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Once the {{isdaprov|Waiting Period}} expires, it will be a {{isdaprov|Termination Event}} entitling either party to terminate some or all {{isdaprov|Affected Transactions}}. Partial termination is permitted because the impact on an event on each {{isdaprov|Transaction}} may differ from case to case (eg transactions forming part of a structured financing like a repack or a CDO) might not be easily replaced, so the disadvantages of terminating may outweight the advantages. | Once the {{isdaprov|Waiting Period}} expires, it will be a {{isdaprov|Termination Event}} entitling either party to terminate some or all {{isdaprov|Affected Transactions}}. Partial termination is permitted because the impact on an event on each {{isdaprov|Transaction}} may differ from case to case (eg transactions forming part of a structured financing like a repack or a CDO) might not be easily replaced, so the disadvantages of terminating may outweight the advantages. | ||
Note though that if an {{isdaprov| | Note though that if an {{isdaprov|Non-Affected 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|Non-Affected Parties}} being opportunistic. Heaven forfend. |