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Bankruptcy - ISDA Provision: Difference between revisions
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<sup>*</sup>This, by the way, is an ISDA In-joke. In face {{isdaprov|Cross Default}} is almost totally pointless. | <sup>*</sup>This, by the way, is an ISDA In-joke. In face {{isdaprov|Cross Default}} is almost totally pointless. | ||
====[[Grace period]]==== | ====[[Grace period]]==== | ||
Note the contraction of the grace period from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}. Note also, for students of history, the problematic {{isdaprov|Automatic Early Termination}} situation under the {{1987ma}}. | Note the contraction of the [[grace period]] from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}. Note also, for students of history, the problematic {{isdaprov|Automatic Early Termination}} situation under the {{1987ma}}. | ||
====1987 ISDA==== | ====1987 ISDA==== | ||
{{isdaquote|{{clause|1987|ISDA|Interest Rate and Currency Exchange Agreement|5(a)(vii)}}|5(a)(vii)|1987}} | {{isdaquote|{{clause|1987|ISDA|Interest Rate and Currency Exchange Agreement|5(a)(vii)}}|5(a)(vii)|1987}} | ||
*{{isdaprov|Automatic Early Termination}} | *{{isdaprov|Automatic Early Termination}} | ||