Template:M summ 2002 ISDA 4(c): Difference between revisions
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{{isda 4(c) summ|{{{1}}}}} |
Latest revision as of 12:39, 24 December 2023
Hardly controversial that one must obey the law, but note this apparently inoffensive covenant converts that general public obligation into a private civil one, with definitive commercial consequences to your counterparty, hence the couching of the language in terms of materiality (twice) and specific ability to perform obligations under the ISDA Master Agreement.