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Template:M summ 2002 ISDA 5(a)(ii): Difference between revisions
Template:M summ 2002 ISDA 5(a)(ii) (view source)
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Amwelladmin (talk | contribs) (Created page with "Double negative heaven in 5(a)(ii)(1): '''not''' complying with an obligation that is '''not''' (''inter alia'') a payment obligation if '''not''' remedied within a mo...") |
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[[Double negative]] heaven in 5(a)(ii)(1): '''not''' complying with an obligation that is '''not''' (''[[inter alia]]'') a payment obligation if '''not''' remedied within a month. | [[Double negative]] heaven in {{isdaprov|5(a)(ii)}}(1): '''not''' complying with an obligation that is '''not''' (''[[inter alia]]'') a payment obligation if '''not''' remedied within a month. | ||
A failure to perform any agreement, if not cured within 30 days, is an {{isdaprov|Event of Default}}, except for | A failure to perform any agreement, if not cured within 30 days, is an {{isdaprov|Event of Default}}, except for | ||
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''[[ISDA]]{{tm}}. Never knowingly outfussed.{{tm}}'' | ''[[ISDA]]{{tm}}. Never knowingly outfussed.{{tm}}'' | ||
===It is an {{isdaprov|Event of Default}} not to supply {{isdaprov|documents for delivery}}=== | ===It is an {{isdaprov|Event of Default}} not to supply {{isdaprov|documents for delivery}}=== | ||
A failure to {{isdaprov|Furnish Specified Information}} — ie those {{isdaprov|documents for delivery}} specified in {{isdaprov|Part 3}} of the {{isdama}}, adverted to in Section {{isdaprov|4(a)(ii)}} ''will'' therefore be an {{isdaprov|Event of Default}}, although you have to navigate a needlessly tortured string of clause cross references and [[double negative|double negatives]] to settle upon this conclusion. | A failure to {{isdaprov|Furnish Specified Information}} — ie those {{isdaprov|documents for delivery}} specified in {{isdaprov|Part 3}} of the {{isdama}}, adverted to in Section {{isdaprov|4(a)(ii)}} ''will'' therefore be an {{isdaprov|Event of Default}}, although you have to navigate a needlessly tortured string of clause cross references and [[double negative|double negatives]] to settle upon this conclusion. | ||