Notice (of Termination Event) - ISDA Provision: Difference between revisions

Notice (of Termination Event) - ISDA Provision (view source)

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 {{isdasnap|6(b)(i)}}
- (i) Notice. If a {{isdaprov|Termination Event}} occurs, an {{isdaprov|Affected Party}} will, promptly upon becoming aware of
- it, notify the other party, specifying the nature of that Termination Event and each {{isdaprov|Affected Transaction}}
- and will also give such other information about that Termination Event as the other party may reasonably
- require.
 ===Analysis===
-Note the difficulty of practical compliance with this provision, given the size of the ISDA portfolio within BBPLC, and tghe requirement for actively monitoring not only standard Termination Events, but also Additional Termination Events, which may be counterparty or even transaction specific.
+Note the difficulty of practical compliance with this provision, given a sizeable ISDA portfolio, and the requirement for actively monitoring not only standard {{isdaprov|Termination Events}}, but also {{isdaprov|Additional Termination Events}}, which may be counterparty or even {{isdaprov|Transaction}}-specific.
 {{isdaanatomy}}