Template:Nutshell 2002 ISDA 5(b)(i): Difference between revisions

Template:Nutshell 2002 ISDA 5(b)(i) (view source)

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	:{{isdaprov\|5(b)(i)}} '''{{isdaprov\|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov\|Transaction}}, for reasons beyond the ~~affected party's~~ control, (not counting a lack of authorisation required under Section {{isdaprov\|4(b)}}), it would be illegal in any relevant jurisdiction to comply with any material term of a {{isdaprov\|Transaction}} or {{isdaprov\|Credit Support Document}}. <br>		:{{isdaprov\|5(b)(i)}} '''{{isdaprov\|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov\|Transaction}}, for reasons beyond the {{isdaprov\|Affected Party}}’s control, (not counting a lack of authorisation required under Section {{isdaprov\|4(b)}}), it would be illegal in any relevant jurisdiction to comply with any material term of a {{isdaprov\|Transaction}} or {{isdaprov\|Credit Support Document}}. <br>