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Template:Difference between Affected Party and Defaulting Party: Difference between revisions
Template:Difference between Affected Party and Defaulting Party (view source)
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{| class="wikitable" | {| class="wikitable" | ||
|+ In tabular form|- | |+ In tabular form|[[JC]]’s cut-out-and-keep{{tm}} guide to terminating {{isdaprov|Transactions}} | ||
! Event !! How many affected !! What happens | ! Event !! How many affected !! What happens | ||
|- | |- | ||
| | | | ||
==== {{isdaprov|Events of Default}} ==== | ===== {{isdaprov|Events of Default}} ===== | ||
[[Q.E.D.]] there is only one {{isdaprov|Defaulting Party}}: <br> | [[Q.E.D.]] there is only one {{isdaprov|Defaulting Party}}: <br> | ||
{{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}} <br> | {{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}} <br> | ||
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====Termination Events where there is only one Affected Party ==== | =====Termination Events where there is only one Affected Party ===== | ||
And this odd rider in Section {{isdaprov|6(e)(ii)(3)}} requiring a midmarket price does not apply: <br> | And this odd rider in Section {{isdaprov|6(e)(ii)(3)}} requiring a midmarket price does not apply: <br> | ||
{{isdaprov|5(b)(iii)}} {{isdaprov|Tax Event}} <br> | {{isdaprov|5(b)(iii)}} {{isdaprov|Tax Event}} <br> | ||
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====Termination Events where there is only one Affected Party ''but'' ... ==== | =====Termination Events where there is only one Affected Party ''but'' ... ===== | ||
This odd rider in Section {{isdaprov|6(e)(ii)(3)}} requiring a midmarket price ''does'' apply: <br> | This odd rider in Section {{isdaprov|6(e)(ii)(3)}} requiring a midmarket price ''does'' apply: <br> | ||
{{isdaprov|5(b)(i)}} {{isdaprov|Illegality}} <br> | {{isdaprov|5(b)(i)}} {{isdaprov|Illegality}} <br> | ||
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===={{isdaprov|Termination Events}} where there are two {{isdaprov|Affected Parties}}==== | ====={{isdaprov|Termination Events}} where there are two {{isdaprov|Affected Parties}}===== | ||
{{isdaprov|5(b)(i)}} {{isdaprov|Illegality}} <br> | {{isdaprov|5(b)(i)}} {{isdaprov|Illegality}} <br> | ||
{{isdaprov|5(b)(ii)}} {{isdaprov|Force Majeure Event}} <br> | {{isdaprov|5(b)(ii)}} {{isdaprov|Force Majeure Event}} <br> | ||