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Template:2002 ISDA Equity Derivatives Definitions 12.8(b): Difference between revisions
Template:2002 ISDA Equity Derivatives Definitions 12.8(b) (view source)
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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> | ||