Template:Nutshell 2002 ISDA 6(a): Difference between revisions

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Revision as of 13:40, 3 October 2017 (view source) 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\|...")		Revision as of 13:41, 3 October 2017 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	{{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\|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>.		{{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\|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>. <br>