Cross Default Carve-out for Administrative Error
Description
This AI field captures carve-out language in International Swaps and Derivatives Association agreements which excludes payment delays caused by operational and/or administrative error from triggering an event of default, provided such delay is remedied within a certain period of time.
Jurisdiction
- Canada (Ontario)
- United Kingdom (England)
- United States (New York)
Document Types
- 100% Structured Finance Agt
Tags
- Recession Planning — ISDA
Language
- 100% English