(d)(iv) Abandonment of Scheme
- (1) If before the Delivery Date the European Community officially discontinues the Scheme either party may terminate the Transaction by notice, there will be no further delivery or payment obligations (other than payments due for already-performed deliveries) and no payments will be due under Section 6(e).
- (2) Upon such a termination:
- Forward Transactions and Calls: Delivering Party must promptly refund to Receiving Party amount Receiving Party has paid under Allowance Forward Transactions and Calls;
- Puts: Receiving Party must promptly refund any amounts Delivering Party paid under a Put
- together with interest from the payment date to termination date, at the prevailing overnight deposit rate in the interbank market.