Automatic Early Termination - ISDA Provision: Difference between revisions

Automatic Early Termination - ISDA Provision (view source)

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 *'''AET under the {{1987ma}}''': Note the somewhat difficult position for AET under the {{1987ma}} - a discussion at that article.
-==Automatic Early Termination under the {{1992ma}}==
+{{isdasnap|6(a)}}
- If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an
- {{isdaprov|Early Termination Date}} in respect of all outstanding Transactions will occur immediately upon the occurrence
- with respect to such party of an {{isdaprov|Event of Default}} specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the
- extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant
- proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an
- Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).
 ==Analysis==