Template:Nutshell Equity Derivatives 12.3(d): Difference between revisions
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{{eqderivprov|12.3(d)}} If “{{eqderivprov|Modified Calculation Agent Adjustment (Tender Offers)}}” is specified then, after the {{eqderivprov|Tender Offer Date}}, {{eqderivprov|Calculation Agent}} will either (i) adjust the {{eqderivprov|Transaction}} to account for the economic effect of the {{eqderivprov|Tender Offer}} in its determination, or (ii) if that would not produce a [[commercially reasonable]] result, terminate the Transaction, in which case “{{eqderivprov|Cancellation and Payment}}” will under Section {{eqderivprov|12.7}} (and for an {{eqderivprov|Option Transaction}}, "{{eqderivprov|Calculation Agent Determination}}" will apply). <br> | {{eqderivprov|12.3(d)}} If “'''{{eqderivprov|Modified Calculation Agent Adjustment (Tender Offers)}}'''” is specified then, after the {{eqderivprov|Tender Offer Date}}, {{eqderivprov|Calculation Agent}} will either (i) adjust the {{eqderivprov|Transaction}} to account for the economic effect of the {{eqderivprov|Tender Offer}} in its determination, or (ii) if that would not produce a [[commercially reasonable]] result, terminate the Transaction, in which case “{{eqderivprov|Cancellation and Payment}}” will under Section {{eqderivprov|12.7}} (and for an {{eqderivprov|Option Transaction}}, "{{eqderivprov|Calculation Agent Determination}}" will apply). <br> | ||
Revision as of 09:28, 14 June 2017
12.3(d) If “Modified Calculation Agent Adjustment (Tender Offers)” is specified then, after the Tender Offer Date, Calculation Agent will either (i) adjust the Transaction to account for the economic effect of the Tender Offer in its determination, or (ii) if that would not produce a commercially reasonable result, terminate the Transaction, in which case “Cancellation and Payment” will under Section 12.7 (and for an Option Transaction, "Calculation Agent Determination" will apply).