Template:Nutshell Equity Derivatives 12.2(f): Difference between revisions
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:{{eqderivprov|12.3(e)}} “'''{{eqderivprov|Partial Cancellation and Payment}}'''”, then the portion of a {{eqderivprov|Share Basket Transaction}} represented by {{eqderivprov|Affected Shares}} will be cancelled as of the {{eqderivprov|Merger Date}}, the amount calculated under Section {{eqderivprov|12.7}} for such {{eqderivprov|Affected Shares}} will be paid by one party to the other, the {{eqderivprov|Share Basket Transaction}} will continue with the {{eqderivprov|Basket}} comprising the remaining {{eqderivprov|Shares}}, and the {{eqderivprov|Calculation Agent}} will adjust any terms if necessary to preserve as nearly as practicable the economic terms of the {{eqderivprov|Transaction}} for the remaining {{eqderivprov|Shares}}; or <br> | |||
:{{eqderivprov|12.3(e)}} “'''{{eqderivprov|Partial Cancellation and Payment}}'''”, then the portion of a {{eqderivprov|Share Basket Transaction}} represented by {{eqderivprov|Affected Shares}} will be cancelled as of the {{eqderivprov| | |||
Latest revision as of 07:42, 3 May 2022
- 12.3(e) “Partial Cancellation and Payment”, then the portion of a Share Basket Transaction represented by Affected Shares will be cancelled as of the Merger Date, the amount calculated under Section 12.7 for such Affected Shares will be paid by one party to the other, the Share Basket Transaction will continue with the Basket comprising the remaining Shares, and the Calculation Agent will adjust any terms if necessary to preserve as nearly as practicable the economic terms of the Transaction for the remaining Shares; or