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

{{isdaprov|6(e)(i)}} '''{{isdaprov|Events of Default}}'''. If the {{isdaprov|Early Termination Date}} results from an {{isdaprov|Event of Default}}: —

:(1) '''{{isdaprov|First Method}} and {{isdaprov|Market Quotation}}'''. If the First Method and Market Quotation apply, the {{isdaprov|Defaulting Party}} will pay to the {{isdaprov|Non-defaulting Party}} the excess, if a positive number, of (A) the sum of the {{isdaprov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isdaprov|Terminated Transactions}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.  

:(2) '''{{isdaprov|First Method}} and {{isdaprov|Loss}}'''. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.

:(3) '''{{isdaprov|Second Method and Market Quotation}}'''. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the {{isdaprov|Settlement Amount}} (determined by the Non-defaulting Party) in respect of the {{isdaprov|Terminated Transactions}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.  

:(4) '''{{isdaprov|Second Method}} and {{isdaprov|Loss}}'''. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the  Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party. <br>