Template:Isda 6(e)(iii) summ

From The Jolly Contrarian
Revision as of 11:31, 5 January 2023 by Amwelladmin (talk | contribs)
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Section {{{{{1}}}|6(e)(iii)}} is somewhat gnomic, but is designed to build in some flex to allow for the weird things that happen in the netherworld of corporate insolvency, especially where your {{{{{1}}}|Early Termination Date}} happened, thanks to its automatic trigger, without anyone knowing about it.

If an AET has been “”Therefore if the parties (especially the {{{{{1}}}|Non-Defaulting Party}}) blithely carried on with their business of making payments and deliveries unaware that the technical insolvency of one of them meant all payment and delivery obligations were suspended — Section {{{{{1}}}|2(a)(iii)}} and all that — then you will find you have the opposite of Unpaid Amounts: you will have overpaid Amounts.