Template:Isda 2(a)(iii) comp: Difference between revisions

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	Section {{{{{1}}}\|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text is unchanged between the {{1992ma}} and the {{2002ma}}. ~~However there~~ ''was'' a change from the {{1987ma}} which did not have the middle condition precedent that “no {{{{{1}}}\|Early Termination Date}} in respect of the relevant {{{{{1}}}\|Transaction}} has occurred or been effectively designated”. As to what this achieved, we speculate below.		Section {{{{{1}}}\|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text was ''mostly'' unchanged between the {{1992ma}} and the {{2002ma}}, bar a single clarification in Section 2(a)(iii)(3). There ''was'' a change from the {{1987ma}} which did not have the middle condition precedent that “no {{{{{1}}}\|Early Termination Date}} in respect of the relevant {{{{{1}}}\|Transaction}} has occurred or been effectively designated”. As to what all this means, or achieved, we speculate below.