Template:ISDA Master Agreement 1992 6(c): Difference between revisions

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{{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''.  
{{isda92prov|6(c)}} '''{{isda92prov|Effect of Designation}}'''.  
:(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section {{isdaprov|6(a)}}  or {{isdaprov|6(b)}}, the Early Termination Date will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} is then continuing. (ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further payments or deliveries under Section {{isdaprov|2(a)(i)}} or {{isdaprov|2(e)}} in respect of the {{isdaprov|Terminated Transaction}}s will  be required to be made, but [[without prejudice]] to the other provisions of this Agreement. The amount, if any, payable in respect of an {{isdaprov|Early Termination Date}} shall be determined pursuant to Section {{isdaprov|6(e)}}. <br />
:{{isda92prov|6(c)(i)}} If notice designating an {{isda92prov|Early Termination Date}} is given under Section {{isda92prov|6(a)}}  or {{isda92prov|6(b)}}, the Early Termination Date will occur on the date so designated, whether or not the relevant {{isda92prov|Event of Default}} or {{isda92prov|Termination Event}} is then continuing.  
:{{isda92prov|6(c)(ii)}} Upon the occurrence or effective designation of an {{isda92prov|Early Termination Date}}, no further payments or deliveries under Section {{isda92prov|2(a)(i)}} or {{isda92prov|2(e)}} in respect of the {{isda92prov|Terminated Transaction}}s will  be required to be made, but [[without prejudice]] to the other provisions of this Agreement. The amount, if any, payable in respect of an {{isda92prov|Early Termination Date}} shall be determined pursuant to Section {{isda92prov|6(e)}}. <br />

Latest revision as of 10:06, 20 April 2020

6(c) Effect of Designation.

6(c)(i) If notice designating an Early Termination Date is given under Section 6(a) or 6(b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.
6(c)(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).
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