Template:Nutshell 2002 ISDA 6(e)(i)

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:

(a)*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.