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Template:Nutshell 2002 ISDA 6(e)(i): Difference between revisions
Template:Nutshell 2002 ISDA 6(e)(i) (view source)
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'''{{isdaprov|6(e)(i)}} {{isdaprov|Events of Default}}'''. On an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{isdaprov|Non-defaulting Party}} will determine {{isdaprov|Early Termination Amount}} in the {{isdaprov|Termination Currency}} as the sum of: | :'''{{isdaprov|6(e)(i)}} {{isdaprov|Events of Default}}'''. On an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{isdaprov|Non-defaulting Party}} will determine {{isdaprov|Early Termination Amount}} in the {{isdaprov|Termination Currency}} as the sum of: <br> | ||
*the {{isdaprov|Close-out Amount}}s for each Terminated Transaction '''plus''' | ::(a)*the {{isdaprov|Close-out Amount}}s for each Terminated Transaction '''plus''' <br> | ||
*{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus''' | ::*{{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus''' <br> | ||
*{{isdaprov|Unpaid Amounts}} due to the Defaulting Party. | ::*{{isdaprov|Unpaid Amounts}} due to the Defaulting Party.<br> | ||
If the {{isdaprov|Early Termination Amount}} is positive, 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}}. | If the {{isdaprov|Early Termination Amount}} is positive, 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> | ||