Template:Nutshell 2002 ISDA 6(d): Difference between revisions

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Template:Nutshell 2002 ISDA 6(d) (view source)

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 {{isdaprov|6(d)}} '''{{isdaprov|Calculations; Payment Date}}'''.
-:(i) '''Statement'''. As soon as practicable following an {{isdaprov|Early Termination Date}}, each party will calculate its Section {{isdaprov|6(e)}} amount and give the other party a statement:
+:(i) '''Statement'''. As soon as [[practicable]] following an {{isdaprov|Early Termination Date}}, each party will calculate its Section {{isdaprov|6(e)}} amount and give the other party a statement:
 ::(1) showing reasonable detail of its calculations;
 ::(2) specifying any {{isdaprov|Early Termination Amount}} payable; and
 ::(3) giving its bank details for payment of the {{isdaprov|Early Termination Amount}}.
 ::Its records of any quotation or market data it uses will be conclusive of their accuracy.
-:(ii) '''Payment Date'''. An {{isdaprov|Early Termination Amount}} due in respect of any {{isdaprov|Early Termination Date}} will, together with any amount of interest payable pursuant to Section {{isdaprov|9(h)(ii)(2)}}, be payable <br>
+:(ii) '''Payment Date'''. An {{isdaprov|Early Termination Amount}} due in respect of any {{isdaprov|Early Termination Date}} will, together with any applicable [[9(h)(ii)(2) - ISDA Provision|interest]], be payable <br>
-::(1) when its notice is effective for an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}} and
+::(1) on the day its Section {{isdaprov|6(d)}} statement is effective (if the {{isdaprov|Early Termination Date}} follows an {{isdaprov|Event of Default}}) and
-::(2) two {{isdaprov|Local Business Days}} after its notice was effective (or, where two {{isdaprov|Affected Parties}}, after the second statement is effective) for an {{isdaprov|Early Termination Date}} following a {{isdaprov|Termination Event}}.<br>
+::(2) two {{isdaprov|Local Business Days}} after the day its Section {{isdaprov|6(d)}} statement is effective (or, where there were two {{isdaprov|Affected Parties}}, after the second statement is effective) (where the {{isdaprov|Early Termination Date}} follows a {{isdaprov|Termination Event}}.<br>