https://jollycontrarian.com/index.php?title=Talk:Illegality_-_ISDA_Provision&feed=atom&action=historyTalk:Illegality - ISDA Provision - Revision history2024-03-29T08:01:39ZRevision history for this page on the wikiMediaWiki 1.39.3https://jollycontrarian.com/index.php?title=Talk:Illegality_-_ISDA_Provision&diff=40867&oldid=prevAmwelladmin at 16:02, 26 February 20202020-02-26T16:02:44Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 16:02, 26 February 2020</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">2002</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">1992</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i) Illegality. <del style="font-weight: bold; text-decoration: none;">After giving effect </del>to <del style="font-weight: bold; text-decoration: none;">any applicable provision</del>, <del style="font-weight: bold; text-decoration: none;">disruption fallback </del>or <del style="font-weight: bold; text-decoration: none;">remedy specified </del>in, <del style="font-weight: bold; text-decoration: none;">or pursuant to, the relevant Confirmation or elsewhere in this Agreement, due to an event or circumstance (other than </del>any <del style="font-weight: bold; text-decoration: none;">action taken by a party or, if </del>applicable<del style="font-weight: bold; text-decoration: none;">, any Credit Support Provider of such party) occurring </del>after a Transaction is entered into, <del style="font-weight: bold; text-decoration: none;">it becomes unlawful under any applicable law (including without limitation </del>the <del style="font-weight: bold; text-decoration: none;">laws </del>of any <del style="font-weight: bold; text-decoration: none;">country </del>in <del style="font-weight: bold; text-decoration: none;">which payment</del>, <del style="font-weight: bold; text-decoration: none;">delivery or compliance is required </del>by <del style="font-weight: bold; text-decoration: none;">either party or </del>any <del style="font-weight: bold; text-decoration: none;">Credit Support Provider</del>, <del style="font-weight: bold; text-decoration: none;">as the case may be), on </del>any <del style="font-weight: bold; text-decoration: none;">day</del>, <del style="font-weight: bold; text-decoration: none;">or </del>it <del style="font-weight: bold; text-decoration: none;">would be </del>unlawful <del style="font-weight: bold; text-decoration: none;">if the relevant payment, delivery or compliance were required on that day </del>(<del style="font-weight: bold; text-decoration: none;">in each case, </del>other than as a result of a breach by the party of Section 4(b)):<del style="font-weight: bold; text-decoration: none;">―</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i) Illegality. <ins style="font-weight: bold; text-decoration: none;">Due </ins>to <ins style="font-weight: bold; text-decoration: none;">the adoption of</ins>, or <ins style="font-weight: bold; text-decoration: none;">any change </ins>in, any applicable <ins style="font-weight: bold; text-decoration: none;">law </ins>after <ins style="font-weight: bold; text-decoration: none;">the date on which </ins>a Transaction is entered into, <ins style="font-weight: bold; text-decoration: none;">or due to </ins>the <ins style="font-weight: bold; text-decoration: none;">promulgation </ins>of<ins style="font-weight: bold; text-decoration: none;">, or </ins>any <ins style="font-weight: bold; text-decoration: none;">change </ins>in, <ins style="font-weight: bold; text-decoration: none;">the interpretation </ins>by any <ins style="font-weight: bold; text-decoration: none;">court</ins>, <ins style="font-weight: bold; text-decoration: none;">tribunal or regulatory authority with competent jurisdiction of </ins>any <ins style="font-weight: bold; text-decoration: none;">applicable law after such date</ins>, it <ins style="font-weight: bold; text-decoration: none;">becomes </ins>unlawful (other than as a result of a breach by the party of Section 4(b)<ins style="font-weight: bold; text-decoration: none;">) for such party (which will be the Affected Party</ins>):</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i)(1) <del style="font-weight: bold; text-decoration: none;">for the Office through which such party (which will be the Affected Party) makes and receives payments or deliveries with respect to such Transaction </del>to perform any absolute or contingent obligation to make a payment or delivery <del style="font-weight: bold; text-decoration: none;">in respect of such Transaction, </del>to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i)(1) to perform any absolute or contingent obligation to make a payment or delivery <ins style="font-weight: bold; text-decoration: none;">or </ins>to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i)(2) for <del style="font-weight: bold; text-decoration: none;">such party or </del>any Credit Support Provider of such party <del style="font-weight: bold; text-decoration: none;">(which will be the Affected Party) </del>to perform any <del style="font-weight: bold; text-decoration: none;">absolute </del>or <del style="font-weight: bold; text-decoration: none;">contingent </del>obligation <del style="font-weight: bold; text-decoration: none;">to make a payment or delivery </del>which <del style="font-weight: bold; text-decoration: none;">such </del>party or Credit Support Provider has under any Credit Support Document relating to such Transaction<del style="font-weight: bold; text-decoration: none;">, to receive a payment or delivery under such Credit Support Document or to comply with any other material provision of such Credit Support Document</del>;</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>5(b)(i)(2) <ins style="font-weight: bold; text-decoration: none;">to perform, or </ins>for any Credit Support Provider of such party to perform<ins style="font-weight: bold; text-decoration: none;">, </ins>any <ins style="font-weight: bold; text-decoration: none;">contingent </ins>or <ins style="font-weight: bold; text-decoration: none;">other </ins>obligation which <ins style="font-weight: bold; text-decoration: none;">the </ins>party <ins style="font-weight: bold; text-decoration: none;">(</ins>or <ins style="font-weight: bold; text-decoration: none;">such </ins>Credit Support Provider<ins style="font-weight: bold; text-decoration: none;">) </ins>has under any Credit Support Document relating to such Transaction;</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=Talk:Illegality_-_ISDA_Provision&diff=40866&oldid=prevAmwelladmin: Created page with "2002 5(b)(i) Illegality. After giving effect to any applicable provision, disruption fallback or remedy specified in, or pursuant to, the relevant Confirmation or elsewhere i..."2020-02-26T16:02:17Z<p>Created page with "2002 5(b)(i) Illegality. After giving effect to any applicable provision, disruption fallback or remedy specified in, or pursuant to, the relevant Confirmation or elsewhere i..."</p>
<p><b>New page</b></p><div>2002<br />
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5(b)(i) Illegality. After giving effect to any applicable provision, disruption fallback or remedy specified in, or pursuant to, the relevant Confirmation or elsewhere in this Agreement, due to an event or circumstance (other than any action taken by a party or, if applicable, any Credit Support Provider of such party) occurring after a Transaction is entered into, it becomes unlawful under any applicable law (including without limitation the laws of any country in which payment, delivery or compliance is required by either party or any Credit Support Provider, as the case may be), on any day, or it would be unlawful if the relevant payment, delivery or compliance were required on that day (in each case, other than as a result of a breach by the party of Section 4(b)):―<br />
5(b)(i)(1) for the Office through which such party (which will be the Affected Party) makes and receives payments or deliveries with respect to such Transaction to perform any absolute or contingent obligation to make a payment or delivery in respect of such Transaction, to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or<br />
5(b)(i)(2) for such party or any Credit Support Provider of such party (which will be the Affected Party) to perform any absolute or contingent obligation to make a payment or delivery which such party or Credit Support Provider has under any Credit Support Document relating to such Transaction, to receive a payment or delivery under such Credit Support Document or to comply with any other material provision of such Credit Support Document;</div>Amwelladmin