Template:Nutshell 2002 ISDA 6(e)(i): Difference between revisions
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Revision as of 08:22, 18 April 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:
- the Close-out Amounts for each Terminated Transaction plus
- Unpaid Amounts due to the Non-defaulting Party; minus
- Unpaid Amounts due to the Defaulting Party.
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.