Template:2002 ISDA Equity Derivatives Definitions 12.8(b): Difference between revisions
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:{{eqderivprov|12.8(b)}} Any {{eqderivprov|Cancellation Amount}} will be determined by the {{eqderivprov|Determining Party}} (or its agent), which will act in good faith and use commercially reasonable procedures in order to produce a commercially reasonable result. Each {{eqderivprov|Cancellation Amount}} will be determined as of the date that the {{eqderivprov|Transaction}} terminated or cancelled or, if that would not be commercially reasonable, as of the date or dates following the date that the {{eqderivprov|Transaction}} terminated or cancelled as would be commercially reasonable. <br> | :{{eqderivprov|12.8(b)}} Any {{eqderivprov|Cancellation Amount}} will be determined by the {{eqderivprov|Determining Party}} (or its agent), which will act in good faith and use {{eqderivprov|commercially reasonable procedures}} in order to produce a [[commercially reasonable]] result. Each {{eqderivprov|Cancellation Amount}} will be determined as of the date that the {{eqderivprov|Transaction}} terminated or cancelled or, if that would not be [[commercially reasonable]], as of the date or dates following the date that the {{eqderivprov|Transaction}} terminated or cancelled as would be [[commercially reasonable]]. <br> | ||
Latest revision as of 17:47, 12 April 2017
- 12.8(b) Any Cancellation Amount will be determined by the Determining Party (or its agent), which will act in good faith and use commercially reasonable procedures in order to produce a commercially reasonable result. Each Cancellation Amount will be determined as of the date that the Transaction terminated or cancelled or, if that would not be commercially reasonable, as of the date or dates following the date that the Transaction terminated or cancelled as would be commercially reasonable.