Waiting Period - ISDA Provision
2002 ISDA Master Agreement
Section Waiting Period in a Nutshell™
Full text of Section Waiting Period
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There is no “Waiting Period” in the 1992 ISDA.
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Summary
The Waiting Period for Illegality (Section 5(b)(i)) is three Local Business Days; for a Force Majeure Event (5(b)(ii) it is 8 Local Business Days.
There are no waiting periods in the 1992 ISDA.
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See also
- Section 5(d) and what to do if you have an Illegality or a Force Majeure Event