Calculation of the Termination Amount - EFET Allowance Provision

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2007 EFET General Agreement
Version 2.1(a) (Power)

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§ 11 Calculation of the Termination Amount. § 11 of the General Agreement is hereby amended for purposes of calculating any Allowances Termination Amount concerning one or more Allowance Transactions by:
(i) the addition of the following words to § 11.2 (Settlement Amount) at the end of the definition of § 11.2(a) (Costs):
“including, in the event that an EEP or EEP Equivalent is applicable to an Allowance Transaction, any EEP or EEP Equivalent actually assessed and not later reduced or recovered”; and
(ii) the addition of the following words after the words: “any replacement transactions.”, at the end of the last sentence:
“For the avoidance of doubt, where applicable, the Cost of Carry Amount or the Default Cost of Carry Amount (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.”


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