Template:IETA Master Agreement 13.2: Difference between revisions

:{{ietaprov|13.2(a)}} No {{ietaprov|Termination Payment}}. No {{ietaprov|Force Majeure}} termination payment shall be made between Parties; provided, however, that the obligation to pay any {{ietaprov|Unpaid Amounts}} shall survive the termination of the {{ietaprov|FM Affected Transaction}}.<br>

:{{ietaprov|13.2(c)}} Two-way Loss {{ietaprov|Termination Payment}}. Each Party will determine its {{ietaprov|Loss}} in respect of the FM Affected {{ietaprov|Transaction}} and an amount will be payable in the Termination Currency equal to one half of the difference between the {{ietaprov|Loss}} of the Party with the higher {{ietaprov|Loss}} (“X”) and the {{ietaprov|Loss}} of the Party with the lower {{ietaprov|Loss}} (“Y”). If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of such amount to Y.<br>