Template:M gen 2002 ISDA 6(b)(i): Difference between revisions
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===Section {{isdaprov|6(b)(i)}}: {{isdaprov|Notice}}=== | ===Section {{isdaprov|6(b)(i)}}: {{isdaprov|Notice}}=== | ||
It starts off gently. If you are subject to a {{isdaprov|Termination Event}} — remember these are generally extraneous things beyond your control like {{isdaprov|Tax Event}}s, {{isdaprov|Illegality}}, {{isdaprov|Force Majeure}}, for which you can’t really be blamed, but which affect your capacity to efficiently perform the agreement, so this is nothing really to be ashamed about, even though it might colour your counterparty’s view of carrying on — you must notify your counterparty. | |||
Latest revision as of 17:40, 13 September 2022
Section 6(b)(i): Notice
It starts off gently. If you are subject to a Termination Event — remember these are generally extraneous things beyond your control like Tax Events, Illegality, Force Majeure, for which you can’t really be blamed, but which affect your capacity to efficiently perform the agreement, so this is nothing really to be ashamed about, even though it might colour your counterparty’s view of carrying on — you must notify your counterparty.