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Amwelladmin (talk | contribs) (Created page with "==={{t|Trick for young players}}=== A “{{{{{1}}}|Termination Event}}” is defined as “an {{{{{1}}}|Illegality}}, a {{{{{1}}}|Tax Event}} or a {{{{{1}}}|Tax Event Upon Mer...") |
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If you try to make it into a new “{{{{{1}}}|5(b)(vii)}}” it is therefore ''neither'' an “{{{{{1}}}|Illegality}}”, “{{{{{1}}}|Tax Event}}”, “{{{{{1}}}|Tax Event Upon Merger}}”, “{{{{{1}}}|Credit Event Upon Merger}}” ''nor'' an “{{{{{1}}}|Additional Termination Event}}”. Read literally, is will not be caught by the definition of “{{{{{1}}}|Termination Event}}” and none of the Termination provisions will bite on it. | If you try to make it into a new “{{{{{1}}}|5(b)(vii)}}” it is therefore ''neither'' an “{{{{{1}}}|Illegality}}”, “{{{{{1}}}|Tax Event}}”, “{{{{{1}}}|Tax Event Upon Merger}}”, “{{{{{1}}}|Credit Event Upon Merger}}” ''nor'' an “{{{{{1}}}|Additional Termination Event}}”. Read literally, is will not be caught by the definition of “{{{{{1}}}|Termination Event}}” and none of the Termination provisions will bite on it. | ||
I mention this because I have seen it happen. Yes, you can take a “fair, large and liberal view” that what the parties intended was to create an {{{{{1}}}|ATE}}, but why suffer that | I mention this because I have seen it happen. Yes, you can take a “fair, large and liberal view” that what the parties intended was to create an {{{{{1}}}|ATE}}, but, in our age of anxiety, why suffer ''that'' one? | ||