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Additional Termination Event - ISDA Provision: Difference between revisions
Additional Termination Event - ISDA Provision (view source)
Revision as of 16:39, 18 July 2012
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==Tricks for the Young Players== | ==Tricks for the Young Players== | ||
{{isdaprov|Termination Event}} is defined as "an {{isdaprov|Illegality}}, a {{isdaprov|Tax Event}} or a {{isdaprov|Tax Event Upon Merger}} or, if specified to be applicable, a {{isdaprov|Credit Event Upon Merger}} or an {{isdaprov|Additional Termination Event}}". | {{isdaprov|Termination Event}} is defined as "an {{isdaprov|Illegality}}, a {{isdaprov|Tax Event}} or a {{isdaprov|Tax Event Upon Merger}} or, if specified to be applicable, a {{isdaprov|Credit Event Upon Merger}} or an {{isdaprov|Additional Termination Event}}'''". | ||
'''Best Practice Note''': Therefore adding any new Termination Event must ALWAYS be achieved by labelling it a new "'''{{isdaprov|Additional Termination Event}} under Section 5(b)(v), and not a separate event under a new Section 5(b)(vi) etc. | '''Best Practice Note''': Therefore adding any new Termination Event must ALWAYS be achieved by labelling it a new "'''{{isdaprov|Additional Termination Event}} under Section 5(b)(v), and not a separate event under a new Section 5(b)(vi) etc. | ||