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Template:Nutshell 1992 ISDA 6(e)(i): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|6(e)(i)}} '''{{isdaprov|Events of Default}}'''. If the {{isdaprov|Early Termination Date}} follows an {{isdaprov|Event of Default}}: — :(1) If '''{{isdaprov|First...") |
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:(1) If '''{{isdaprov|First Method}} and {{isdaprov|Market Quotation}}''' applies, the {{isdaprov|Defaulting Party}} must pay any positive excess of (A) the sum of {{isdaprov|Settlement Amount}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Non-defaulting Party}} over (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Defaulting Party}}. | :(1) If '''{{isdaprov|First Method}} and {{isdaprov|Market Quotation}}''' applies, the {{isdaprov|Defaulting Party}} must pay any positive excess of (A) the sum of {{isdaprov|Settlement Amount}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Non-defaulting Party}} over (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Defaulting Party}}. | ||
:(2) If '''{{isdaprov|First Method}} and {{isdaprov|Loss}}''' applies, the {{isdaprov|Defaulting Party}} must pay the {{isdaprov|Non-defaulting Party}}’s positive {{isdaprov|Loss}} (if it has suffered one). | :(2) If '''{{isdaprov|First Method}} and {{isdaprov|Loss}}''' applies, the {{isdaprov|Defaulting Party}} must pay the {{isdaprov|Non-defaulting Party}}’s positive {{isdaprov|Loss}} (if it has suffered one). | ||
:(3) If '''{{isdaprov|Second Method and Market Quotation}}''' applies, the amount payable will be (A) the sum of the {{isdaprov|Settlement Amount}} for the {{isdaprov|Terminated Transactions}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Non-defaulting Party}} less (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Defaulting Party}}. If positive, the {{isdaprov|Defaulting Party}} will pay that amount to the {{isdaprov|Non-defaulting Party}}; if negative, the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}. | :(3) If '''{{isdaprov|Second Method}} and {{isdaprov|Market Quotation}}''' applies, the amount payable will be (A) the sum of the {{isdaprov|Settlement Amount}} for the {{isdaprov|Terminated Transactions}} and the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Non-defaulting Party}} less (B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to the {{isdaprov|Defaulting Party}}. If positive, the {{isdaprov|Defaulting Party}} will pay that amount to the {{isdaprov|Non-defaulting Party}}; if negative, the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}. | ||
:(4) If '''{{isdaprov|Second Method}} and {{isdaprov|Loss}}''' applies, the {{isdaprov|Non-defaulting Party}}’s {{isdaprov|Loss}} in respect of this {{isdaprov|Agreement}} will be payable. If it is positive number, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}; if negative, the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}. <br> | :(4) If '''{{isdaprov|Second Method}} and {{isdaprov|Loss}}''' applies, the {{isdaprov|Non-defaulting Party}}’s {{isdaprov|Loss}} in respect of this {{isdaprov|Agreement}} will be payable. If it is positive number, the {{isdaprov|Defaulting Party}} will pay it to the {{isdaprov|Non-defaulting Party}}; if negative, the {{isdaprov|Non-defaulting Party}} will pay its absolute value to the {{isdaprov|Defaulting Party}}. <br> | ||