Template:ISDA Master Agreement 1992 5(c): Difference between revisions

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{{isdaprov|5(c)}} '''{{isdaprov|Event of Default and Illegality}}'''. If an event or circumstance which would otherwise constitute or <br>give rise to an {{isdaprov|Event of Default}} also constitutes an {{isdaprov|Illegality}}, it will be treated as an {{isdaprov|Illegality}} and will not <br>constitute an {{isdaprov|Event of Default}}. <br>
{{isdaprov|5(c)}} '''{{isdaprov|Event of Default and Illegality}}'''. If an event or circumstance which would otherwise constitute or give rise to an {{isdaprov|Event of Default}} also constitutes an {{isdaprov|Illegality}}, it will be treated as an {{isdaprov|Illegality}} and will not constitute an {{isdaprov|Event of Default}}. <br>

Revision as of 17:11, 20 March 2018

5(c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

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