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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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{{ | {{isda92prov|6(e)(i)}} '''{{isda92prov|Events of Default}}'''. If the {{isda92prov|Early Termination Date}} follows an {{isda92prov|Event of Default}}: — | ||
:(1) If '''{{ | :(1) If '''{{isda92prov|First Method}} and {{isda92prov|Market Quotation}}''' applies, the {{isda92prov|Defaulting Party}} must pay any positive excess of (A) the sum of {{isda92prov|Settlement Amount}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Non-defaulting Party}} over (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. | ||
:(2) If '''{{ | :(2) If '''{{isda92prov|First Method}} and {{isda92prov|Loss}}''' applies, the {{isda92prov|Defaulting Party}} must pay the {{isda92prov|Non-defaulting Party}}’s positive {{isda92prov|Loss}} (if it has suffered one). | ||
:(3) If '''{{ | :(3) If '''{{isda92prov|Second Method}} and {{isda92prov|Market Quotation}}''' applies, the amount payable will be (A) the sum of the {{isda92prov|Settlement Amount}} for the {{isda92prov|Terminated Transactions}} and the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Non-defaulting Party}} less (B) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Unpaid Amounts}} owing to the {{isda92prov|Defaulting Party}}. If positive, the {{isda92prov|Defaulting Party}} will pay that amount to the {{isda92prov|Non-defaulting Party}}; if negative, the {{isda92prov|Non-defaulting Party}} will pay its absolute value to the {{isda92prov|Defaulting Party}}. | ||
:(4) If '''{{ | :(4) If '''{{isda92prov|Second Method}} and {{isda92prov|Loss}}''' applies, the {{isda92prov|Non-defaulting Party}}’s {{isda92prov|Loss}} in respect of this {{isda92prov|Agreement}} will be payable. If it is positive number, the {{isda92prov|Defaulting Party}} will pay it to the {{isda92prov|Non-defaulting Party}}; if negative, the {{isda92prov|Non-defaulting Party}} will pay its absolute value to the {{isda92prov|Defaulting Party}}. <br> |