Template:Nutshell GMRA 2000 2(t): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{gmraprov|2(t)}} Securities are “'''{{gmraprov|equivalent}}''' to” other {{gmraprov|Securities}} if they are: <br> :(i) of the same issuer; <br> :(ii) part of the same is..." |
Amwelladmin (talk | contribs) m Amwelladmin moved page Template:Nutshell GMRA 2(t) to Template:Nutshell GMRA 2000 2(t) |
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:(i) of the same issuer; <br> | :(i) of the same issuer; <br> | ||
:(ii) part of the same issue; and | :(ii) part of the same issue; and | ||
:(iii) | :(iii) identical in type, nominal value, description and amount; provided that <br> | ||
::(A) Securities will be {{gmraprov|equivalent}} | ::(A) Securities will still be {{gmraprov|equivalent}} if they are redenominated into [[euro]] or their nominal value changes as a result; and | ||
::(B) where {{gmraprov|Securities}} | ::(B) where {{gmraprov|Securities}} are altered by a corporate event or their holders become entitled to receive any other property as a result, “'''{{gmraprov|equivalent}}''' to” will means those {{gmraprov|Securities}} as altered and any {{gmraprov|equivalent}} property due to such holders as a result; <br> | ||
Latest revision as of 15:15, 23 February 2020
2(t) Securities are “equivalent to” other Securities if they are:
- (i) of the same issuer;
- (ii) part of the same issue; and
- (iii) identical in type, nominal value, description and amount; provided that
- (A) Securities will still be equivalent if they are redenominated into euro or their nominal value changes as a result; and
- (B) where Securities are altered by a corporate event or their holders become entitled to receive any other property as a result, “equivalent to” will means those Securities as altered and any equivalent property due to such holders as a result;