Template:ISDA Master Agreement 1992 6(e)(i): Difference between revisions
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:(1) '''{{isda92prov|First Method}} and {{isda92prov|Market Quotation}}'''. If the First Method and Market Quotation apply, the {{isda92prov|Defaulting Party}} will pay to the {{isda92prov|Non-defaulting Party}} the excess, if a positive number, of (A) the sum of the {{isda92prov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isda92prov|Terminated Transactions}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the Non-defaulting Party over (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. | :(1) '''{{isda92prov|First Method}} and {{isda92prov|Market Quotation}}'''. If the First Method and Market Quotation apply, the {{isda92prov|Defaulting Party}} will pay to the {{isda92prov|Non-defaulting Party}} the excess, if a positive number, of (A) the sum of the {{isda92prov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isda92prov|Terminated Transactions}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the Non-defaulting Party over (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. | ||
:(2) '''{{isda92prov|First Method}} and {{isda92prov|Loss}}'''. If the First Method and Loss apply, the {{isda92prov|Defaulting Party}} will pay to the {{isda92prov|Non-defaulting Party}}, if a positive number, the Non-defaulting Party’s {{isda92prov|Loss}} in respect of this {{isda92prov|Agreement}}. | :(2) '''{{isda92prov|First Method}} and {{isda92prov|Loss}}'''. If the First Method and Loss apply, the {{isda92prov|Defaulting Party}} will pay to the {{isda92prov|Non-defaulting Party}}, if a positive number, the Non-defaulting Party’s {{isda92prov|Loss}} in respect of this {{isda92prov|Agreement}}. | ||
:(3) '''{{isda92prov|Second Method and Market Quotation}}'''. If the {{isda92prov|Second Method}} and {{isda92prov|Market Quotation}} apply, an amount will be payable equal to (A) the sum of the {{isda92prov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isda92prov|Terminated Transactions}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Non-defaulting Party}} less (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. If that amount is a positive number, the {{isda92prov|Defaulting Party}} will pay it to the {{isda92prov|Non-defaulting Party}}; if it is a negative number, the {{isda92prov|Non-defaulting Party}} will pay the absolute value of that amount to the {{isda92prov|Defaulting Party}}. | :(3) '''{{isda92prov|Second Method}} and {{isda92prov|Market Quotation}}'''. If the {{isda92prov|Second Method}} and {{isda92prov|Market Quotation}} apply, an amount will be payable equal to (A) the sum of the {{isda92prov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isda92prov|Terminated Transactions}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Non-defaulting Party}} less (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. If that amount is a positive number, the {{isda92prov|Defaulting Party}} will pay it to the {{isda92prov|Non-defaulting Party}}; if it is a negative number, the {{isda92prov|Non-defaulting Party}} will pay the absolute value of that amount to the {{isda92prov|Defaulting Party}}. | ||
:(4) '''{{isda92prov|Second Method}} and {{isda92prov|Loss}}'''. If the {{isda92prov|Second Method}} and {{isda92prov|Loss}} apply, an amount will be payable equal to the {{isda92prov|Non-defaulting Party}}’s {{isda92prov|Loss}} in respect of this {{isda92prov|Agreement}}. If that amount is a positive number, the {{isda92prov|Defaulting Party}} will pay it to the {{isda92prov|Non-defaulting Party}}; if it is a negative number, the {{isda92prov|Non-defaulting Party}} will pay the absolute value of that amount to the {{isda92prov|Defaulting Party}}. <br> | :(4) '''{{isda92prov|Second Method}} and {{isda92prov|Loss}}'''. If the {{isda92prov|Second Method}} and {{isda92prov|Loss}} apply, an amount will be payable equal to the {{isda92prov|Non-defaulting Party}}’s {{isda92prov|Loss}} in respect of this {{isda92prov|Agreement}}. If that amount is a positive number, the {{isda92prov|Defaulting Party}} will pay it to the {{isda92prov|Non-defaulting Party}}; if it is a negative number, the {{isda92prov|Non-defaulting Party}} will pay the absolute value of that amount to the {{isda92prov|Defaulting Party}}. <br> | ||
Latest revision as of 15:01, 16 March 2020
6(e)(i) Events of Default. If the Early Termination Date results from an Event of Default: —
- (1) First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.
- (2) First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.
- (3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that 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 that amount to the Defaulting Party.
- (4) Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that 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 that amount to the Defaulting Party.