Template:ISDA Master Agreement 2002 6(e)(i): Difference between revisions
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{{isdaprov|6(e)(i)}} '''{{isdaprov|Events of Default}}'''. If the {{isdaprov|Early Termination Date}} results from an {{isdaprov|Event of Default}}, the Early <br>Termination Amount will be an amount equal to (1) the sum of (A) the {{isdaprov|Termination Currency Equivalent}} of <br>the {{isdaprov|Close-out Amount}} or {{isdaprov|Close-out Amount}}s (whether positive or negative) determined by the Non-<br>defaulting Party for each {{isdaprov|Terminated Transaction}} or group of {{isdaprov|Terminated Transaction}}s, as the case may be, <br>and (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid | {{isdaprov|6(e)(i)}} '''{{isdaprov|Events of Default}}'''. If the {{isdaprov|Early Termination Date}} results from an {{isdaprov|Event of Default}}, the Early <br>Termination Amount will be an amount equal to (1) the sum of (A) the {{isdaprov|Termination Currency Equivalent}} of <br>the {{isdaprov|Close-out Amount}} or {{isdaprov|Close-out Amount}}s (whether positive or negative) determined by the Non-<br>defaulting Party for each {{isdaprov|Terminated Transaction}} or group of {{isdaprov|Terminated Transaction}}s, as the case may be, <br>and (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amount}}s owing to the {{isdaprov|Non-defaulting Party}} less <br>(2) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amount}}s owing to the {{isdaprov|Defaulting Party}}. If the Early <br>Termination Amount is a positive number, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}; if it <br>is a negative number, the {{isdaprov|Non-defaulting Party}} will pay the absolute value of the {{isdaprov|Early Termination Amount}} <br>to the {{isdaprov|Defaulting Party}}. | ||
Revision as of 14:59, 19 September 2014
6(e)(i) Events of Default. If the Early Termination Date results from an Event of Default, the Early
Termination Amount will be an amount equal to (1) the sum of (A) the Termination Currency Equivalent of
the Close-out Amount or Close-out Amounts (whether positive or negative) determined by the Non-
defaulting Party for each Terminated Transaction or group of Terminated Transactions, as the case may be,
and (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less
(2) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If the Early
Termination Amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it
is a negative number, the Non-defaulting Party will pay the absolute value of the Early Termination Amount
to the Defaulting Party.