Terminated Transactions - ISDA Provision: Difference between revisions
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{{isdsnap|Terminated Transactions Definition}} | |||
==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}== | ==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}== | ||
"Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or | "Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or | ||
Revision as of 09:42, 8 August 2012
Proposed ISDA Protocol Amendments as a result of adjustment to Section 2(a)(iii)
"Terminated Transactions" means, with respect to any Early Termination Date, (a) if resulting from an Illegality or a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default, all Transactions, in each case under which a party has or may have any obligation, including, without limitation, an obligation to pay an amount that became payable (or would have become payable but for Section 2(a)(iii) or due but for Section 5(d)) to the other party under Section 2(a)(i) or 2(d)(i)(4) on or prior to that Early Termination Date and which remains unpaid as at such Early Termination Date.