Template:Nutshell Equity Derivatives 12.9(b)(i): Difference between revisions

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::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event either party may elect to terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the {{eqderivprov|Change in Law}}), in which event the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other. <br>
::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” applies, then if it happens either party may terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice (or less if required under {{eqderivprov|Change in Law}}), the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br>

Revision as of 16:38, 27 March 2020

12.9(b)(i) If “Change in Law” or “Insolvency Filing” applies, then if it happens either party may terminate the Transaction upon at least two Scheduled Trading Days’ notice (or less if required under Change in Law), the Transaction will terminate and the Determining Party will determine the Cancellation Amount.
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