Examples of 2002 ISDA Master Agreement in a sentence
In determining the Early Termination Amount, references to the “Determining Party” in the first paragraph of the definition of “Close-out Amount” in the deemed 2002 ISDA Master Agreement shall be deemed to be references to the “Non-affected Party”.
If such Adhering Parties have not entered such an agreement, unless otherwise specified in the applicable rules, protocol, or other form of agreement of the Sponsor of this Multilateral Master Confirmation, the Master Agreement shall be an agreement in the form of the 2002 ISDA Master Agreement (Multicurrency-Cross Border) without any Schedule, except the governing law shall be New York law and the Termination Currency or Base Currency (as the case may be) shall be U.S. Dollars.
Impossibility is now covered in the FXC Master Agreements, the 2002 ISDA Master Agreement, and, of course, IFXCO.
The more pressing need was to update the FXC Master Agreements in light of the 1999 force majeure provisions published by the FX Committee and the subsequent learning brought about in drafting new force majeure provisions in the 2002 ISDA Master Agreement.
This provision is similar to a provision in the 2002 ISDA Master Agreement that states the circumstances under which the head office of a party may be expected to perform when a branch cannot perform because of a force majeure event.
With respect to all Gas Transactions, the words “or delivery under Section 2(a)(i) or 2(e)” in the second line of Section 5(a)(i) of this Agreement and, if the pre-printed form portion of this Agreement is the 2002 ISDA Master Agreement form, the words “or the first Local Delivery Day in the case of any such delivery” and “, in each case,” in the third and fourth lines of Section 5(a)(i) of this Agreement, are hereby deleted.
In an international context, OTC derivative transactions are most frequently documented pursuant to a form of master agreement provided by ISDA, either a 1992 ISDA Master Agreement or a 2002 ISDA Master Agreement.
It was felt that this last provi- sion is often negotiated out of the FXC Master Agreements; further, it does not appear in the 2002 ISDA Master Agreement.
The GDSC has published a number of specific recommendations on its website,3 which were explicitly considered and adopted, with certain modifications, in the 2002 ISDA Master Agreement.
Party A and Party B have previously entered into that certain 2002 ISDA Master Agreement, dated as of May 20, 2013 (together with the Schedule thereto, the Credit Support Annex to the Schedule and each Confirmation exchanged thereunder, as amended on December 4, 2014, as further amended on September 26, 2014 and as further amended, supplemented or otherwise modified from time to time, the Agreement).