Bankruptcy - ISDA Provision: Difference between revisions

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{{isdasnap|5(a)(vii)}}
===Speed Read===
===Speed Read===
In essence the {{2002ma}} defintion amounts to the following:
In essence the {{2002ma}} defintion amounts to the following:
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#'''Action in furtherance''': takes any action in furtherance of any of the above.
#'''Action in furtherance''': takes any action in furtherance of any of the above.


==Analysis==
===Analysis===
 
Note the contraction of the grace period from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}.
Note the contraction of the grace period from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}.


{{isdasnap|5(a)(vii)}}
{{isdaquote|{{clause|1987|ISDA|Interest Rate and Currency Enxchange Agreement}}|5(a)(vii)|1987}}
{{isdaanatomy}}
{{isdaanatomy}}
*{{isdaprov|Automatic Early Termination}}
*{{isdaprov|Automatic Early Termination}}

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