Terminated Transactions - ISDA Provision: Difference between revisions

Terminated Transactions - ISDA Provision (view source)

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 {{isdasnap|Terminated Transactions Definition}}
 ==Proposed ISDA Protocol Amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}==
- "Terminated Transactions" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an Illegality or
+{{isdaquote|{{ISDA Master Agreement 1992 Terminated Transactions Definition Protocol}}|Terminated Transactions|1992}}
- a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transaction}}s specified in the notice given pursuant to Section 6(b)(iv), (b) if
+{{isdaquote|{{ISDA Master Agreement 2002 Terminated Transactions Definition Protocol}}|Terminated Transactions|2002}}
- resulting from any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transaction}}s and (c) if resulting from an {{isdaprov|Event of Default}},
- all Transactions''', in each case under which a party has or may have any obligation, including, without limitation,'''
- '''an obligation to pay an amount that became payable (or would have become payable but for Section 2(a)(iii) or due'''
- '''but for Section 5(d)) to the other party under Section 2(a)(i) or 2(d)(i)(4) on or prior to that Early Termination Date'''
- '''and which remains unpaid as at such Early Termination Date.'''
 {{isdaanatomy}}