Template:Nutshell EUA Annex Abandonment of Scheme: Difference between revisions

:(1) If before the {{euaprov|Delivery Date}} the {{euaprov|European Community}} officially discontinues the {{euaprov|Scheme}} either party may terminate the {{euaprov|Transaction}} by notice, there will be no further delivery or payment obligations (other than payments due for already-performed deliveries) and no payments will be due under Section {{isdaprov|6(e)}}.  

:(2) Upon such a termination, together with interest from the payment date to termination date, at the prevailing overnight deposit rate in the interbank market:

::'''{{euaprov|Forward}}s and {{euaprov|Call}}s''': {{euaprov|Delivering Party}} must promptly refund any amount {{euaprov|Receiving Party}} has paid under {{euaprov|Forward}}s and {{euaprov|Call}}s.

::'''Puts''': {{euaprov|Receiving Party}} must promptly refund any amounts {{euaprov|Delivering Party}} paid under a {{euaprov|Put}}.<br>