Template:ISDA Master Agreement 2002 6(e)(i): Difference between revisions

:{{isdaprov|6(e)(i)}} '''{{isdaprov|Events of Default}}'''. If the {{isdaprov|Early Termination Date}} results from an {{isdaprov|Event of Default}}, the Early Termination Amount will be an amount equal to (1) the sum of (A) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Close-out Amount}} or {{isdaprov|Close-out Amount}}s (whether positive or negative) determined by the Non-defaulting Party for each {{isdaprov|Terminated Transaction}} or group of {{isdaprov|Terminated Transaction}}s, as the case may be, and (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Non-defaulting Party}} less (2) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Defaulting Party}}. If the Early Termination Amount is a positive number, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}; if it is a negative number, the {{isdaprov|Non-defaulting Party}} will pay the absolute value of the {{isdaprov|Early Termination Amount}} to the {{isdaprov|Defaulting Party}}. <br>