Template:Nutshell Equity Derivatives 12.9(b)(i): Difference between revisions

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::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event either party may elect to terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the {{eqderivprov|Change in Law}}), in which event the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other. <br>
::{{eqderivprov|12.9(b)(i)}} If '''{{eqderivprov|Change in Law}}''' or '''{{eqderivprov|Insolvency Filing}}''' applies and one happens, either party may terminate the {{eqderivprov|Transaction}} two {{eqderivprov|Scheduled Trading Days}}’ notice (or less, if required under {{eqderivprov|Change in Law}}), and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br>

Latest revision as of 14:33, 17 April 2020

12.9(b)(i) If Change in Law or Insolvency Filing applies and one happens, either party may terminate the Transaction two Scheduled Trading Days’ notice (or less, if required under Change in Law), and the Determining Party will determine the Cancellation Amount.
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