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Termination Events - ISDA Provision: Difference between revisions
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Termination Events - ISDA Provision (view source)
Revision as of 09:01, 23 January 2013
, 23 January 2013→Termination Events and Events of Default
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Termination events are less likely (although sometimes they do) to trigger third-party defaults; however, they often will trigger termination rights that cut across all agreements with one dealer (i.e., {{isdaprov|Default Under Specified Transaction}}). | Termination events are less likely (although sometimes they do) to trigger third-party defaults; however, they often will trigger termination rights that cut across all agreements with one dealer (i.e., {{isdaprov|Default Under Specified Transaction}}). | ||
==={{isdaprov|Force Majeure Event}}=== | |||
Note that the {{2002ma}} includes a {{isdaprov|Force Majeure Event}}, using language that was already agreed and widely inserted into the {{1992ma}} Schedule prior to its publication. Because this was entered as Section 5(b)(ii), this necessitates some numbering differences between the two versions of the {{isdama}} - a drafting trick for young players to watch out for. | |||
{{isdasnap|5(b)}} | {{isdasnap|5(b)}} | ||
==Subsections to Section 5(b) {{isdama}}== | ==Subsections to Section 5(b) {{isdama}}== | ||
:(b) {{isdaprov|Termination Events}} | :(b) {{isdaprov|Termination Events}} | ||