Template:M summ 2018 CSD 8(a)

“If there is a Secured Party Rights Event ...” sounds casual, nonchalant, easy-to-navigate sort of a question, doesn’t it. Hold on to that thought as you stumble into the purgatorial torture chamber — no, no; that is not an oxymoron: the precise instrument of torture that ISDA’s crack drafting squad™ favours most is a form of grey, entropic monotony, that cold, incessant drip on your forehead that you would expect in purgatory and not the ninth circle of hell — that is the ’squad’s definition of “Secured Party Rights Event”. Above the door to that chambre d’ennuyeux is inscribed: “abandon hope, all ye who enter here”.

Oh, how you will regret that you ever asked.