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}}: | ||
:(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}}” | ::(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}}” | ||
:(ii) 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}}”; | ||
:(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 | ::(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 | ||
:(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> | ::(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> | ||
Latest revision as of 16:19, 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).