Template:Nutshell Equity Derivatives 12.9(a)(ii): Difference between revisions
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::{{eqderivprov|12.9(a)(ii)}} “{{eqderivprov|Change in Law}}” means either party determines that due to | ::{{eqderivprov|12.9(a)(ii)}} “'''{{eqderivprov|Change in Law}}'''” means either party determines that, due to a change in [[law]] [[or]] [[regulation]]: | ||
:::(X) it becomes illegal to buy, sell or hold underlying {{eqderivprov|Shares}} or; | :::(X) it becomes [[Illegality|illegal]] to buy, sell or hold underlying {{eqderivprov|Shares}} or; | ||
:::[[Prong Y|(Y)]] it becomes materially more expensive to perform the {{eqderivprov|Transaction}}. <br> | :::[[Prong Y|(Y)]] it becomes materially more expensive to perform the {{eqderivprov|Transaction}}. <br> | ||
Latest revision as of 08:13, 2 October 2019
- 12.9(a)(ii) “Change in Law” means either party determines that, due to a change in law or regulation:
- (X) it becomes illegal to buy, sell or hold underlying Shares or;
- (Y) it becomes materially more expensive to perform the Transaction.
- 12.9(a)(ii) “Change in Law” means either party determines that, due to a change in law or regulation: