Master Agreement TOC - ISDA Provision
1. Interpretation
2. Obligations
3. Representations
4. Agreements
5. Events of Default and Termination Events
Note that the numbering of Section 5b and beyond differs between the 1992 ISDA and the 2002 ISDA.
5(a) Events of Default
- 5(a)(i) Failure to Pay or Deliver
- 5(a)(ii) Breach of Agreement
- 5(a)(iii) Credit Support Default
- 5(a)(iv) Misrepresentation
- 5(a)(v) Default under Specified Transaction
- 5(a)(vi) Cross Default
- 5(a)(vii) Bankruptcy
- 5(a)(viii) Merger without Assumption
5(b) Termination Events
- 5(b)(i) Illegality
- 5(b)(ii) Tax Event
- 5(b)(iii) Tax Event Upon Merger
- 5(b)(iv) Credit Event Upon Merger
- 5(b)(v) Additional Termination Event
5(c) Event of Default and Illegality
5(b) Termination Events
- 5(b)(i) Illegality
- 5(b)(ii) Force Majeure Event
- 5(b)(iii) Tax Event
- 5(b)(iv) Tax Event Upon Merger
- 5(b)(v) Credit Event Upon Merger
- 5(b)(vi) Additional Termination Event
5(c) Hierarchy of Events
5(c) Deferral of Payments and Deliveries During Waiting Period
5(c) Inability of Head or Home Office to Perform Obligations of Branch
6. Early Termination
- 6(a) Right to Terminate following Event of Default
- 6(b) Right to Terminate following Termination Event