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| ==Section 6(c) {{1992ma}}==
| | {{isdasnap|6(c)}} |
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| (c) Effect of Designation.
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|
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| (i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section 6(a)
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| ({{isdaprov|Right to Terminate Following Event of Default}}) or (b) ({{isdaprov|Right to Terminate Following Termination Event}}),
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| the {{isdaprov|Early Termination Date}} will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}}
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| or {{isdaprov|Termination Event}} is then continuing.
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| (ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further
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| payments or deliveries under Section 2(a)(i) or 2(e) in respect of the {{isdaprov|Terminated Transaction}}s will
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| be required to be made, but [[without prejudice]] to the other provisions of this Agreement. The amount,
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| if any, payable in respect of an {{isdaprov|Early Termination Date}} shall be determined pursuant to Section 6(e)
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| ({{isdaprov|Payments on Early Termination}}).
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| {{isdaanatomy}} | | {{isdaanatomy}} |
Revision as of 09:39, 27 July 2012
In gory detail
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1992 ISDA
6(c) Effect of Designation.
- 6(c)(i) If notice designating an Early Termination Date is given under Section 6(a) or 6(b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.
- 6(c)(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).
(view template)
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2002 ISDA
6(c) Effect of Designation.
- (i) If notice designating an Early Termination Date is given under Section 6(a) or 6(b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing. (ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 9(h)(i) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date will be determined pursuant to Sections 6(e) and 9(h)(ii).
(view template)
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