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

Revision as of 10:52, 13 May 2022

12.2(b) “Cancellation and Payment”, then the relevant Transaction will be cancelled as of the Merger Date and:

(i) Option Transactions: Seller will pay Buyer the Section 12.7(b) amount, and

(ii) Forward Transactions and Equity Swap Transactions: one party will pay the other a 12.7(c) amount;

@@ Line 1: / Line 1: @@
-:{{eqderivprov|12.2(b)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then
+:{{eqderivprov|12.2(b)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then the relevant Transaction will be cancelled as of the {{eqderivprov|Merger Date}} and:
-::(i) An {{eqderivprov|Option Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay {{eqderivprov|Buyer}} the Section {{eqderivprov|12.7(b)}} amount, and
+::(i) {{eqderivprov|Option Transaction}}s: {{eqderivprov|Seller}} will pay {{eqderivprov|Buyer}} the Section {{eqderivprov|12.7(b)}} amount, and
-::(ii) A {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and one party will pay the other a {{eqderivprov|12.7(c)}} amount; <br>
+::(ii) {{eqderivprov|Forward Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s: one party will pay the other a {{eqderivprov|12.7(c)}} amount; <br>