The third part, point b), concerns the provision of non-tax documents and can often include the provision of a party`s constitutional documents and, in the case of a fund, the Fund`s prospectus, the investment management agreement, the annual report and the court`s statements. Negotiations generally focus on the timing of closing and, as has already been said, it is important to accept reasonable deadlines. For example.B annual reports often have to be submitted within 90 days, but it is customary for the holding of accounts of a smaller fund to take at least 4 months, if not more. Another requirement, often requested by Denfonds, is the opinion of counsel and a letter from the Fund`s trial officer (who could be the investment manager under jurisdiction) in which he agrees to act as a trial officer. Section 5 (a) (vi) (vi) of is proposing that a default event occur when a party (or its provider or credit support entity) is behind schedule with the borrowed money (as defined in the debt listed in the ISDA calendar) as part of an agreement with a third party above a certain threshold. This provision is often negotiated as follows: ISDA master contracts are required between two parties that trade derivatives under an over-the-counter agreement negotiated by the private sector, not through an established exchange. Most derivatives trading is done through private agreements. This set of documents is a unique agreement and this concept is an integral part of the application of the ISDA master contract and seeks to avoid what is commonly referred to as “cherry picking”.” The concept of a single agreement means that all transactions are a contract that gives counterparties the opportunity to enter into these transactions in the event of a delay and to generate too clear termination values in order to generate a unique net amount to be paid between the parties. The framework agreement and timetable define the reasons why one party may impose the closure of covered transactions due to the appearance of a termination event by the other party.