Template:ISDA Master Agreement 2002 6(c): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''. <br>:(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section {{isdaprov|6(a)}} or {..." |
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{{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''. <br>:(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section {{isdaprov|6(a)}} or {{isdaprov|6(b)}}, the Early <br>Termination Date will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}} or <br>{{isdaprov|Termination Event}} is then continuing. <br>(ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further payments or <br>deliveries under Section {{isdaprov|2(a)(i)}} or {{isdaprov|9(h)(i)}} in respect of the {{isdaprov|Terminated Transactions}} will be required to be <br>made, but without prejudice to the other provisions of this {{isdaprov|Agreement}}. The amount, if any, payable in <br>respect of an {{isdaprov|Early Termination Date}} will be determined pursuant to Sections {{isdaprov|6(e)}} and {{isdaprov|9(h)(ii)}}. <br> | {{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''. <br> | ||
:(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section {{isdaprov|6(a)}} or {{isdaprov|6(b)}}, the Early <br>Termination Date will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}} or <br>{{isdaprov|Termination Event}} is then continuing. <br>(ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further payments or <br>deliveries under Section {{isdaprov|2(a)(i)}} or {{isdaprov|9(h)(i)}} in respect of the {{isdaprov|Terminated Transactions}} will be required to be <br>made, but without prejudice to the other provisions of this {{isdaprov|Agreement}}. The amount, if any, payable in <br>respect of an {{isdaprov|Early Termination Date}} will be determined pursuant to Sections {{isdaprov|6(e)}} and {{isdaprov|9(h)(ii)}}. <br> | |||
Revision as of 09:45, 27 July 2012
- (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).