision: Difference between revisions
Force Majeure Event - ISDA Provision (view source)
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{{ISDAnumberingdiscrepancy}} | {{ISDAnumberingdiscrepancy}} | ||
{{isdasnap|5(b)(ii)}} | {{isdasnap|5(b)(ii)}} | ||
Note that, while the {{1992ma}} does not contain the concept of Force Majeure, there is an [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which can be signed to adopt/incorporate the relevant parts: | Note that, while the {{1992ma}} does not contain the concept of Force Majeure, there is an [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which can be signed to adopt/incorporate the relevant parts: | ||
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===Incorporating Force Majeure into the {{1992ma}}=== | ===Incorporating Force Majeure into the {{1992ma}}=== | ||
One can | One can incorporate {{isdaprov|Force Majeure}} into the {{1992ma}} as long as you carry the concept through to its logical conclusion i.e.: | ||
*Include a {{isdaprov|Hierachy of Events}}; | *Include a {{isdaprov|Hierachy of Events}}; | ||
*Consider the impact re a deferral of {{isdaprov|Early Termination Amount}} etc. | *Consider the impact re a deferral of {{isdaprov|Early Termination Amount}} etc. | ||