Template:Nutshell ISDA 6(a): Difference between revisions

Revision as of 12:31, 17 November 2016

6(a) Termination following Event of Default. If there is an Event of Default with respect to a party (the “Defaulting Party”) the other one (the “Non-defaulting Party”) may designate an Early Termination Date for all outstanding Transactions.^[1]

↑ It happens automatically and immediately if Automatic Early Termination applies and the Event of Default is a Bankruptcy

Revision as of 12:31, 17 November 2016 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary ← Older edit		Revision as of 12:31, 17 November 2016 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary Newer edit →
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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</ref>		'''{{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 other one (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>