Template:Nutshell Equity Derivatives 12.9(b)(i): Difference between revisions

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::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event either party may elect to terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the {{eqderivprov|Change in Law}}), in which event the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other. <br>
::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” applies, then if it happens either party may terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice (or less if required under {{eqderivprov|Change in Law}}), the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br>
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