Merger Without Assumption - ISDA Provision: Difference between revisions

Merger Without Assumption - ISDA Provision (view source)

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 ===And “[[all or substantially all]]” means?===
-There's not a lot of [[case law]] on it. Some say 90%. Some say 75%. Some people — your correspondent included — say “shoot me”. but interestingly the Section doesn’t seem to bite where one entity transferred all of its assets, half-half, into two distinct entities. I dunno — could it happen? Search me. You’ll have to go and find one of those corporate lawyers I was talking about before to find that out. They love that kind of stuff.
+There’s not a lot of [[case law]] on it. Some say 90%. Some say 75%. Some people — your correspondent included — say “shoot me”. but interestingly the Section doesn’t seem to bite where one entity transferred all of its assets, half-half, into two distinct entities. I dunno — could it happen? Search me. You’ll have to go and find one of those corporate lawyers I was talking about before to find that out. They love that kind of stuff.
 {{sa}}
 *{{isdaprov|Credit Event Upon Merger}}
 *[[all or substantially all]]
 {{ref}}