Template:Nutshell Equity Derivatives 12.3(a): Difference between revisions

Revision as of 15:50, 21 April 2022

12.3(a) “Cancellation and Payment”, then the Transaction in question will be cancelled as of the Tender Offer Date and:

(i) Under an Option Transaction, Seller will pay Buyer the amount calculated under Section 12.7(b), and

(ii) Under a Forward Transaction or a Equity Swap Transaction one party will pay to the other the amount calculated under Section 12.7(c);

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+:{{eqderivprov|12.3(a)}}	“'''{{eqderivprov|Cancellation and Payment}}'''”, then the {{eqderivprov|Transaction}} in question will be cancelled as of the {{eqderivprov|Tender Offer Date}} and:
-:{{eqderivprov|12.3(a)}}	“'''{{eqderivprov|Cancellation and Payment}}'''”, then (i) in the case of an {{eqderivprov|Option Transaction}}, the {{eqderivprov|Option Transaction}} will be cancelled as of the {{eqderivprov|Tender Offer Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7}}({{eqderivprov|b}}), and (ii) in the case of a {{eqderivprov|Forward Transaction}} or an {{eqderivprov|Equity Swap Transaction}}, the {{eqderivprov|Forward Transaction}} or the {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Tender Offer Date}} and an amount calculated in accordance with Section {{eqderivprov|12.7}}({{eqderivprov|c}}) will be paid by one party to the other; <br>
+::(i) Under an {{eqderivprov|Option Transaction}}, {{eqderivprov|Seller}} will pay {{eqderivprov|Buyer}} the amount calculated under Section {{eqderivprov|12.7}}({{eqderivprov|b}}), and
+::(ii) Under a {{eqderivprov|Forward Transaction}} or a {{eqderivprov|Equity Swap Transaction}} one party will pay to the other the amount calculated under Section {{eqderivprov|12.7}}({{eqderivprov|c}}); <br>