Template:Nutshell ISDA 6(a): Difference between revisions

Revision as of 13:38, 3 October 2017

↑ It happens automatically and immediately if Automatic Early Termination applies and the Event of Default is a Bankruptcy

Revision as of 13:38, 3 October 2017 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary ← Older edit		Revision as of 13:38, 3 October 2017 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary Newer edit →
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	{{isdaprov\|6(a)}} '''{{isdaprov\|Right to ~~terminate~~ following Event of Default}}'''. If there is an {{isdaprov\|Event of Default}} with respect to a party (the “'''{{isdaprov\|Defaulting Party}}'''”) the other one (the “'''{{isdaprov\|Non-defaulting Party}}'''”) may designate an {{isdaprov\|Early Termination Date}} for all outstanding {{isdaprov\|Transactions}}.<ref>It happens automatically and immediately if {{isdaprov\|Automatic Early Termination}} applies and the {{isdaprov\|Event of Default}} is a Bankruptcy</ref>.		{{isdaprov\|6(a)}} '''{{isdaprov\|Right to Terminate following Event of Default}}'''. If there is an {{isdaprov\|Event of Default}} with respect to a party (the “'''{{isdaprov\|Defaulting Party}}'''”) the other one (the “'''{{isdaprov\|Non-defaulting Party}}'''”) may designate an {{isdaprov\|Early Termination Date}} for all outstanding {{isdaprov\|Transactions}}.<ref>It happens automatically and immediately if {{isdaprov\|Automatic Early Termination}} applies and the {{isdaprov\|Event of Default}} is a Bankruptcy</ref>.