Template:Nutshell 2002 ISDA 6(e)(iv)
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- 6(e)(iv) Adjustment for Illegality or Force Majeure Event. The failure by a party or its Credit Support Provider to pay an Early Termination Amount when due will not be a Failure to Pay or Deliver or a Credit Support Default if caused by an event or circumstance which amount to an Illegality or a Force Majeure Event under a Transaction. Such a failure will:
- (1) accrue interest and will be treated as an Unpaid Amount for a subsequent Early Termination Date resulting from an Event of Default, a Credit Event Upon Merger or an Additional Termination Event affecting all outstanding Transactions; and
- (2) otherwise accrue interest in accordance with Section 9(h)(ii)(2).