Template:Nutshell ISDA 6(a): Difference between revisions
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'''{{isdaprov|6(a)}} Termination following {{isdaprov|Event of Default}}'''. If there is an Event of Default with respect to a party (the “{{isdaprov|Defaulting Party}}”) 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< | '''{{isdaprov|6(a)}} Termination following {{isdaprov|Event of Default}}'''. If there is an Event of Default with respect to a party (the “{{isdaprov|Defaulting Party}}”) 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> |