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Breach of Agreement - ISDA Provision: Difference between revisions
Breach of Agreement - ISDA Provision (view source)
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Why is Section {{isdaprov|5(a)(i)}} specifically carved out? No good reason other than general [[ISDA]] neurosis/delight in over-communicating. Yes, it has its own separate {{isdaprov|Event of Default}}, with a much tighter timeline, so in practice one would never realistically trigger a [[failure to pay]] as a {{isdaprov|5(a)(ii)}} event, but it is still a bit fussy carving it out. | Why is Section {{isdaprov|5(a)(i)}} specifically carved out? No good reason other than general [[ISDA]] neurosis/delight in over-communicating. Yes, it has its own separate {{isdaprov|Event of Default}}, with a much tighter timeline, so in practice one would never realistically trigger a [[failure to pay]] as a {{isdaprov|5(a)(ii)}} event, but it is still a bit fussy carving it out. | ||
ISDA{{tm}}. Never knowingly outfussed.{{tm}} | ''[[ISDA]]{{tm}}. Never knowingly outfussed.{{tm}}'' | ||
===It is an {{isdaprov|Event of Default}} not to supply {{isdaprov|documents for delivery}}=== | ===It is an {{isdaprov|Event of Default}} not to supply {{isdaprov|documents for delivery}}=== | ||