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Unpaid Amounts - ISDA Provision: Difference between revisions
Unpaid Amounts - ISDA Provision (view source)
Revision as of 17:16, 19 September 2014
, 19 September 2014→Commentary
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====Commentary==== | ====Commentary==== | ||
Pitched summary: | Pitched summary: | ||
{{box|“{{isdaprov|Unpaid Amounts}}” owing to any party means, with respect to a Early Termination Date, the aggregate, in each case as at such Early Termination Date, and together with any the non-Defaulting party's Expenses, of: <br> | {{box|“{{isdaprov|Unpaid Amounts}}” owing to any party means, with respect to a {{isdaprov|Early Termination Date}}, the aggregate, in each case as at such {{isdaprov|Early Termination Date}}, and together with any the {{isdaprov|non-Defaulting party}}'s Expenses, of: <br> | ||
(a) in respect of all Terminated Transactions, all amounts that had become payable but which remain unpaid; <br> | (a) in respect of all {{isdaprov|Terminated Transactions}}, all amounts that had become payable but which remain unpaid; <br> | ||
(b) in respect of each Terminated Transaction, the fair market value of each obligation which had become due for delivery but has not been delivered; and <br> | (b) in respect of each {{isdaprov|Terminated Transaction}}, the fair market value of each obligation which had become due for delivery but has not been delivered; and <br> | ||
(c) any Termination Amount that had already become due but which remains unpaid. <br> | (c) any {{isdaprov|Termination Amount}} that had already become due but which remains unpaid. <br> | ||
}} | }} | ||