Template:Nutshell Equity Derivatives 12.2(e)
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- 12.3(d) If “Modified Calculation Agent Adjustment” is specified then, after the Merger Date, the Calculation Agent will either
- (i) adjust the Transaction to account for the economic effect of the Merger Date in its determination, or
- (ii) if that would not produce a commercially reasonable result, terminate the Transaction, at “Cancellation and Payment” (or, for an Option Transaction, “Calculation Agent Determination”) under Section 12.7.