Template:Nutshell ISDA Master 6(a)

From The Jolly Contrarian
Revision as of 15:01, 17 September 2015 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search

6(a) Right to Terminate Following Event of Default
If an Event of Default exists for a Defaulting Party the Non-defaulting Party may designate a day on or after the notice date as an Early Termination Date for all outstanding Transactions.
If Automatic Early Termination applies to a Defaulting Party such an Early Termination Date will occur immediately upon a Bankruptcy Event of Default (other than 5(a)(vii) (2), (4) or (7) immediately before institution of the relevant proceeding.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:Nutshell_ISDA_Master_6(a)&oldid=9934"