Template:Nutshell 2002 ISDA 6(f): Difference between revisions
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*convert one such amount into the other’s currency at a commercially reasonable rate. | *convert one such amount into the other’s currency at a commercially reasonable rate. | ||
*make a good faith estimate of any unascertained obligation, provided it accounts for any difference when such an amount is finally ascertained. <br> | *make a good faith estimate of any unascertained obligation, provided it accounts for any difference when such an amount is finally ascertained. <br> | ||
The {{isdaprov|Innocent Party}} must give notice of any set-off. | The {{isdaprov|Innocent Party}} must give notice of any set-off. This clause does not create any security interest.<br> | ||
This clause does not create | |||
Revision as of 16:53, 11 January 2016
6(f) An Innocent Party may set-off any part of an Early Termination Amount (in respect of all outstanding Transactions) against any “Other Amounts” payable under any agreement between the parties.
To do so it may:
- convert one such amount into the other’s currency at a commercially reasonable rate.
- make a good faith estimate of any unascertained obligation, provided it accounts for any difference when such an amount is finally ascertained.
The Innocent Party must give notice of any set-off. This clause does not create any security interest.