Template:Adjustments and Modifications capsule: Difference between revisions
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{{eqderivprov|Adjustments and Modifications}} under Article {{eqderivprov|11}} relate to external events that affect {{eqderivprov|Indices}}, {{eqderivprov|Shares}} and {{eqderivprov|Transaction}}s but are not necessarily fatal to the economic intents of the parties as originally envisaged — things like changes in index sponsors, successor indices, adjustments to calculations methodologies and so on. These allow the {{eqderivprov|Transaction}} to continue, albeit may require some adjustments to legal or economic terms so that everything still works and is intended. <br> | {{eqderivprov|Adjustments and Modifications}} under Article {{eqderivprov|11}} relate to external events that affect {{eqderivprov|Indices}}, {{eqderivprov|Shares}} and {{eqderivprov|Transaction}}s but are not necessarily fatal to the economic intents of the parties as originally envisaged — things like changes in index sponsors, successor indices, adjustments to calculations methodologies and so on. These allow the {{eqderivprov|Transaction}} to continue, albeit may require some adjustments to legal or economic terms — as determined by the {{eqderivprov|Calculation Agent}} so that everything still works and is intended. <br> | ||
Latest revision as of 13:52, 6 May 2020
Adjustments and Modifications under Article 11 relate to external events that affect Indices, Shares and Transactions but are not necessarily fatal to the economic intents of the parties as originally envisaged — things like changes in index sponsors, successor indices, adjustments to calculations methodologies and so on. These allow the Transaction to continue, albeit may require some adjustments to legal or economic terms — as determined by the Calculation Agent so that everything still works and is intended.