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Template:Isda Illegality summ: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "==={{isdaprov|Illegality}} vs. {{isdaprov|Force Majeure}} smackdown=== Like a {{isdaprov|Force Majeure Event}}, an {{isdaprov|Illegality}} may only be triggered after exhausti...") |
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==={{isdaprov|Illegality}} vs. {{isdaprov|Force Majeure}} smackdown=== | ==={{isdaprov|Illegality}} vs. {{isdaprov|Force Majeure}} smackdown=== | ||
Like a {{isdaprov|Force Majeure Event}}, an {{isdaprov|Illegality}} may only be triggered after exhausting the fallbacks and remedies specified in the {{2002ma}}. | Like a {{isdaprov|Force Majeure Event}}, an {{isdaprov|Illegality}} may only be triggered after exhausting the fallbacks and remedies specified in the {{2002ma}}. | ||
===There is a Waiting Period before you can terminate | ===There is a {{isdaprov|Waiting Period}} before you can terminate for {{isdaprov|Illegality}} the {{2002ma}}=== | ||
Note the effect of section {{isdaprov|6(b)(iv)}}(2) in the {{2002ma}} is to impose a {{isdaprov|Waiting Period}} of three {{isdaprov|Local Business Day}}s before one acquires the right to terminate on account of an {{isdaprov|Illegality}}. There is no such waiting period in the {{1992ma}}. | Note the effect of section {{isdaprov|6(b)(iv)}}(2) in the {{2002ma}} is to impose a {{isdaprov|Waiting Period}} of three {{isdaprov|Local Business Day}}s before one acquires the right to terminate on account of an {{isdaprov|Illegality}}. There is no such waiting period in the {{1992ma}}. | ||