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Transfer to Avoid Termination Event - ISDA Provision: Difference between revisions
Transfer to Avoid Termination Event - ISDA Provision (view source)
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{{ | {{isdaanat|6(b)(ii)}} | ||
Note in the {{2002ma}} there is no reference here to {{isdaprov|Illegality}} (or for that matter {{isdaprov|Force Majeure}}, which did not exist under the {{1992ma}} but would have been included in this provision of the 1992 if it had.... if you see what I mean). | Note in the {{2002ma}} there is no reference here to {{isdaprov|Illegality}} (or for that matter {{isdaprov|Force Majeure}}, which did not exist under the {{1992ma}} but would have been included in this provision of the 1992 if it had.... if you see what I mean). | ||
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Note though that if an {{isdaprov|Unaffected Party}} does elect partial termination, the {{isdaprov|Affected Party}} has the right to terminate some or all of the remaining {{isdaprov|Transactions}} - this prevents {{isdaprov|Unaffected Parties}} being opportunistic. | Note though that if an {{isdaprov|Unaffected Party}} does elect partial termination, the {{isdaprov|Affected Party}} has the right to terminate some or all of the remaining {{isdaprov|Transactions}} - this prevents {{isdaprov|Unaffected Parties}} being opportunistic. | ||