Non-affected Party - ISDA Provision

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2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

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Section Non-affected Party in a Nutshell

Use at your own risk, campers!
Non-affected Party” means the party that isn’t the Affected Party, if there is one.

Full text of Section Non-affected Party

Non-affected Party” means, so long as there is only one Affected Party, the other party.

Related agreements and comparisons

Related Agreements
Click here for the text of Section Non-affected Party in the 1992 ISDA
Template:Isdadiff Non-affected Party

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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