Template:ISDA Master Agreement 2002 Terminated Transactions Definition Protocol: Difference between revisions

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"'''{{isdaprov|Terminated Transactions}}'''" means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an {{isdaprov|Illegality}} or  a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transaction}}s specified in the notice given pursuant to Section {{isdaprov|6(b)(iv)}}, (b) if  resulting from any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transaction}}s and (c) if resulting from an {{isdaprov|Event of Default}},  all Transactions, in each case under which a party has or may have any obligation, including, without limitation,  an obligation to pay an amount that became payable (or would have become payable but for Section {{isdaprov|2(a)(iii)}} or due  but for Section {{isdaprov|5(d)}}) to the other party under Section {{isdaprov|2(a)(i)}} or {{isdaprov|2(d)(i)(4)}} on or prior to that {{isdaprov|Early Termination Date}}  and which remains unpaid as at such {{isdaprov|Early Termination Date}}.
"'''{{isdaprov|Terminated Transactions}}'''” means, with respect to any {{isdaprov|Early Termination Date}}, (a) if resulting from an {{isdaprov|Illegality}} or  a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transaction}}s specified in the notice given pursuant to Section {{isdaprov|6(b)(iv)}}, (b) if  resulting from any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transaction}}s and (c) if resulting from an {{isdaprov|Event of Default}},  all Transactions, in each case under which a party has or may have any obligation, including, without limitation,  an obligation to pay an amount that became payable (or would have become payable but for Section {{isdaprov|2(a)(iii)}} or due  but for Section {{isdaprov|5(d)}}) to the other party under Section {{isdaprov|2(a)(i)}} or {{isdaprov|2(d)(i)(4)}} on or prior to that {{isdaprov|Early Termination Date}}  and which remains unpaid as at such {{isdaprov|Early Termination Date}}.

Latest revision as of 17:30, 16 September 2016

"Terminated Transactions” means, with respect to any Early Termination Date, (a) if resulting from an Illegality or a Force Majeure Event, all Affected Transactions specified in the notice given pursuant to Section 6(b)(iv), (b) if resulting from any other Termination Event, all Affected Transactions and (c) if resulting from an Event of Default, all Transactions, in each case under which a party has or may have any obligation, including, without limitation, an obligation to pay an amount that became payable (or would have become payable but for Section 2(a)(iii) or due but for Section 5(d)) to the other party under Section 2(a)(i) or 2(d)(i)(4) on or prior to that Early Termination Date and which remains unpaid as at such Early Termination Date.

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