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Merger Without Assumption - ISDA Provision: Difference between revisions
Merger Without Assumption - ISDA Provision (view source)
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{{fullanat2|isda|5(a)(viii)|2002|5(a)(viii)|1992}} | {{fullanat2|isda|5(a)(viii)|2002|5(a)(viii)|1992}} | ||
{{nuts|2002 ISDA|5(a)(viii)}} | {{nuts|2002 ISDA|5(a)(viii)}} | ||
This can be triggered if: | |||
*The resulting party repudiates any existing Transactions under the ISDA; or | |||
*(in the case of a transfer of assets) a small rump of Transactions are left in the original entity, and not transferred at all. | |||
===And [[all or substantially all]] means?=== | |||
There's not a lot of case law on it. Some say 90%. Some say 70%. | |||