ACCOUNT_JOB_COMPANY

ACCOUNT_ADDRESS_SINGLE_LINE

PARTY_1_NAME

PARTY_1_ADDRESS_MULTI_LINE

For the attention of: PARTY_1_CONTACT

  

01 May 2024

Dear PARTY_1_CONTACT,

Statement of Calculation of Early Termination Amount 

Reference is made to the ISDA Master Agreement (the “Agreement”) dated DATE between ACCOUNT_JOB_COMPANY (“Company”) and PARTY_1_NAME (the “Counterparty”). Capitalised terms used and not otherwise defined in this letter shall have the meanings given to them in the Agreement.

The Early Termination Amount payable by the Company is CURRENCYAMOUNT.

The attached schedule is a statement setting out the calculations made by the Bank in determining the Early Termination Amount. [Quotations and calculations must be obtained and made as of the Early Termination Date so designated]

The Early Termination Amount is due on DUE_DATE, being the effective date of this statement (the “Due Date"). In accordance with Section 6(d)(ii) of the Agreement (Payment Date), interest will accrue on the amount due from and including the Early Termination Date to but excluding the date of payment. Such interest is payable at the Applicable Close-Out Rate or the Default Rate on the basis of daily compounding and the actual number of days elapsed.

The Company hereby demands payment of CURRENCYAMOUNT on the Due Date plus accrued interest from you. Please promptly remit such payment to Company at the following account:

........................................