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Template:Nutshell 2016 CSA 6: Difference between revisions
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{{ | {{vmcsaprov|6}}. '''{{vmcsaprov|Default}}'''. <br> | ||
If there is an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{ | If there is an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{vmcsaprov|Value}} of the {{vmcsaprov|Credit Support Balance (VM)}}, determined of the {{isdaprov|Early Termination Date}}, will be an {{isdaprov|Unpaid Amount}} due to the {{vmcsaprov|Transferor}} under Section {{isdaprov|6(e)}}. For the {{isdaprov|Transaction}} represented by this {{vmcsaprov|Annex}}: | ||
:(a) any {{isdaprov|Market Quotation}} will be zero; | :(a) any {{isdaprov|Market Quotation}} will be zero; | ||
:(b) any {{isdaprov|Loss}} will be limited to the {{isdaprov|Unpaid Amount}} representing the {{ | :(b) any {{isdaprov|Loss}} will be limited to the {{isdaprov|Unpaid Amount}} representing the {{vmcsaprov|Value}} of the relevant {{vmcsaprov|Credit Support Balance (VM)}} and any unsatisfied {{vmcsaprov|Interest Payment (VM)}} obligations; | ||
:(c) any {{isdaprov|Close-out Amount}} will be zero; and | :(c) any {{isdaprov|Close-out Amount}} will be zero; and | ||
:(d) there will be no {{isdaprov|Unpaid Amount}} relating to any unsatisfied obligation under Paragraph {{ | :(d) there will be no {{isdaprov|Unpaid Amount}} relating to any unsatisfied obligation under Paragraph {{vmcsaprov|2}} or Paragraph {{vmcsaprov|3(c)}}. <br> | ||