Maintain Authorisations - 1992 ISDA Provision

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1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual

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Navigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Events of Default: 5(a)(i) Failure to Pay or Deliver5(a)(ii) Breach of Agreement5(a)(iii) Credit Support Default5(a)(iv) Misrepresentation5(a)(v) Default Under Specified Transaction5(a)(vi) Cross Default5(a)(vii) Bankruptcy5(a)(viii) Merger Without Assumption
Termination Events: 5(b)(i) Illegality5(b)(ii) Tax Event5(b)(iii) Tax Event Upon Merger5(b)(iv) Credit Event Upon Merger5(b)(v) Additional Termination Event

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Section 4(b) in a Nutshell
Use at your own risk, campers!

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Full text of Section 4(b)

4(b) Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.
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Related agreements and comparisons

Related Agreements
Click here for the text of Section 4(b) in the 2002 ISDA
Comparisons
The 1992 ISDA and 2002 ISDA versions of Section 4(b) are identical.

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Content and comparisons

They’re the same. Exactly the same. They couldn’t even improve the punctuation, yo. Not even for the sake of it.
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Summary


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See also

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References