Template:Nutshell 2002 ISDA 6(e)(i): Difference between revisions

:{{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>

::(a) the {{isdaprov|Close-out Amount}}s for each Terminated Transaction '''plus''' <br>

::(b) {{isdaprov|Unpaid Amounts}} due to the {{isdaprov|Non-defaulting Party}}; '''minus''' <br>

::(c) {{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}}. <br>