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

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{{eqderivprov|12.2(a)}} “'''{{eqderivprov|Alternative Obligation}}'''”, then except for {{eqderivprov|Reverse Merger}}s, following the {{eqderivprov|Merger Date}}:
:{{eqderivprov|12.2(a)}} “'''{{eqderivprov|Alternative Obligation}}'''”, then except for {{eqderivprov|Reverse Merger}}s, following the {{eqderivprov|Merger Date}}:
*the relevant {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} (as modified by any relevant terms and including any proceeds of any redemption) will be deemed to be the “{{eqderivprov|Shares}}”  
:(i) the relevant {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} (as modified by any relevant terms and including any proceeds of any redemption) will be deemed to be the “{{eqderivprov|Shares}}”  
*if relevant, the new issuer will be deemed to be the “{{eqderivprov|Issuer}}”;
:(ii) if relevant, the new issuer will be deemed to be the “{{eqderivprov|Issuer}}”;
*those {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} to which an existing shareholder would be entitled upon completion of the {{eqderivprov|Merger Event}} will be deemed the relevant “{{eqderivprov|Number of Shares}}”; and  
:(iii) those {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} to which an existing shareholder would be entitled upon completion of the {{eqderivprov|Merger Event}} will be deemed the relevant “{{eqderivprov|Number of Shares}}”; and  
*the {{eqderivprov|Calculation Agent}} will make other adjustments to the terms, as necessary (but will not adjust to account solely for changes in volatility, expected dividends, stock loan rate or liquidity).
:(iv) the {{eqderivprov|Calculation Agent}} will make other adjustments to the terms, as necessary (but will not adjust to account solely for changes in volatility, expected dividends, stock loan rate or liquidity). <br>

Revision as of 16:18, 5 September 2018

12.2(a) “Alternative Obligation”, then except for Reverse Mergers, following the Merger Date:
(i) the relevant New Shares or Other Consideration (as modified by any relevant terms and including any proceeds of any redemption) will be deemed to be the “Shares”
(ii) if relevant, the new issuer will be deemed to be the “Issuer”;
(iii) those New Shares or Other Consideration to which an existing shareholder would be entitled upon completion of the Merger Event will be deemed the relevant “Number of Shares”; and
(iv) the Calculation Agent will make other adjustments to the terms, as necessary (but will not adjust to account solely for changes in volatility, expected dividends, stock loan rate or liquidity).
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