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

Template:Nutshell ISDA 6(a) (view source)

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	~~{{isdaprov\|~~6(a)}} '''{{isdaprov\|Termination 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>.		#redirect[[Template:Nutshell 2002 ISDA 6(a)]]