Options Exchange Adjustment (Merger Events) - Equity Derivatives Provision

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2002 ISDA Equity Derivatives Definitions
A Jolly Contrarian owner’s manual™

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Section 12.2(c) in a Nutshell™

Use at your own risk, campers!
12.2(c) “Options Exchange Adjustment”, then the Calculation Agent will adjust the Transaction per Options Exchange Adjustment in Section 11.2(b) (but ignoring the words “diluting or concentrative”);

Full text of Section 12.2(c)

12.2(c) “Options Exchange Adjustment”, then following each adjustment to the settlement terms of options on any relevant Shares traded on any Options Exchange, the Calculation Agent will make one or more adjustments as provided in Section 11.2(b) (without regard to the words “diluting or concentrative” in the second sentence);


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Section 12.2. Consequences of Merger Events

12.2(a). “Alternative Obligation (Merger Events)”
12.2(b). “Cancellation and Payment (Merger Events)”
12.2(c). “Options Exchange Adjustment (Merger Events)”
12.2(d). “Calculation Agent Adjustment (Merger Events)”
12.2(e). “Modified Calculation Agent Adjustment (Merger Events)”
12.2(f). “Partial Cancellation and Payment (Merger Events)”
12.2(g). “Component Adjustment (Merger Events)”
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See also

Template:M sa Equity Derivatives 12.2(c)

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References

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