Template:Nutshell Equity Derivatives 12.2(b): Difference between revisions

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:{{eqderivprov|12.2(b)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then  
:{{eqderivprov|12.2(b)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then  
::(i) in the case of an {{eqderivprov|Option Transaction}}, the Option Transaction will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7(b)}}, and  
::(i) An {{eqderivprov|Option Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay {{eqderivprov|Buyer}} the Section {{eqderivprov|12.7(b)}} amount, 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|Merger Date}} and an amount calculated in accordance with {{eqderivprov|12.7(c)}} will be paid by one party to the other; <br>
::(ii) A {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and one party will pay the other a {{eqderivprov|12.7(c)}} amount; <br>

Revision as of 10:51, 13 May 2022

12.2(b)Cancellation and Payment”, then
(i) An Option Transaction will be cancelled as of the Merger Date and Seller will pay Buyer the Section 12.7(b) amount, and
(ii) A Forward Transaction or Equity Swap Transaction will be cancelled as of the Merger Date and one party will pay the other a 12.7(c) amount;