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

{{isdaprov|6(e)(iv)}} '''{{isdaprov|Adjustment for Illegality or Force Majeure Event}}'''. The failure by a party or any {{isdaprov|Credit Support Provider}} of such party to pay, when due, any {{isdaprov|Early Termination Amount}} will not constitute an {{isdaprov|Event of Default}} under Section {{isdaprov|5(a)(i)}} or {{isdaprov|5(a)(iii)}}(1) if such failure is due to the occurrence of an event or circumstance which would, if it occurred with respect to payment, delivery or compliance related to a {{isdaprov|Transaction}}, constitute or give rise to an {{isdaprov|Illegality}} or a {{isdaprov|Force Majeure Event}}. Such amount will (1) accrue interest and otherwise be treated as an {{isdaprov|Unpaid Amount}} owing to the other party if subsequently an {{isdaprov|Early Termination Date}} results from an {{isdaprov|Event of Default}}, a {{isdaprov|Credit Event Upon Merger}} or an {{isdaprov|Additional Termination Event}} in respect of which all outstanding {{isdaprov|Transactions}} are {{isdaprov|Affected Transactions}} and (2) otherwise accrue interest in accordance with Section {{isdaprov|9(h)}}(ii)(2). <br>