Template:ISDA Master Agreement 1992 6(e)(iv): Difference between revisions
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{{ | {{isda92prov|6(e)(iv)}} '''{{isda92prov|Pre-Estimate}}'''. The parties agree that if {{isda92prov|Market Quotation}} applies an amount recoverable under this Section {{isda92prov|6(e)}} is a [[reasonable pre-estimate of loss]] and not a [[penalty]]. Such amount is payable for the loss of [[bargain]] and the loss of protection against future risks and except as otherwise provided in this {{isda92prov|Agreement}} neither party will be entitled to recover any additional damages as a consequence of such losses. <br /> | ||
Latest revision as of 18:56, 2 February 2020
6(e)(iv) Pre-Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.