Terminated Transactions - ISDA Provision: Difference between revisions

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=={{1992ma}}==
{{isdsnap|Terminated Transactions Definition}}
 
"Terminated Transactions" means with respect to any Early Termination Date (a) if resulting from a
Termination Event, all {{isdaprov|Affected Transaction}}s and (b) if resulting from an {{isdaprov|Event of Default}}, all {{isdaprov|Transaction}}s
(in either case) in effect immediately before the effectiveness of the notice designating that Early Termination
Date (or, if "'''{{isdaprov|Automatic Early Termination}}'''" applies, immediately before that Early Termination Date).
 
=={{2002ma}}==
 
"Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or
a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transaction}}s specified in the notice given pursuant to Section 6(b)(iv), (b) if
resulting from any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transaction}}s and (c) if resulting from an {{isdaprov|Event of Default}},
all Transactions in effect either immediately before the effectiveness of the notice designating that Early Termination
Date or, if {{isdaprov|Automatic Early Termination}} applies, immediately before that {{isdaprov|Early Termination Date}}.
 
==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}==
==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}==
  "Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or
  "Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or

Revision as of 09:42, 8 August 2012

Template:Isdsnap

Proposed ISDA Protocol Amendments as a result of adjustment to Section 2(a)(iii)

"Terminated Transactions" means, with respect to any Early Termination Date, (a) if resulting from an Illegality or
a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if
resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default,
all Transactions, in each case under which a party has or may have any obligation, including, without limitation,
an obligation to pay an amount that became payable (or would have become payable but for Section 2(a)(iii) or due
but for Section 5(d)) to the other party under Section 2(a)(i) or 2(d)(i)(4) on or prior to that Early Termination Date
and which remains unpaid as at such Early Termination Date.