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Furnish Specified Information - ISDA Provision: Difference between revisions
Furnish Specified Information - ISDA Provision (view source)
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Then again, nor does anyone else. | Then again, nor does anyone else. | ||
==== Not providing documents for delivery is an Event of Default ==== | ==== Not providing {{isdaprov|documents for delivery}} is an {{isdaprov|Event of Default}} ==== | ||
In any case, the significance of those documents is rendered by this provision: it is by dint of this that the parties agree to exchange them. A failure, therefore, to produce documents set out in {{isdaprov|4(a)(i)(ii)}} would amount to an {{isdaprov|Event of Default}} for {{isdaprov|Breach of Agreement}} under Section {{isdaprov|5(a)(ii)}}. Note that to get to this conclusion you need to follow a tortured chain of nested [[double negative|double negatives]] between clauses {{isdaprov|4(a)}} and {{isdaprov|5(a)(ii)}}. | In any case, the significance of those documents is rendered by this provision: it is by dint of this that the parties agree to exchange them. A failure, therefore, to produce documents set out in {{isdaprov|4(a)(i)(ii)}} would amount to an {{isdaprov|Event of Default}} for {{isdaprov|Breach of Agreement}} under Section {{isdaprov|5(a)(ii)}}. Note that to get to this conclusion you need to follow a tortured chain of nested [[double negative|double negatives]] between clauses {{isdaprov|4(a)}} and {{isdaprov|5(a)(ii)}}. | ||
{{Withholding under ISDA}} | {{Withholding under ISDA}} | ||