Termination Provisions - ISDA Provision

2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™ Schedule Part 1 in a Nutshell™ The JC’s Nutshell™ summaries are moving to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get them here. Sign up at Substack. Schedule Part 1 in all its glory Part 1. Termination Provisions. (a) “Specified Entity” means in relation to Party A for the purpose of:― Section 5(a)(v), [SPECIFY]. Section 5(a)(vi), [SPECIFY]. Section 5(a)(vii), [SPECIFY]. Section 5(b)(v), [SPECIFY]. and in relation to Party B for the purpose of:― Section 5(a)(v), [SPECIFY]. Section 5(a)(vi), [SPECIFY]. Section 5(a)(vii), [SPECIFY]. Section 5(b)(v), [SPECIFY]. (b) “Specified Transaction” [will have the meaning specified in Section 14 of this Agreement.][means [SPECIFY].] (c) The “Cross-Default” provisions of Section 5(a)(vi) [will][will not]* apply to Party A and [will][will not]* apply to Party B. [“Specified Indebtedness” [will have the meaning specified in Section 14 of this Agreement.][means [SPECIFY].] “Threshold Amount” means [SPECIFY].] (d) The “Credit Event Upon Merger” provisions of Section 5(a)(v) [will][will not]* apply to Party A and [will][will not]* apply to Party B. (e) The “Automatic Early Termination” provisions of Section 6(a) [will][will not]* apply to Party A and [will][will not]* apply to Party B. (f) “Termination Currency” [will have the meaning specified in Section 14 of this Agreement.][means [SPECIFY].] (g) Additional Termination Event [will][will not]* apply. [The following will constitute an Additional Termination Event:― [SPECIFY] For the purpose of the foregoing Termination Event, the Affected Party or Affected Parties will be:― [SPECIFY]. ] edit Related agreements and comparisons Click here for the text of Section Schedule Part 1 in the 1992 ISDA Template:Isdadiff Schedule Part 1 Resources and Navigation This provision in the 1992 Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project Navigation 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) Force Majeure Event • 5(b)(iii) Tax Event • 5(b)(iv) Tax Event Upon Merger • 5(b)(v) Credit Event Upon Merger • 5(b)(vi) Additional Termination Event Index: Click ᐅ to expand: 2002 ISDA - Premium 1992 ISDA - Premium Premium version of this page

Overview

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The first part of the ISDA Schedule, with the gory bits in it.

Part 1 - Termination Provisions

(a) Specified Entity
(b) Specified Transaction
(c) Cross Default
(d) Credit Event Upon Merger
(e) Automatic Early Termination
(f) Termination Currency
(g) Additional Termination Event

Summary

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See also

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