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

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{{isdaprov|6(e)}} '''{{isdaprov|Payments on Early Termination}}'''. If an {{isdaprov|Early Termination Date}} occurs, the following provisions shall apply based on the parties’ election in the {{isdaprov|Schedule}} of a payment measure, either “{{isdaprov|Market Quotation}}” or “{{isdaprov|Loss}}”, and a payment method, either the “{{isdaprov|First Method}}” or the “{{isdaprov|Second Method}}”. If the parties fail to designate a payment measure or payment method in the {{isdaprov|Schedule}}, it will be deemed that “{{isdaprov|Market Quotation}}” or the “{{isdaprov|Second Method}}”, as the case may be, shall apply. The amount, if any, payable in respect of an {{isdaprov|Early Termination Date}} and determined pursuant to this Section will be subject to any {{isdaprov|Set-off}}. <br>
{{isda92prov|6(e)}} '''{{isda92prov|Payments on Early Termination}}'''. If an {{isda92prov|Early Termination Date}} occurs, the following provisions shall apply based on the parties’ election in the {{isda92prov|Schedule}} of a payment measure, either “{{isda92prov|Market Quotation}}” or “{{isda92prov|Loss}}”, and a payment method, either the “{{isda92prov|First Method}}” or the “{{isda92prov|Second Method}}”. If the parties fail to designate a payment measure or payment method in the {{isda92prov|Schedule}}, it will be deemed that “{{isda92prov|Market Quotation}}” or the “{{isda92prov|Second Method}}”, as the case may be, shall apply. The amount, if any, payable in respect of an {{isda92prov|Early Termination Date}} and determined pursuant to this Section will be subject to any {{isda92prov|Set-off}}. <br>

Revision as of 18:56, 2 February 2020

6(e) Payments on Early Termination. If an Early Termination Date occurs, the following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market Quotation” or “Loss”, and a payment method, either the “First Method” or the “Second Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.

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