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Affected Party - ISDA Provision: Difference between revisions
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Affected Party - ISDA Provision (view source)
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{{ | {{Manual|MI|2002|Affected Party||Affected Party|short}} | ||
One who is subject to a Section {{isdaprov|5(b)}} {{isdaprov|Termination Event}}, but not a Section {{isdaprov|5(a)}} {{isdaprov|Event of Default}} — thus one of a marginally less opprobrious character, seeing as {{isdaprov|Termination Event}}s are generally not considered to be one’s ''fault'' as such, but just sad things that happen that no-one expected, or wanted, but bring what was once a beautiful relationship to an end. It’s not you, it’s — well, it’s not me either, it’s just that confounded [[Tax Event Upon Merger - ISDA Provision|tax event that occurred upon your recent merger]]. | One who is subject to a Section {{isdaprov|5(b)}} {{isdaprov|Termination Event}}, but not a Section {{isdaprov|5(a)}} {{isdaprov|Event of Default}} — thus one of a marginally less opprobrious character, seeing as {{isdaprov|Termination Event}}s are generally not considered to be one’s ''fault'' as such, but just sad things that happen that no-one expected, or wanted, but bring what was once a beautiful relationship to an end. It’s not you, it’s — well, it’s not me either, it’s just that confounded [[Tax Event Upon Merger - ISDA Provision|tax event that occurred upon your recent merger]]. | ||