Non-affected Party - ISDA Provision
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A clause so joyously well-crafted in 1992, that ISDA’s crack drafting squad™ saw no need to change it a decade later, when the opportunity presented itself. They might have grasped it to devise a concept less clumsy than “the Non-affected Party or the Non-defaulting Party, as the case may be” — you know, like “Innocent Party”, or something like that — but perhaps that’s just me.
See also
- Affected Party
- Defaulting Party
- Non-defaulting Party
- Innocent Party — not an official ISDA term, but our own contrivance, which we see as fan fiction, or part of the expanded ISDA universe.