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Template:Nutshell 2002 ISDA 6(e)(ii): Difference between revisions
Template:Nutshell 2002 ISDA 6(e)(ii) (view source)
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:{{isdaprov|6(e)(ii)}} '''{{isdaprov|Termination Events}}'''. If the {{isdaprov|Early Termination Date}} results from a {{isdaprov|Termination Event}}:― | :{{isdaprov|6(e)(ii)}} '''{{isdaprov|Termination Events}}'''. If the {{isdaprov|Early Termination Date}} results from a {{isdaprov|Termination Event}}:― | ||
::(1) '''One {{isdaprov|Affected Party}}'''. If there is '''one''' {{isdaprov|Affected Party}}, the {{isdaprov|Early Termination Amount}} will be determined as if they were{{isdaprov|Events of Default}} under Section {{isdaprov|6(e)(i)}} (but | ::(1) '''One {{isdaprov|Affected Party}}'''. If there is '''one''' {{isdaprov|Affected Party}}, the {{isdaprov|Early Termination Amount}} will be determined as if they were {{isdaprov|Events of Default}} under Section {{isdaprov|6(e)(i)}} (but subject to the {{isdaprov|Mid-Market Events}} rider below). | ||
::(2) '''Two {{isdaprov|Affected Parties}}'''. If there are '''two''' {{isdaprov|Affected Parties}}, each party will determine the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Close-out Amounts}} for all {{isdaprov|Terminated Transaction}} and the {{isdaprov|Early Termination Amount}} will be: <br> | ::(2) '''Two {{isdaprov|Affected Parties}}'''. If there are '''two''' {{isdaprov|Affected Parties}}, each party will determine the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Close-out Amounts}} for all {{isdaprov|Terminated Transaction}} and the {{isdaprov|Early Termination Amount}} will be: <br> | ||
:::(A) the sum of <br> | :::(A) the sum of <br> | ||