Template:2002 ISDA Equity Derivatives Definitions 12.2(f): Difference between revisions
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{{eqderivprov|12.2(f)}} | {{eqderivprov|12.2(f)}} “'''{{eqderivprov|Partial Cancellation and Payment}}'''”, then, in respect of a {{eqderivprov|Share Basket Transaction}}, that <br>portion of the {{eqderivprov|Share Basket Transaction}} represented by {{eqderivprov|Affected Shares}} will be cancelled as of the <br>{{eqderivprov|Merger Date}}, the amount calculated in accordance with Section {{eqderivprov|12.7}} in respect of such {{eqderivprov|Affected Shares}} <br>will be paid by one party to the other, the remainder of the {{eqderivprov|Share Basket Transaction}} will continue with <br>the {{eqderivprov|Basket}} comprising {{eqderivprov|Shares}} that are not {{eqderivprov|Affected Shares}}, and the {{eqderivprov|Calculation Agent}} will adjust any <br>relevant terms if necessary to preserve as nearly as practicable the economic terms of the {{eqderivprov|Transaction}} for <br>the remaining {{eqderivprov|Shares}}; or <br> | ||
Revision as of 19:07, 15 September 2016
12.2(f) “Partial Cancellation and Payment”, then, in respect of a Share Basket Transaction, that
portion of the Share Basket Transaction represented by Affected Shares will be cancelled as of the
Merger Date, the amount calculated in accordance with Section 12.7 in respect of such Affected Shares
will be paid by one party to the other, the remainder of the Share Basket Transaction will continue with
the Basket comprising Shares that are not Affected Shares, and the Calculation Agent will adjust any
relevant terms if necessary to preserve as nearly as practicable the economic terms of the Transaction for
the remaining Shares; or