Template:2002 ISDA Equity Derivatives Definitions 12.9(a)(vii): Difference between revisions
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{{eqderivprov|12.9(a)(vii)}} "'''{{eqderivprov|Loss of Stock Borrow}}'''" means that the {{eqderivprov|Hedging Party}} is unable, after using <br>commercially reasonable efforts, to borrow (or maintain a borrowing of) {{eqderivprov|Shares}} with respect to <br>such {{eqderivprov|Transaction}} in an amount equal to the {{eqderivprov|Hedging Shares}} (not to exceed the number of {{eqderivprov|Shares}} <br>underlying the {{eqderivprov|Transaction}}) at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}}; | {{eqderivprov|12.9(a)(vii)}} "'''{{eqderivprov|Loss of Stock Borrow}}'''" means that the {{eqderivprov|Hedging Party}} is unable, after using <br>commercially reasonable efforts, to borrow (or maintain a borrowing of) {{eqderivprov|Shares}} with respect to <br>such {{eqderivprov|Transaction}} in an amount equal to the {{eqderivprov|Hedging Shares}} (not to exceed the number of {{eqderivprov|Shares}} <br>underlying the {{eqderivprov|Transaction}}) at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}}; <br> | ||
Revision as of 16:41, 18 March 2014
12.9(a)(vii) "Loss of Stock Borrow" means that the Hedging Party is unable, after using
commercially reasonable efforts, to borrow (or maintain a borrowing of) Shares with respect to
such Transaction in an amount equal to the Hedging Shares (not to exceed the number of Shares
underlying the Transaction) at a rate equal to or less than the Maximum Stock Loan Rate;