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

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::{{eqderivprov|12.9(a)(ii)}} “'''{{eqderivprov|Change in Law}}'''” means either party determines that due to new or changed laws and regulations being enacted:
::{{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;
:::[[Prong Y|(Y)]] it becomes materially more expensive to perform the {{eqderivprov|Transaction}}. <br>
:::[[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.