Template:UKA Annex (d)(iii): Difference between revisions
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{{ | {{ukaprov|(d)(iii)}} '''{{ukaprov|Partial Settlement}}''' <br> | ||
If, on the {{ | If, on the {{ukaprov|Delivery Date}}, {{ukaprov|Delivering Party}} delivers to {{ukaprov|Receiving Party}} fewer {{ukaprov|Allowances}} than the {{ukaprov|Allowances to be Delivered}} (such shortfall the “'''{{ukaprov|Allowance Shortfall}}'''”), {{ukaprov|Receiving Party}}’s obligation to pay pursuant to {{ukaprov|Physical Settlement}} above shall be reduced by an amount equal to the {{ukaprov|Allowance Shortfall}} multiplied by either the {{ukaprov|Allowance Purchase Price}} (in respect of an {{ukaprov|Allowance Forward Transaction}}) or the {{ukaprov|Allowance Strike Price}} (in respect of an {{ukaprov|Allowance Option Transaction}}), and the provisions of “{{ukaprov|Failure to Deliver}}” above will apply in respect of the {{ukaprov|Allowance Shortfall}} (with references to {{ukaprov|Number of Allowances}} (in the case of an {{ukaprov|Allowance Forward Transaction}}) and {{ukaprov|Allowances to be Delivered}} (in the case of an {{ukaprov|Allowance Option Transaction}}) being read as references to the {{ukaprov|Allowance Shortfall}}). <br> |