Template:ISDA Master Agreement 2002 9(h)(ii): Difference between revisions

{{isdaprov|9(h)(ii)}} '''Early Termination'''. Upon the occurrence or effective designation of an Early Termination Date in <br>respect of a {{isdaprov|Transaction}}:―

:{{isdaprov|9(h)(ii)(1)}} '''Unpaid Amounts'''. For the purpose of determining an {{isdaprov|Unpaid Amount}} in respect of the <br>relevant {{isdaprov|Transaction}}, and to the extent permitted by applicable law, interest will accrue on the <br>amount of any payment obligation or the amount equal to the fair market value of any obligation <br>required to be settled by delivery included in such determination in the same currency as that <br>amount, for the period from (and including) the date the relevant obligation was (or would have <br>been but for Section {{isdaprov|2(a)(iii)}} or {{isdaprov|5(d)}}) required to have been performed to (but excluding) the <br>relevant {{isdaprov|Early Termination Date}}, at the {{isdaprov|Applicable Close-out Rate}}.<br>

:{{isdaprov|9(h)(ii)(2)}} '''Interest on Early Termination Amounts'''. If an {{isdaprov|Early Termination Amount}} is due in respect <br>of such {{isdaprov|Early Termination Date}}, that amount will, to the extent permitted by applicable law, be paid <br>together with interest (before as well as after judgment) on that amount in the Termination <br>Currency, for the period from (and including) such {{isdaprov|Early Termination Date}} to (but excluding) the <br>date the amount is paid, at the {{isdaprov|Applicable Close-out Rate}}.<br>