Template:M comp disc Equity Derivatives 12.1

Article 12. Extraordinary Events

Section 12.1. General Provisions Relating to Extraordinary Events

12.1(a). “Extraordinary Event”

12.1(b). “Merger Event”

12.1(c). “Merger Date”

12.1(d). “Tender Offer”

12.1(e). “Tender Offer Date”

12.1(f). “Share-for-Share”

12.1(g). “Share-for-Other”

12.1(h). “Share-for-Combined”

12.1(i). “New Shares”

12.1(j). “Other Consideration”

12.1(k). “Combined Consideration”

12.1(l). “Announcement Date”

12.1(m). “Implied Volatility”

12.1(n). “Affected Shares”

Section 12.2. Consequences of Merger Events

12.2(a). “Alternative Obligation (Merger Events)”

12.2(b). “Cancellation and Payment (Merger Events)”

12.2(c). “Options Exchange Adjustment (Merger Events)”

12.2(d). “Calculation Agent Adjustment (Merger Events)”

12.2(e). “Modified Calculation Agent Adjustment (Merger Events)”

12.2(f). “Partial Cancellation and Payment (Merger Events)”

12.2(g). “Component Adjustment (Merger Events)”

Section 12.3. Consequences of Tender Offers

12.3(a) Cancellation and Payment (Tender Offers)

12.3(b) Options Exchange Adjustment (Tender Offers)

12.3(c) Calculation Agent Adjustment (Tender Offers)

12.3(d) Modified Calculation Agent Adjustment (Tender Offers)

12.3(e) Partial Cancellation and Payment (Tender Offers)

12.3(f) Component Adjustment (Tender Offers)

Section 12.4. Settlement Following a Merger Event or Tender Offer
Section 12.5. Composition of Combined Consideration
Section 12.6. Nationalization, Insolvency and Delisting
Section 12.7. Payment upon Certain Extraordinary Events

12.7(a) (Cancellation and Payment; Partial Cancellation and Payment)

12.7(b) (Effect of Extraordinary Events on Option Transactions)

12.7(c) (Effect of Extraordinary Events on Forward Transactions and Equity Swap Transactions)

Section 12.8. Cancellation Amount

12.8(a) “Cancellation Amount”

12.8(b) “Means of determination”

12.8(c) “Determination”

12.8(d) “Quotations”

12.8(e) “Liquidation of hedges”

12.8(f) “Determining Party”

12.8(g) “Commercially reasonable procedures”

Section 12.9. Additional Disruption Events

Section 12.9(a): The actual Additional Disruption Events

12.9(a)(i) Additional Disruption Event

12.9(a)(ii) Change in Law

12.9(a)(iii) Failure to Deliver

12.9(a)(iv) Insolvency Filing

12.9(a)(v) Hedging Disruption

12.9(a)(vi) Increased Cost of Hedging

12.9(a)(vii) Loss of Stock Borrow

12.9(a)(viii) Increased Cost of Stock Borrow

Section 12.9(a): Other definitions relating to Additional Disruption Events

12.9(a)(ix) Hedging Party

12.9(a)(x) Hedging Shares

12.9(a)(xi) Lending Party

12.9(a)(xii) Non-Hedging Party

12.9(a)(xiii) Maximum Stock Loan Rate

12.9(a)(xiv) Initial Stock Loan Rate

12.9(a)(xv) Price Adjustment

12.9(b) Consequences of an Additional Disruption Event

12.9(b)(i) Consequences of Change in Law or Insolvency Filing

12.9(b)(ii) Consequences of Failure to Deliver

12.9(b)(iii) Consequences of Hedging Disruption

12.9(b)(iv) Consequences of Loss of Stock Borrow

12.9(b)(v) Consequences of Increased Cost of Stock Borrow

12.9(b)(vi) Consequences of Increased Cost of Hedging

12.9(b)(vii) Consequences of Hedging Disruption and Loss of Stock Borrow

12.9(b)(viii) Shares provided by the Non-Hedging Party

12.9(b)(ix) Cancellation Amount payable by one party to the other