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