Terminated Transactions - ISDA Provision: Difference between revisions

Revision as of 09:48, 8 August 2012

1992 ISDA Template:ISDA Master Agreement 1992 Terminated Transactions Definition (view template)	2002 ISDA Template:ISDA Master Agreement 2002 Terminated Transactions Definition (view template)

1992 ISDA
Template:ISDA Master Agreement 1992 Terminated Transactions Definition Protocol
(view template)
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 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.
(view template)

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 {{isdasnap|Terminated Transactions Definition}}
 ==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}==
- "Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or
+{{isdaquote|{{ISDA Master Agreement 1992 Terminated Transactions Definition Protocol}}|Terminated Transactions|1992}}
- a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transaction}}s specified in the notice given pursuant to Section 6(b)(iv), (b) if
+{{isdaquote|{{ISDA Master Agreement 2002 Terminated Transactions Definition Protocol}}|Terminated Transactions|2002}}
- resulting from any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transaction}}s and (c) if resulting from an {{isdaprov|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.'''
 {{isdaanatomy}}