83,256
edits
Template:2021 ISDA Interest Rate Derivatives Definitions 12.6.4: Difference between revisions
Template:2021 ISDA Interest Rate Derivatives Definitions 12.6.4 (view source)
Revision as of 11:59, 13 November 2023
, 13 November 2023no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
12.6.4 '''Multiple Exercise'''. If “ '''{{isdadefsprov|Multiple Exercise}}'''” applies to an {{isdadefsprov|American}} style or a {{isdadefsprov|Bermuda}} style {{isdadefsprov|Option Transaction}} or an {{isdadefsprov|American}} style or a {{isdadefsprov|Bermuda}} style {{isdadefsprov|Optional Early Termination Right}}, the rights under that {{isdadefsprov|Transaction}} may be exercised in accordance with this Section {{isdadefsprov|12.6.4}}. | {{isdadefsprov|12.6.4}} '''Multiple Exercise'''. If “ '''{{isdadefsprov|Multiple Exercise}}'''” applies to an {{isdadefsprov|American}} style or a {{isdadefsprov|Bermuda}} style {{isdadefsprov|Option Transaction}} or an {{isdadefsprov|American}} style or a {{isdadefsprov|Bermuda}} style {{isdadefsprov|Optional Early Termination Right}}, the rights under that {{isdadefsprov|Transaction}} may be exercised in accordance with this Section {{isdadefsprov|12.6.4}}. | ||
::(i) '''Full or Partial Exercise'''. The {{isdadefsprov|Buyer}} may exercise its rights in respect of all or less than all unexercised {{isdadefsprov|Notional Amount}} of the {{isdadefsprov|Underlying Transaction}} or the {{isdadefsprov|Transaction}} containing the rights, as applicable, on one or more days in the {{isdadefsprov|Exercise Period}}. | ::(i) '''Full or Partial Exercise'''. The {{isdadefsprov|Buyer}} may exercise its rights in respect of all or less than all unexercised {{isdadefsprov|Notional Amount}} of the {{isdadefsprov|Underlying Transaction}} or the {{isdadefsprov|Transaction}} containing the rights, as applicable, on one or more days in the {{isdadefsprov|Exercise Period}}. | ||
::(ii) '''{{isdadefsprov|Integral Multiple}}'''. Subject to paragraph (iv) below, if an amount is specified as the “{{isdadefsprov|Integral Multiple}}” in the Confirmation: | ::(ii) '''{{isdadefsprov|Integral Multiple}}'''. Subject to paragraph (iv) below, if an amount is specified as the “{{isdadefsprov|Integral Multiple}}” in the Confirmation: | ||