Obligations Binding - 1992 ISDA Provision

1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual

Section 3(a)(v) in a Nutshell™
Use at your own risk, campers!

3(a)(v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document are its legal, valid and binding on it and can be enforced according to their terms (subject to equitable principles and laws affecting creditors’ rights generally). view template

Section 3(a)(v) in full

3(a)(v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)). view template

Related agreements and comparisons

Related Agreements Click here* for the text of Section 3(a)(v) in the 2002 ISDA* Comparisons Template:Isdadiff 3(a)(v)

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