Template:Nutshell 2002 ISDA Terminated Transactions: Difference between revisions
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“'''{{isdaprov|Terminated Transactions}}'''” means, | “'''{{isdaprov|Terminated Transactions}}'''” means, for a {{isdaprov|Early Termination Date}} resulting from:<br> | ||
:(a) an {{isdaprov|Illegality}} or a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transactions}} specified in the Section {{isdaprov|6(b)(iv)}} notice; <br> | :(a) an {{isdaprov|Illegality}} or a {{isdaprov|Force Majeure Event}}, all {{isdaprov|Affected Transactions}} specified in the Section {{isdaprov|6(b)(iv)}} notice; <br> | ||
:(b) any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transactions}}; and <br> | :(b) any other {{isdaprov|Termination Event}}, all {{isdaprov|Affected Transactions}}; and <br> | ||
:(c) an {{isdaprov|Event of Default}}, all {{isdaprov|Transactions}} | :(c) an {{isdaprov|Event of Default}}, all {{isdaprov|Transactions}} :<br> | ||
that were in effect immediately before the the Section {{isdaprov|6(a)}} notice designating that {{isdaprov|Early Termination Date}} took effect or, if {{isdaprov|Automatic Early Termination}} applies, immediately before the {{isdaprov|Early Termination Date}}. <br> | |||
Latest revision as of 10:56, 17 March 2020
“Terminated Transactions” means, for a Early Termination Date resulting from:
- (a) an Illegality or a Force Majeure Event, all Affected Transactions specified in the Section 6(b)(iv) notice;
- (b) any other Termination Event, all Affected Transactions; and
- (c) an Event of Default, all Transactions :
that were in effect immediately before the the Section 6(a) notice designating that Early Termination Date took effect or, if Automatic Early Termination applies, immediately before the Early Termination Date.