Template:ISDA Master Agreement 2002 6(d): Difference between revisions
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{{isdaprov|6(d)}} '''{{isdaprov|Calculations; Payment Date}}'''. | |||
:(i) '''Statement'''. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section {{isdaprov|6(e)}} and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including any quotations, market data or information from internal sources used in making such calculations), (2) specifying (except where there are two {{isdaprov|Affected Parties}}) any {{isdaprov|Early Termination Amount}} payable and (3) giving details of the relevant account to which any amount payable to it is to be paid. | :(i) '''Statement'''. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section {{isdaprov|6(e)}} and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including any quotations, market data or information from internal sources used in making such calculations), (2) specifying (except where there are two {{isdaprov|Affected Parties}}) any {{isdaprov|Early Termination Amount}} payable and (3) giving details of the relevant account to which any amount payable to it is to be paid. | ||
:In the absence of written confirmation from the source of a quotation or market data obtained in determining a {{isdaprov|Close-out Amount}}, the records of the party obtaining such quotation or market data will be conclusive evidence of the existence and accuracy of such quotation or market data. | :In the absence of written confirmation from the source of a quotation or market data obtained in determining a {{isdaprov|Close-out Amount}}, the records of the party obtaining such quotation or market data will be conclusive evidence of the existence and accuracy of such quotation or market data. | ||
:(ii) '''Payment Date'''. An {{isdaprov|Early Termination Amount}} due in respect of any {{isdaprov|Early Termination Date}} will, together with any amount of interest payable pursuant to Section {{isdaprov|9(h)(ii)(2)}}, be payable (1) on the day on which notice of the amount payable is effective in the case of an {{isdaprov|Early Termination Date}} which is designated or occurs as a result of an {{isdaprov|Event of Default}} and (2) on the day which is two {{isdaprov|Local Business Days}} after the day on which notice of the amount payable is effective (or, if there are two {{isdaprov|Affected Parties}}, after the day on which the statement provided pursuant to clause (i) above by the second party to provide such a statement is effective) in the case of an {{isdaprov|Early Termination Date}} which is designated as a result of a {{isdaprov|Termination Event}}.<br> | :(ii) '''Payment Date'''. An {{isdaprov|Early Termination Amount}} due in respect of any {{isdaprov|Early Termination Date}} will, together with any amount of interest payable pursuant to Section {{isdaprov|9(h)(ii)(2)}}, be payable (1) on the day on which notice of the amount payable is effective in the case of an {{isdaprov|Early Termination Date}} which is designated or occurs as a result of an {{isdaprov|Event of Default}} and (2) on the day which is two {{isdaprov|Local Business Days}} after the day on which notice of the amount payable is effective (or, if there are two {{isdaprov|Affected Parties}}, after the day on which the statement provided pursuant to clause (i) above by the second party to provide such a statement is effective) in the case of an {{isdaprov|Early Termination Date}} which is designated as a result of a {{isdaprov|Termination Event}}.<br> |