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Additional Termination Event - ISDA Provision: Difference between revisions
Additional Termination Event - ISDA Provision (view source)
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{{fullanat2|isda|5(b)(vi)|2002|5(b)(v)|1992}} | |||
{{ISDAnumberingdiscrepancy}} | {{ISDAnumberingdiscrepancy}} | ||
==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}}”. | ||
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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 {{isdaprov|ATE}}, but why suffer that anxiety? | 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 {{isdaprov|ATE}}, but why suffer that anxiety? | ||