Template:Nutshell 2002 ISDA 6(e)(i): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "'''{{isdaprov|6(e)(i)}} {{isdaprov|Events of Default}}'''. On an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{isdaprov|Non-defaulting...") |
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*{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus''' | *{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus''' | ||
*{{isdaprov|Unpaid Amounts}} due to the Defaulting Party. | *{{isdaprov|Unpaid Amounts}} due to the Defaulting Party. | ||
If the {{isdaprov|Early Termination Amount}} is positive, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}. If negative {{isdaprov| | If the {{isdaprov|Early Termination Amount}} is positive, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}. If negative the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}. | ||
Revision as of 18:49, 9 January 2018
6(e)(i) Events of Default. On an Early Termination Date following an Event of Default, the Non-defaulting Party will determine Early Termination Amount in the Termination Currency as the sum of:
- the Close-out Amounts for each Terminated Transaction plus
- Unpaid Amounts due to the Non-defaulting Party; minus
- Unpaid Amounts due to the Defaulting Party.
If the Early Termination Amount is positive, the Defaulting Party will pay it to the Non-defaulting Party. If negative the Non-defaulting Party will pay its absolute value to the Defaulting Party.