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Early Term. Illegality or Force Majeure


Book Publication Date: Feb 2019
Description: In a swap transaction, once an event of default has occurred and an early termination date has been set the parties must calculate the early termination amounts due. The calculation of these amounts will vary depending on the type of event of default or termination event and the number of parties involved. This form provides the standard calculation of early termination amount for transactions terminated due to illegality or force majeure with two affected parties.
Type: Other Document Templates
PLI Item #: 59700
Practice Area: Banking, Bankruptcy & Restructuring, Corporate & Securities
Keywords: "derivatives transaction"; "swap transaction"; "early termination"; "event of default"; "settlement amount"; "non-defaulting party"; "reasonable out-of-pocket expenses"; "termination currency equivalent"; "unpaid amounts"; "force majeure"; illegality; "one affected party"; "two affected parties"; "early termination date"; "master agreements"; "valuation statement"

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