Inability of Head or Home Office to Perform Obligations of Branch - ISDA Provision: Difference between revisions

Inability of Head or Home Office to Perform Obligations of Branch - ISDA Provision (view source)

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 {{fullanat|isda|5(e)|2002}}
-From the “shoot me” department, this multi-line bunker buster introduced into the {{2002ma}} which, to give it some kind of credit, doesn’t generate a great deal of comment in the course of your average negotiation. That is as likely to be because it is so stupefyingly dull that no one has summoned the fortitude to read it as it is because it is a sensible, prudent allocation of risk.
+In a nutshell squared:
+''If an {{isdaprov|Affected Party}}’s head office is subject to a [[Force Majeure Event - ISDA Provision|Force Majeure]] or {{isdaprov|Illegality}}, It can't be [[whack|whacked]] for not performing a branch’s obligations under the Section {{isdaprov|10(a)}} rep.''
+From the “shoot me” department, this multi-line bunker-buster introduced into the {{2002ma}} which, to give it some kind of credit, doesn’t generate a great deal of comment in the course of your average negotiation. That is as likely to be because it is so stupefyingly dull that no one has summoned the fortitude to read it as it is because it is a sensible, prudent allocation of risk.
 But here you are, specially for you, the [[Jolly Contrarian]]’s {{nutshell}} service renders it for you in emperor’s couturier style:
 {{nuts|2002 ISDA|5(e)}}
-In a nutshell squared:
-''If an {{isdaprov|Affected Party}}'s head office is subject to a [[Force Majeure Event - ISDA Provision|Force Majeure]] or {{isdaprov|Illegality}}, It can't be [[whack|whacked]] for not performing a branch’s obligations under the Section {{isdaprov|10(a)}} rep.''
 {{seealso}}
-{{isia}}{{ref}}
+{{isia}}
+{{ref}}