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Accuracy of Specified Information - ISDA Provision: Difference between revisions
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Accuracy of Specified Information - ISDA Provision (view source)
Revision as of 15:45, 26 June 2018
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:''“or, in the case of financial information, a fair representation of the financial conditions of the relevant party, provided that the other party may rely on any such information when determining whether an Additional termination Event has occurred.”'' | :''“or, in the case of financial information, a fair representation of the financial conditions of the relevant party, provided that the other party may rely on any such information when determining whether an Additional termination Event has occurred.”'' | ||
You have to ask what exactly this achieves, and how it is any different from the standard wording. | You have to ask what exactly this achieves, and how it is any different from the standard wording. One pedant might insist on the conjunctive “[[and]]” rather than the disjunctive “[[or]]”. And is a “fair representation of a party’s financial standing” a different thing from “true, accurate and complete in all material respects?”. Who knows? Who is asking? On what planet would real-life circumstances exist in which it would ever make a difference? | ||
{{Specified Information and Breach of Agreement}} | {{Specified Information and Breach of Agreement}} | ||
{{ref}} | {{ref}} | ||