Headings - ISDA Provision
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Content and comparisons
Yet more unimpeachably excellent work from the class of ’92. No changes here in the 2002 ISDA.
Summary
So suddenly, in Section 9(g) of all places, the members of ISDA’s crack drafting squad™ wake up out of their collective fever dream, and this is what they say: It’s like, “okay, so we wrote them; we did put them here — hands up, we admit it — but we don’t mean anything by them”. And what is a fellow to make of the headings before Section 9 that, short days ago, being a logical fellow, I read, enjoyed and imbued with symbolic meaning? Am I supposed to just throw that crystalline construct away now? It just seems such a waste.
Don’t you just love lawyers?
See also
- Headings generally; that great bane of contractual construction (apparently)
- Interpretation and construction
- Boilerplate Anatomy