Notice (of Termination Event) - 1992 ISDA Provision
1992 ISDA Master Agreement
Section 6(b)(i) in a Nutshell™
Use at your own risk, campers!
Full text of Section 6(b)(i)
Related agreements and comparisons
Content and comparisons
Updated in 2002 with special pleadings relating to the newly-introduced Force Majeure Termination Event.
Note the difficulty of practical compliance with this provision, given a sizeable ISDA portfolio, and the requirement for actively monitoring not only standard Termination Events, but also Additional Termination Events, which may be counterparty or even Transaction-specific.
Be aware of the notices provision of the ISDA Master Agreement, especially if you’re using a 1992 ISDA and you were thinking of serving by email — NatWest Bank could tell you a thing or two about that, as this lengthy article explains — or if the world happens to be in the grip of madness, hysteria, pandemic or something equally improbable like an alien invasion.
Template:M sa 1992 ISDA 6(b)(i)
- ↑ “The chances of anything coming from Mars were a million-to-one,” he said. Yet, still they came.