Common use of ISDA Form Clause in Contracts

ISDA Form. (a) All Hedging Documents (other than the Hedging Security Documents) will be based on 1992 or 2002 standard ISDA Agreements unless otherwise agreed by the Senior Agent. (b) If this proves not to be the case, such amendments shall be made to the Hedging Documents by the relevant Hedging Bank and Obligors as the Senior Agent (acting reasonably) considers are necessary, in order that this Deed may have the same effect in relation to the hedging transactions evidenced by such Hedging Documents as it would have had such Hedging Documents been based on 1992 or 2002 standard ISDA Agreements.

ISDA Form. (a) All Hedging Documents (other than the Hedging Security Documents) will be based on 2002 standard ISDA Agreements (or, in the event of Hedging Documents entered into before the date of this Agreement, 1992 or 2002 standard ISDA Agreements Agreements) unless otherwise agreed by the Senior Agent. (b) If this proves not to be the case, such amendments shall be made to the Hedging Documents by the relevant Hedging Bank and Obligors as the Senior Agent (acting reasonably) considers are necessary, in order that this Deed Agreement may have the same effect in relation to the hedging transactions evidenced by such Hedging Documents as it would have had had such Hedging Documents been based on 1992 or 2002 standard ISDA Agreements.