This provision is an election which we have added to the Schedule for governmental entities. I believe that it is intended to eliminate any confusion that historically arose during the debate between "First Method" (one-way payments) and "Second Method" (two-way payments) for Early Termination purposes. Although I can't find a good reason to continue to use this provision with an ISDA (except that it emphasizes the point), I can understand why we may have added it to a pre-ISDA agreement with a governmental. The only example that I could locate was our September 21, 1995 Master Agreement with Reedy Creek Improvement District. For those of you who have never seen this form, it was one of the two types of master agreements developed by ECT before we became conversant with ISDA. Because these forms didn't contemplate municipal counterparties, we had to add many of the ISDA U.S. Municipal Counterparty Schedule provisions. The Part 5(b)(k) provision originally appeared in this early agreement. It was included in the "Event of Change" section [5F(4)] (which is tantamount to the ISDA concept of "Illegality", a "Termination Event"). I think it was probably included because in the ISDA, Second Method is the automatic payment method if the parties fail to make a specific designation for Early Termination purposes, but there isn't a comparable provision in the old ECT form.
Answer: "Termination Payments" - Part 5 (b)(k) to the ISDA Master Agreement
Hello Mamie and Papi, Invitations are going out in the mail soon. This is a quickie FYI to reserve Monday, January 21st from 12:00 to 2:00/2:30 to attend Nicholas' 4th Birthday Party. Monday the 21st is a R.O.B. school holiday... Martin Luther King Day. I hope you are both available. I'll be in touch soon. Thanks,
Answer: Nicholas B-day
REMINDER!!!! * Forum Corporation must receive the completed questionnaires for scoring no later than October 24th. If your direct reports plan on mailing it in, they must but it in the mail TODAY so it will arrive on time for scoring. (it takes 2 weeks to travel) This also applies to your self evaluation feedback form. * Your direct reports can also FedEx the questionnaires after today up to 4 days before the class to the address on the envelope they received. * Please enforce your direct reports to fill them out and return them so that you can get an accurate report on the day of the class. Thanks. Any questions, please feel free to call me x3-1816. Maggie P.S. Cancellations will be penalized at 100% cost.
Answer: Becoming an Exceptional Leader: manager's training UPDATE
I will be out of the office tomorrow, Tuesday, January 22, 2002, and will return on Wednesday, January 23, 2002. Chip Schneider will attend the Cash Management Committee as the RAC representative in my absence. I will have limited access to e-mail tomorrow. My mobile telephone will be on; its number is: 713-553-3138. Regards,
Answer:
Out of Office Tuesday, January 22, 2002