Events of Default (Early Termination Payments) - ISDA Provision: Difference between revisions

Events of Default (Early Termination Payments) - ISDA Provision (view source)

450 bytes removed , 13 April 2020

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-{{isdaanat|6(e)(i)}}
+#redirect[[Payments on Early Termination - ISDA Provision]]
-The effect of this is that all {{isdaprov|transaction}}s are terminated and the recourse is to a net sum under Section {{isdaprov|6(e)}} of the {{isdama}} - NOT under the {{isdaprov|Transactions}}.
-Therefore, if your [[credit support]] (particularly [[guarantee]]s or [[LC|letters of credit]]) explicitly references the {{isdaprov|Transaction}}, you may lose any credit support at precisely the point you need it. Further commentary on the [[Guarantee]] page.
-{{seealso}}
-*[[Guarantee]]