Template:Nutshell 2002 ISDA 6(e)(i): Difference between revisions

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Created page with "'''{{isdaprov|6(e)(i)}} {{isdaprov|Events of Default}}'''. On an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{isdaprov|Non-defaulting..."
 
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*{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus'''  
*{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus'''  
*{{isdaprov|Unpaid Amounts}} due to the Defaulting Party.
*{{isdaprov|Unpaid Amounts}} due to the Defaulting Party.
If the {{isdaprov|Early Termination Amount}} is positive, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}. If negative {{isdaprov|the Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}.
If the {{isdaprov|Early Termination Amount}} is positive, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}. If negative the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}.

Revision as of 18:49, 9 January 2018

6(e)(i) Events of Default. On an Early Termination Date following an Event of Default, the Non-defaulting Party will determine Early Termination Amount in the Termination Currency as the sum of:

If the Early Termination Amount is positive, the Defaulting Party will pay it to the Non-defaulting Party. If negative the Non-defaulting Party will pay its absolute value to the Defaulting Party.