Template:Nutshell 2002 ISDA 6(d)

6(d) Calculations; Payment Date.

(i) Statement. As soon as practicable following an Early Termination Date, each party will calculate its Section 6(e) amount and give the other party a statement:

(1) showing reasonable detail of its calculations;

(2) specifying any Early Termination Amount payable; and

(3) giving its bank details for payment of the Early Termination Amount.

Its records of any quotation or market data it uses will be conclusive of their accuracy.

(ii) Payment Date. An Early Termination Amount due in respect of any Early Termination Date will, together with any applicable interest, be payable

(1) on the day its Section 6(d) statement is effective (if the Early Termination Date follows an Event of Default) and

(2) two Local Business Days after the day its Section 6(d) statement is effective (or, where there were two Affected Parties, after the second statement is effective) (where the Early Termination Date follows a Termination Event.