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

Revision as of 14:32, 17 April 2020

12.9(b)(i) If Change in Law or “Insolvency Filing applies and one happens, either party may terminate the Transaction two Scheduled Trading Days’ notice (or less, if required under Change in Law), and the Determining Party will determine the Cancellation Amount.

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	::{{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>		::{{eqderivprov\|12.9(b)(i)}} If '''{{eqderivprov\|Change in Law}}''' or “'''{{eqderivprov\|Insolvency Filing}}''' applies and one happens, either party may terminate the {{eqderivprov\|Transaction}} two {{eqderivprov\|Scheduled Trading Days}}’ notice (or less, if required under {{eqderivprov\|Change in Law}}), and the {{eqderivprov\|Determining Party}} will determine the {{eqderivprov\|Cancellation Amount}}. <br>