Template:M comp disc Equity Derivatives 12.3: Difference between revisions

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{{2002 ISDA Equity Derivatives Definitions Section 12.3 TOC}}
{{2002 ISDA Equity Derivatives Definitions Section 12.3 TOC}}
{{Eqdef Merger Events Tender Offers comp}}

Revision as of 09:53, 3 May 2022

Section 12.3. Consequences of Tender Offers

12.3(a) Cancellation and Payment (Tender Offers)
12.3(b) Options Exchange Adjustment (Tender Offers)
12.3(c) Calculation Agent Adjustment (Tender Offers)
12.3(d) Modified Calculation Agent Adjustment (Tender Offers)
12.3(e) Partial Cancellation and Payment (Tender Offers)
12.3(f) Component Adjustment (Tender Offers)

A comparison reveals that the consequences for Merger Events under Section 12.2 and Tender Offers under Section 12.3 are, but for the section about alternative Obligations, effectively the same, belying unnecessary semantic complication in the structure of this document, if you are interested in that kind of thing. (Most legal eagles aren’t, we tend to find.)