Effect of Designation - ISDA Provision: Difference between revisions

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==Section 6(c) {{1992ma}}==
{{isdasnap|6(c)}}
 
(c) Effect of Designation.
(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section 6(a)
({{isdaprov|Right to Terminate Following Event of Default}}) or (b) ({{isdaprov|Right to Terminate Following Termination Event}}),
the {{isdaprov|Early Termination Date}} will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}}
or {{isdaprov|Termination Event}} is then continuing.
(ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further
payments or deliveries under Section 2(a)(i) or 2(e) in respect of the {{isdaprov|Terminated Transaction}}s will
be required to be made, but [[without prejudice]] to the other provisions of this Agreement. The amount,
if any, payable in respect of an {{isdaprov|Early Termination Date}} shall be determined pursuant to Section 6(e)
({{isdaprov|Payments on Early Termination}}).
 
 
 
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