Template:Nutshell EUA Annex (d)(i)(4): Difference between revisions

:then at the end of the relevant period, an {{isdaprov|Illegality}} will occur where the relevant {{euaprov|EU Emissions Allowance Transaction}} is the sole {{isdaprov|Affected Transaction}}, both parties are {{isdaprov|Affected Parties}}, no {{isdaprov|Waiting Period}} will apply and, if an {{isdaprov|Early Termination Date}} results, then, when determining any {{isdaprov|Early Termination Amount}} payable in respect of that {{isdaprov|Early Termination Date}}:  

::(i) if “Payment on Termination for Settlement Disruption” applies the requirement to perform the suspended obligations will resume on the {{isdaprov|Early Termination Date}}; or

::(ii) if “Payment on Termination for Settlement Disruption” does not apply, the parties will have no further delivery or payment obligations under the {{isdaprov|Transaction}} after the {{euaprov|Settlement Disruption Event}} (other than in respect of any {{isdaprov|Unpaid Amounts}}); provided that:

::other than in respect of delivered {{euaprov|Allowance}}s, together with interest on that amount in the same currency as that amount for the period from (and including) the date that amount was paid to (but excluding) the date of termination of the {{isdaprov|Transaction}}, at the rate certified by the party required to refund the amount to be a rate offered to such party by a major bank in a relevant interbank market for overnight deposits in the applicable currency, such bank to be selected in good faith by that party for purposes of obtaining a representative rate that will reasonably reflect conditions prevailing at the time in the relevant market.