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Absence of Litigation - ISDA Provision: Difference between revisions
Absence of Litigation - ISDA Provision (view source)
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=={{1992ma}}== | =={{1992ma}}== | ||
{{isdaquote|{{isdaprov|3(c)}} '''{{isdaprov|Absence of Litigation}}'''. There is not pending or, to its knowledge, threatened against it or any of its | |||
{{isdaprov|Affiliate}}s any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, | {{isdaprov|Affiliate}}s any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, | ||
agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it | agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it | ||
of this Agreement or any {{isdaprov|Credit Support Document}} to which it is a party or its ability to perform its obligations | of this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which it is a party or its ability to perform its obligations | ||
under this Agreement or such Credit Support Document. | under this {{isdaprov|Agreement}} or such {{isdaprov|Credit Support Document}}.|3(c)|2002}} | ||
==Commentary== | ==Commentary== | ||
Reference to {{isdaprov|Affiliate}}s can be controversial, particularly for Hedge Fund Managers. | Reference to {{isdaprov|Affiliate}}s can be controversial, particularly for Hedge Fund Managers. | ||
{{isdaanatomy}} | {{isdaanatomy}} | ||