Non-defaulting Party - ISDA Provision: Difference between revisions

Non-defaulting Party - ISDA Provision (view source)

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-{{isdaanat|Non-defaulting Party}}
+{{manual|MI|2002|Non-defaulting Party|Section|Non-defaulting Party|short}}
-{{comm}}
-To be compared with - well, {{isdaprov|Defaulting Party}}. Of all things. And {{isdaprov|Non-affected Party}}, as well. The difference between a {{isdaprov|Non-defaulting Party}} and a {{isdaprov|Non-affected Party}}, and the linguistic torture that distinction as inflicted on the race of ISDA lawyers ever since, says everything you need to know about the absurdity of modern commercial law.
-*''Do say'': “the {{isdaprov|Non-defaulting Party}} or {{isdaprov|the non-Affected Party}}, as the case may be” over and over again.
-*''Don’t say'': “Is there really no other way you could get across this concept, for crying out loud?”
-{{sa}}
-*{{isdaprov|Defaulting Party}}
-{{isdaanatomy}}