Terminated Transactions - ISDA Provision: Difference between revisions
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Termination Event, all {{isdaprov|Affected Transaction}}s and (b) if resulting from an {{isdaprov|Event of Default}}, all {{isdaprov|Transaction}}s | Termination Event, all {{isdaprov|Affected Transaction}}s and (b) if resulting from an {{isdaprov|Event of Default}}, all {{isdaprov|Transaction}}s | ||
(in either case) in effect immediately before the effectiveness of the notice designating that Early Termination | (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination | ||
Date (or, if "'''{{isdaprov|Automatic Early Termination}}" applies, immediately before that Early Termination Date). | Date (or, if "'''{{isdaprov|Automatic Early Termination}}'''" applies, immediately before that Early Termination Date). | ||
=={{2002ma}}== | =={{2002ma}}== |
Revision as of 15:50, 19 July 2012
1992 ISDA
"Terminated Transactions" means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if "Automatic Early Termination" applies, immediately before that Early Termination Date).
2002 ISDA
"Terminated Transactions" means, with respect to any Early Termination Date, (a) if resulting from an Illegality or a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default, all Transactions in effect either immediately before the effectiveness of the notice designating that Early Termination Date or, if Automatic Early Termination applies, immediately before that Early Termination Date.
Proposed ISDA Protocol Amendments as a result of adjustment to Section 2(a)(iii)
"Terminated Transactions" means, with respect to any Early Termination Date, (a) if resulting from an Illegality or a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default, all Transactions, in each case under which a party has or may have any obligation, including, without limitation, an obligation to pay an amount that became payable (or would have become payable but for Section 2(a)(iii) or due but for Section 5(d)) to the other party under Section 2(a)(i) or 2(d)(i)(4) on or prior to that Early Termination Date and which remains unpaid as at such Early Termination Date.