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

{{isdaprov|6(e)(ii)}} '''{{isdaprov|Termination Events}}'''. If the {{isdaprov|Early Termination Date}} results from a {{isdaprov|Termination Event}}: —  

:(1) '''One {{isdaprov|Affected Party}}'''. If there is one {{isdaprov|Affected Party}}, the amount payable will be determined in accordance with Section {{isdaprov|6(e)(i)(3)}}, if {{isdaprov|Market Quotation}} applies, or Section {{isdaprov|6(e)(i)(4)}}, if {{isdaprov|Loss}} applies, except that, in either case, references to the {{isdaprov|Defaulting Party}} and to the {{isdaprov|Non-defaulting Party}} will be deemed to be references to the {{isdaprov|Affected Party}} and the party which is not the {{isdaprov|Affected Party}}, respectively, and, if {{isdaprov|Loss}} applies and fewer than all the {{isdaprov|Transactions}} are being terminated, {{isdaprov|Loss}} shall be calculated in respect of all {{isdaprov|Terminated Transactions}}.   

:(2) '''Two {{isdaprov|Affected Parties}}'''. If there are two {{isdaprov|Affected Parties}}: —  

::(A) if {{isdaprov|Market Quotation}} applies, each party will determine a {{isdaprov|Settlement Amount}} in respect of the {{isdaprov|Terminated Transactions}}, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the {{isdaprov|Settlement Amount}} of the party with the higher {{isdaprov|Settlement Amount}} (“'''X'''") and the Settlement Amount of the party with the lower {{isdaprov|Settlement Amount}} (“'''Y'''") and (b) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to X less (II) the {{isdaprov|Termination Currency Equivalent}} of the Unpaid Amounts owing to Y; and  

::(B) if {{isdaprov|Loss}} applies, each party will determine its Loss in respect of this {{isdaprov|Agreement}} (or, if fewer than all the {{isdaprov|Transactions}} are being terminated, in respect of all {{isdaprov|Terminated Transactions}}) and an amount will be payable equal to one-half of the difference between the {{isdaprov|Loss}} of the party with the higher Loss (“'''X'''”) and the Loss of the party with the lower {{isdaprov|Loss}} (“'''Y'''”).