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Template:ISDA Master Agreement 1992 6(e)(ii): Difference between revisions
Template:ISDA Master Agreement 1992 6(e)(ii) (view source)
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(ii) '''Termination Events'''. If the {{isdaprov|Early Termination Date}} results from a {{isdaprov|Termination Event}}: — <br> | (ii) '''Termination Events'''. If the {{isdaprov|Early Termination Date}} results from a {{isdaprov|Termination Event}}: — <br> | ||
:(1) '''One {{isdaprov|Affected Party}}'''. If there is one {{isdaprov|Affected Party}}, the amount payable will be determined <br>in accordance with Section {{isdaprov|6(e)(i)(3)}}, if {{isdaprov|Market Quotation}} applies, or Section 6(e)(i)(4), if <br>{{isdaprov|Loss}} <br>applies, except that, in either case, references to the {{isdaprov|Defaulting Party}} and to the {{isdaprov|Non-defaulting Party}} <br>will be deemed to be references to the {{isdaprov|Affected Party}} and the party which is not the <br>{{isdaprov|Affected Party}}, respectively, and, if {{isdaprov|Loss}} applies and fewer than all the {{isdaprov|Transactions}} are being <br>terminated, {{isdaprov|Loss}} shall be calculated in respect of all {{isdaprov|Terminated Transactions}}. <br> | :(1) '''One {{isdaprov|Affected Party}}'''. If there is one {{isdaprov|Affected Party}}, the amount payable will be determined <br>in accordance with Section {{isdaprov|6(e)(i)(3)}}, if {{isdaprov|Market Quotation}} applies, or Section {{isdaprov|6(e)(i)(4)}}, if <br>{{isdaprov|Loss}} <br>applies, except that, in either case, references to the {{isdaprov|Defaulting Party}} and to the {{isdaprov|Non-defaulting Party}} <br>will be deemed to be references to the {{isdaprov|Affected Party}} and the party which is not the <br>{{isdaprov|Affected Party}}, respectively, and, if {{isdaprov|Loss}} applies and fewer than all the {{isdaprov|Transactions}} are being <br>terminated, {{isdaprov|Loss}} shall be calculated in respect of all {{isdaprov|Terminated Transactions}}. <br> | ||
:(2) '''Two {{isdaprov|Affected Parties}}'''. If there are two {{isdaprov|Affected Parties}}: — <br> | :(2) '''Two {{isdaprov|Affected Parties}}'''. If there are two {{isdaprov|Affected Parties}}: — <br> | ||
::(A) if {{isdaprov|Market Quotation}} applies, each party will determine a {{isdaprov|Settlement Amount}} in <br>respect of the {{isdaprov|Terminated Transactions}}, and an amount will be payable equal to (I) the <br>sum of (a) one-half of the difference between the {{isdaprov|Settlement Amount}} of the party with <br>the higher {{isdaprov|Settlement Amount}} ("'''X'''") and the Settlement Amount of the party with the <br>lower {{isdaprov|Settlement Amount}} ("'''Y'''") and (b) the {{isdaprov|Termination Currency Equivalent}} of the <br>{{isdaprov|Unpaid Amounts}} owing to X less (II) the {{isdaprov|Termination Currency Equivalent}} of the Unpaid <br>Amounts owing to Y; and <br> | ::(A) if {{isdaprov|Market Quotation}} applies, each party will determine a {{isdaprov|Settlement Amount}} in <br>respect of the {{isdaprov|Terminated Transactions}}, and an amount will be payable equal to (I) the <br>sum of (a) one-half of the difference between the {{isdaprov|Settlement Amount}} of the party with <br>the higher {{isdaprov|Settlement Amount}} ("'''X'''") and the Settlement Amount of the party with the <br>lower {{isdaprov|Settlement Amount}} ("'''Y'''") and (b) the {{isdaprov|Termination Currency Equivalent}} of the <br>{{isdaprov|Unpaid Amounts}} owing to X less (II) the {{isdaprov|Termination Currency Equivalent}} of the Unpaid <br>Amounts owing to Y; and <br> | ||