Adjustment of Early Termination Amount and the value of the Relevant Index for Bankruptcy Sample Clauses

This clause defines how the early termination amount and the value of a specified index are to be adjusted in the event of a party's bankruptcy. In practice, it sets out the method for recalculating the settlement amount owed between parties, taking into account changes in the value of a relevant financial index that may be affected by the bankruptcy event. By providing a clear mechanism for these adjustments, the clause ensures that both parties are treated fairly and that the financial consequences of bankruptcy are allocated in a predictable and equitable manner.
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Adjustment of Early Termination Amount and the value of the Relevant Index for Bankruptcy. In circumstances where an Early Termination Date occurs because Automatic Early Termination applies in respect of a party, the Early Termination Amount and the value of the Relevant Index will be subject to such adjustments as are appropriate and permitted by applicable law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(e)(iii) where there is an Early Termination Amount, or the date on which the statement provided pursuant to Section 6(g)(i) by the second party to provide such a statement is effective where there is no Early Termination Amount.
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Related to Adjustment of Early Termination Amount and the value of the Relevant Index for Bankruptcy

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • ISDA Early Termination Date Party A has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement;

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  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

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