Template:Nutshell 2002 ISDA 6(f): Difference between revisions
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{{isdaprov|6(f)}} An {{isdaprov|Innocent Party}} may set-off any part of an {{isdaprov|Early Termination Amount}} | {{isdaprov|6(f)}} An {{isdaprov|Innocent Party}} may set-off any part of an {{isdaprov|Early Termination Amount}} payable by a {{isdaprov|Payer}} to the {{isdaprov|Payee}} against any {{isdaprov|Other Amounts}} payable by the {{isdaprov|Payee}} to the {{isdaprov|Payer}} under any other agreement. <br> | ||
To do so it may: | To do so it may: | ||
Revision as of 13:00, 7 June 2016
6(f) An Innocent Party may set-off any part of an Early Termination Amount payable by a Payer to the Payee against any Other Amounts payable by the Payee to the Payer under any other agreement.
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.