Template:ISDA Master Agreement 2002 6(c): Difference between revisions
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{{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''. | {{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}'''. | ||
:(i) If notice designating an {{isdaprov|Early Termination Date}} is given under Section {{isdaprov|6(a)}} or {{isdaprov|6(b)}}, the Early Termination Date will occur on the date so designated, whether or not the relevant {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} is then continuing. (ii) Upon the occurrence or effective designation of an {{isdaprov|Early Termination Date}}, no further payments or deliveries under Section {{isdaprov|2(a)(i)}} or {{isdaprov|9(h)(i)}} in respect of the {{isdaprov|Terminated Transactions}} will be required to be made, but without prejudice to the other provisions of this {{isdaprov|Agreement}}. The amount, if any, payable in respect of an {{isdaprov|Early Termination Date}} will be determined pursuant to Sections {{isdaprov|6(e)}} and {{isdaprov|9(h)(ii)}}. <br> | |||
Latest revision as of 14:00, 4 April 2017
- (i) If notice designating an Early Termination Date is given under Section 6(a) or 6(b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing. (ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 9(h)(i) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date will be determined pursuant to Sections 6(e) and 9(h)(ii).