Template:ISDA Master Agreement 2002 6(d): Difference between revisions

{{isdaprov|6(d)}} '''{{isdaprov|Calculations; Payment Date}}'''. <br>

:(i) '''Statement'''. On or as soon as reasonably practicable following the occurrence of an Early <br>Termination Date, each party will make the calculations on its part, if any, contemplated by Section {{isdaprov|6(e)}} and <br>will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including any <br>quotations, market data or information from internal sources used in making such calculations), <br>(2) specifying (except where there are two {{isdaprov|Affected Parties}}) any {{isdaprov|Early Termination Amount}} payable and <br>(3) giving details of the relevant account to which any amount payable to it is to be paid. <br>

In the absence of <br>written confirmation from the source of a quotation or market data obtained in determining a Close-out <br>Amount, the records of the party obtaining such quotation or market data will be conclusive evidence of the <br>existence and accuracy of such quotation or market data. <br>

:(ii) '''Payment Date'''. An {{isdaprov|Early Termination Amount}} due in respect of any {{isdaprov|Early Termination Date}} will, <br>together with any amount of interest payable pursuant to Section {{isdaprov|9(h)(ii)(2)}}, be payable (1) on the day on <br>which notice of the amount payable is effective in the case of an {{isdaprov|Early Termination Date}} which is designated <br>or occurs as a result of an {{isdaprov|Event of Default}} and (2) on the day which is two {{isdaprov|Local Business Days}} after the <br>day on which notice of the amount payable is effective (or, if there are two {{isdaprov|Affected Parties}}, after the day on <br>which the statement provided pursuant to clause (i) above by the second party to provide such a statement is <br>effective) in the case of an {{isdaprov|Early Termination Date}} which is designated as a result of a {{isdaprov|Termination Event}}. <br>