Common use of Payments on Early Termination Clause in Contracts

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.

Appears in 7 contracts

Samples: Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna Credit Card Master Note Trust)

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Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.

Appears in 6 contracts

Samples: Master Agreement (Capital One Master Trust), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.. (f)

Appears in 6 contracts

Samples: Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the sole Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f1(f) below) cannot be determined.

Appears in 3 contracts

Samples: Master Agreement (BA Credit Card Trust), Master Agreement (BA Master Credit Card Trust II), Master Agreement (BA Credit Card Trust)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the sole Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Capital One Master Trust), Master Agreement (Capital One Master Trust)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the sole Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.. (f)

Appears in 2 contracts

Samples: Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, -------- however, that in the case of an Event of Default with respect to Party A as ------- the Defaulting Party or a Termination Event with respect to Party A as the sole Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f) below) cannot be determined.

Appears in 1 contract

Samples: Master Agreement (Capital One Master Trust)

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Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the sole Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f1(f) below) cannot be determined.

Appears in 1 contract

Samples: Master Agreement (BA Credit Card Trust)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a -------- ------- Termination Event with respect to Party A as the Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f1(f) below) cannot be determined.

Appears in 1 contract

Samples: Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply; provided, however, that in the case of an Event of Default with respect to Party A as the Defaulting Party or a Termination Event with respect to Party A as the Affected Party, the related Settlement Amount, if negative, will be deemed to be zero if the Market Quotation (as such term is modified pursuant to Part 1 (f1(f) below) cannot be determined.

Appears in 1 contract

Samples: Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

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