Template:Nutshell Equity Derivatives 12.9(a)(ii): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
 
(4 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{eqderivprov|12.9(a)(ii)}} “{{eqderivprov|Change in Law}}” means either party determines that due to laws or regulations being enacted, changed, or differently interpreted:
::{{eqderivprov|12.9(a)(ii)}} “'''{{eqderivprov|Change in Law}}'''” means either party determines that, due to a change in [[law]] [[or]] [[regulation]]:
:(X) it becomes illegal to buy, sell or hold underlying {{eqderivprov|Shares}} or;
:::(X) it becomes [[Illegality|illegal]] to buy, sell or hold underlying {{eqderivprov|Shares}} or;
:(Y) it becomes materially more expensive to perform the Transaction.
:::[[Prong Y|(Y)]] it becomes materially more expensive to perform the {{eqderivprov|Transaction}}. <br>

Latest revision as of 08:13, 2 October 2019

12.9(a)(ii)Change in Law” means either party determines that, due to a change in law or regulation:
(X) it becomes illegal to buy, sell or hold underlying Shares or;
(Y) it becomes materially more expensive to perform the Transaction.