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Non-defaulting Party - ISDA Provision: Difference between revisions
Non-defaulting Party - ISDA Provision (view source)
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To be compared with - well, {{isdaprov|Defaulting Party}}. Of all things. And {{isdaprov|Non-affected Party}}, as well. The difference between a {{isdaprov|Non-defaulting Party}} and a {{isdaprov|Non-affected Party}}, and the linguistic torture that distinction as inflicted on the race of ISDA lawyers ever since, says everything you need to know about the absurdity of modern commercial law. | To be compared with - well, {{isdaprov|Defaulting Party}}. Of all things. And {{isdaprov|Non-affected Party}}, as well. The difference between a {{isdaprov|Non-defaulting Party}} and a {{isdaprov|Non-affected Party}}, and the linguistic torture that distinction as inflicted on the race of ISDA lawyers ever since, says everything you need to know about the absurdity of modern commercial law. | ||
''Do say'': “the {{isdaprov|Non-defaulting Party}} or {{isdaprov|the non-Affected Party}}, as the case may be” over and over again. | *''Do say'': “the {{isdaprov|Non-defaulting Party}} or {{isdaprov|the non-Affected Party}}, as the case may be” over and over again. | ||
''Don’t say'': “Is there really no other way you could get across this concept for crying out loud?” | *''Don’t say'': “Is there really no other way you could get across this concept, for crying out loud?” | ||
{{seealso}} | {{seealso}} | ||
*{{isdaprov|Defaulting Party}} | *{{isdaprov|Defaulting Party}} | ||
{{isdaanatomy}} | {{isdaanatomy}} | ||