Template:Nutshell ISDA 6(a): Difference between revisions
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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 other one (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> | ||
Revision as of 12:31, 17 November 2016
6(a) Termination following Event of Default. If there is an Event of Default with respect to a party (the “Defaulting Party”) the other one (the “Non-defaulting Party”) may designate an Early Termination Date for all outstanding Transactions.[1]
- ↑ It happens automatically and immediately if Automatic Early Termination applies and the Event of Default is a Bankruptcy