Template:Nutshell 2002 ISDA 6(c): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|6(c)}} If an {{isdaprov|Early Termination Date}} is designated: <br> :(i) it will take place when designated, even if the event which triggered no longer exists. <b...") |
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{{isdaprov|6(c)}} If an {{isdaprov|Early Termination Date}} is designated: <br> | {{isdaprov|6(c)}} '''{{isdaprov|Effect of Designation}}''': If an {{isdaprov|Early Termination Date}} is designated: <br> | ||
:(i) it will take place when designated, even if the event which triggered no longer exists. <br> | :(i) it will take place when designated, even if the event which triggered no longer exists. <br> | ||
:(ii) no more payments or deliveries will be required under any {{isdaprov|Terminated Transactions}}. <br> | :(ii) no more payments or deliveries will be required under any {{isdaprov|Terminated Transactions}}. <br> | ||
Any {{isdaprov|Close-out Amount}} will be determined under Section {{isdaprov|6(e)}}. | Any {{isdaprov|Close-out Amount}} will be determined under Section {{isdaprov|6(e)}}. <br> | ||
Latest revision as of 11:55, 13 March 2020
6(c) Effect of Designation: If an Early Termination Date is designated:
- (i) it will take place when designated, even if the event which triggered no longer exists.
- (ii) no more payments or deliveries will be required under any Terminated Transactions.
Any Close-out Amount will be determined under Section 6(e).