Template:Nutshell 2002 ISDA 6(a): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with "{{isdaprov|6(a)}} '''{{isdaprov|Right to Terminate following Event of Default}}'''. If there is an {{isdaprov|Event of Default}} with respect to a party (the “'''{{isdaprov|...") |
(No difference)
|
Revision as of 13:40, 3 October 2017
6(a) Right to Terminate 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