Template:M comp disc 2002 ISDA 5(b)(i): Difference between revisions

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(Created page with "As its clause numbering indicates, {{isdaprov|Illegality}} is a Section {{isdaprov|5(b)}} {{isdaprov|Termination Event}} — being one of those irritating vicissitudes of life...")
 
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As its clause numbering indicates, {{isdaprov|Illegality}} is a Section {{isdaprov|5(b)}} {{isdaprov|Termination Event}} — being one of those irritating vicissitudes of life that are no-one’s fault but which mean things cannot go on, and not a Section {{isdaprov|5(a)}} {{isdaprov|Event of Default}}, being those perfidious actions of one or other Party which bring matters to an end which, but for that behaviour, ought really to have been avoided.
[[5(b)(i) - ISDA Provision|As]] its clause numbering indicates, {{isdaprov|Illegality}} is a Section {{isdaprov|5(b)}} {{isdaprov|Termination Event}} — being one of those irritating vicissitudes of life that are no-one’s fault but which mean things cannot go on, and not a Section {{isdaprov|5(a)}} {{isdaprov|Event of Default}}, being those perfidious actions of one or other Party which bring matters to an end which, but for that behaviour, ought really to have been avoided.