1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual
Definition of Terminated Transactions in a Nutshell™
Use at your own risk, campers!
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Definition of Terminated Transactions in full
“Terminated Transactions” means with respect to any Early Termination Date
(in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early Termination” applies, immediately before that Early Termination Date).
Related agreements and comparisons
Click here for the text of Section Terminated Transactions in the 2002 ISDA
Click to compare this section in the 1992 ISDA and 2002 ISDA.
Resources and navigation
Resources Wikitext | Nutshell wikitext | 2002 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDANavigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Events of Default: 5(a)(i) Failure to Pay or Deliver • 5(a)(ii) Breach of Agreement • 5(a)(iii) Credit Support Default • 5(a)(iv) Misrepresentation • 5(a)(v) Default Under Specified Transaction • 5(a)(vi) Cross Default • 5(a)(vii) Bankruptcy • 5(a)(viii) Merger Without Assumption •
Termination Events: 5(b)(i) Illegality • 5(b)(ii) Tax Event • 5(b)(iii) Tax Event Upon Merger • 5(b)(iv) Credit Event Upon Merger • 5(b)(v) Additional Termination Event •
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The 2002 ISDA adds a little complexity to deal with Illegality and Force Majeure notices. Otherwise the same.
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