Template:EFET Allowance Annex 11: Difference between revisions
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§ {{efetaprov|11}} '''{{efetaprov|Calculation of the Termination Amount}}'''. § {{efetprov|11}} of the {{efetprov|General Agreement}} is hereby amended for purposes of calculating any {{efetaprov|Allowance}}s Termination Amount concerning one or more {{efetaprov|Allowance Transaction}}s by: | § {{efetaprov|11}} '''{{efetaprov|Calculation of the Termination Amount}}'''. § {{efetprov|11}} of the {{efetprov|General Agreement}} is hereby amended for purposes of calculating any {{efetaprov|Allowance}}s Termination Amount concerning one or more {{efetaprov|Allowance Transaction}}s by: | ||
:(i) the addition of the following words to § {{efetprov|11.2}} (''{{efetprov|Settlement Amount}}'') at the end of the definition of § {{efetprov|11.2(a)}} (''{{efetprov|Costs}}''): “including, in the event that an {{efetaprov|EEP}} or {{efetaprov|EEP Equivalent}} is applicable to an {{efetaprov|Allowance Transaction}}, any {{efetaprov|EEP}} or {{efetaprov|EEP Equivalent}} actually assessed and not later reduced or recovered”; and | :(i) the addition of the following words to § {{efetprov|11.2}} (''{{efetprov|Settlement Amount}}'') at the end of the definition of § {{efetprov|11.2(a)}} (''{{efetprov|Costs}}''): | ||
:(ii) the addition of the following words after the words: “any replacement transactions.”, at the end of the last sentence: “For the avoidance of doubt, where applicable, the {{efetaprov|Cost of Carry Amount}} or the {{efetaprov|Default Cost of Carry Amount}} (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.” <br> | |||
::“including, in the event that an {{efetaprov|EEP}} or {{efetaprov|EEP Equivalent}} is applicable to an {{efetaprov|Allowance Transaction}}, any {{efetaprov|EEP}} or {{efetaprov|EEP Equivalent}} actually assessed and not later reduced or recovered”; and | |||
:(ii) the addition of the following words after the words: “any replacement transactions.”, at the end of the last sentence: | |||
::“For the avoidance of doubt, where applicable, the {{efetaprov|Cost of Carry Amount}} or the {{efetaprov|Default Cost of Carry Amount}} (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.” <br> | |||
Latest revision as of 10:57, 13 September 2023
§ 11 Calculation of the Termination Amount. § 11 of the General Agreement is hereby amended for purposes of calculating any Allowances Termination Amount concerning one or more Allowance Transactions by:
- (i) the addition of the following words to § 11.2 (Settlement Amount) at the end of the definition of § 11.2(a) (Costs):
- “including, in the event that an EEP or EEP Equivalent is applicable to an Allowance Transaction, any EEP or EEP Equivalent actually assessed and not later reduced or recovered”; and
- (ii) the addition of the following words after the words: “any replacement transactions.”, at the end of the last sentence:
- “For the avoidance of doubt, where applicable, the Cost of Carry Amount or the Default Cost of Carry Amount (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.”
- “For the avoidance of doubt, where applicable, the Cost of Carry Amount or the Default Cost of Carry Amount (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.”