Template:ISDA Master Agreement 1992 6(d): Difference between revisions

{{isdaprov|6(d)}} '''{{isdaprov|Calculations}}'''. <br>

:(i) '''Statement'''. On or as soon as reasonably practicable following the occurrence of an Early <br>Termination Date, each party will make the calculations on its part, if any, contemplated by Section {{isdaprov|6(e)}} <br>and will provide to the other party a statement (1) showing, in reasonable detail, such calculations <br>(including all relevant quotations and specifying any amount payable under Section {{isdaprov|6(e)}}) and (2) giving <br>details of the relevant account to which any amount payable to it is to be paid. In the absence of written <br>confirmation from the source of a quotation obtained in determining a {{isdaprov|Market Quotation}}, the records of <br>the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such <br>quotation. <br>

:(ii) '''Payment Date'''. An amount calculated as being due in respect of any {{isdaprov|Early Termination Date}} <br>under Section {{isdaprov|6(e)}} will be payable on the day that notice of the amount payable is effective (in the <br>case of an {{isdaprov|Early Termination Date}} which is designated or occurs as a result of an {{isdaprov|Event of Default}}) <br>and on the day which is two {{isdaprov|Local Business Days}} after the day on which notice of the amount payable <br>is effective (in the case of an {{isdaprov|Early Termination Date}} which is designated as a result of a Termination <br>Event). Such amount will be paid together with (to the extent permitted under applicable law) <br>interest thereon (before as well as after judgment) in the {{isdaprov|Termination Currency}}, from (and including) <br>the relevant {{isdaprov|Early Termination Date}} to (but excluding) the date such amount is paid, at the <br>{{isdaprov|Applicable Rate}}. Such interest will be calculated on the basis of daily compounding and the actual <br>number of days elapsed. <br>