Template:Nutshell Equity Derivatives 12.6(a): Difference between revisions

Latest revision as of 11:42, 21 April 2022

12.6(a) The following definitions apply:

(i) “Nationalization” means all an Issuer’s Shares or substantially all of its assets have to be transferred to a government;

(ii) “Insolvency” means that an Issuer becomes insolvent and:

(A) all its Shares have to be transferred to an insolvency administrator or

(B) Shareholders of that Issuer are prohibited from transferring them; and

(iii) “Delisting” means that the Exchange announces that the Shares will cease to be listed on the Exchange (except because of a Merger Event or Tender Offer) and are not immediately re-listed on another exchange in the same country (or, where the Exchange is in the European Union, in the European Union).

@@ Line 1: / Line 1: @@
-{{eqderivprov|12.6}} '''{{eqderivprov|Nationalization, Insolvency and Delisting}}'''<br>
+{{eqderivprov|12.6(a)}} The following [[definition]]s apply: <br>
-{{2002 ISDA Equity Derivatives Definitions 12.6(a)}}
+:(i) “'''{{eqderivprov|Nationalization}}'''” means all an {{eqderivprov|Issuer}}’s {{eqderivprov|Shares}} or substantially all of its assets have to be transferred to a government; <br>
-{{2002 ISDA Equity Derivatives Definitions 12.6(b)}}
+:(ii) “'''{{eqderivprov|Insolvency}}'''” means that an {{eqderivprov|Issuer}} becomes insolvent and:
-{{2002 ISDA Equity Derivatives Definitions 12.6(c)}}
+::(A) all its {{eqderivprov|Shares}} have to  be transferred to an insolvency administrator or
+::(B) {{eqderivprov|Share}}holders  of that {{eqderivprov|Issuer}} are prohibited from transferring them; and <br>
+:(iii) “'''{{eqderivprov|Delisting}}'''” means that the {{eqderivprov|Exchange}} announces that the {{eqderivprov|Shares}} will cease to be listed on the {{eqderivprov|Exchange}}  (except because of  a {{eqderivprov|Merger Event}} or {{eqderivprov|Tender Offer}}) and are not immediately re-listed on another exchange in the same country (or, where the {{eqderivprov|Exchange}} is in the [[European Union]], in the [[European Union]]).<br>