Non-defaulting Party - ISDA Provision
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In gory detail
1992 ISDA |
2002 ISDA |
Commentary
To be compared with - well, Defaulting Party. Of all things. And Non-affected Party, as well. The difference between a Non-defaulting Party and a 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.