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| Those with a keen eye will notice that, but for the title, Section 6(a) of the [[2002 ISDA Master]] is the same as Section 6(s) of the [[1992 ISDA Master]].
| | {{newisdamanual|6(a)}} |
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| ==Section 6(a) of the {{1992ma}}==
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| (a) ''Right to Terminate Following Event of Default''. If at any time an {{isdaprov|Event of Default}} with respect to
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| a party (the “[[Defaulting Party]]”) has occurred and is then continuing, the other party (the “{{isdaprov|Non-defaulting Party}}”)
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| may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day
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| not earlier than the day such notice is effective as an {{isdaprov|Early Termination Date}} in respect of all outstanding
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| {{isdaprov|Transaction}}s. If, however, “{{isdaprov|Automatic Early Termination}}” is specified in the Schedule as applying to a party,
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| then an {{isdaprov|Early Termination Date}} in respect of all outstanding Transactions will occur immediately upon the occurrence
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| with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent
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| analogous thereto, (8), ({{isdaprov|Bankuptcy}}) and as of the time immediately preceding the institution of the relevant
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| proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of
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| Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).
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| ==Section 6(a) of the {{2002ma}}==
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| (a) ''Right to Terminate Following Event of Default''. If at any time an {{isdaprov|Event of Default}} with respect to
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| a party (the “{{isdaprov|Defaulting Party}}”) has occurred and is then continuing, the other party (the “{{isdaprov|Non-defaulting Party}}”)
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| may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day
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| not earlier than the day such notice is effective as an {{isdaprov|Early Termination Date}} in respect of all outstanding
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| {{isdaprov|Transaction}}s. If, however, “{{isdaprov|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
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| with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent
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| analogous thereto, (8), ({{isdaprov|Bankuptcy}}) and as of the time immediately preceding the institution of the relevant
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| proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of
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| Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).
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| {{isdaanatomy}}
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| *{{isdaprov|Effect of Designation}}
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