Template:Nutshell ISDA 6(a): Difference between revisions

Revision as of 16:54, 6 October 2016

6(a) Termination following Event of Default. If there is an Event of Default with respect to a party (the “Defaulting Party”) the “Non-defaulting Party”) may designate an Early Termination Date for all outstanding Transactions.<reference>It happens automatically and immediately if Automatic Early Termination” applies and the Event of Default is a Bankruptcy<\reference>

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	'''{{isdaprov\|6(a)}} Termination following {{isdaprov\|Event of Default}}'''. If there is an Event of Default with respect to a party (the “{{isdaprov\|Defaulting Party}}”) the “{{isdaprov\|Non-defaulting Party}}”) may designate an {{isdaprov\|Early Termination Date}} for all outstanding {{isdaprov\|Transactions}}.<~~ref~~>It happens automatically and immediately if {{isdaprov\|Automatic Early Termination}}” applies and the {{isdaprov\|Event of Default}} is a Bankruptcy<\~~ref~~>		'''{{isdaprov\|6(a)}} Termination following {{isdaprov\|Event of Default}}'''. If there is an Event of Default with respect to a party (the “{{isdaprov\|Defaulting Party}}”) the “{{isdaprov\|Non-defaulting Party}}”) may designate an {{isdaprov\|Early Termination Date}} for all outstanding {{isdaprov\|Transactions}}.<reference>It happens automatically and immediately if {{isdaprov\|Automatic Early Termination}}” applies and the {{isdaprov\|Event of Default}} is a Bankruptcy<\reference>