Template:Nutshell GMRA 2000 2(t)

2(t) Securities are “equivalent to” other Securities if they are:

(i) of the same issuer;

(ii) part of the same issue; and

(iii) of an identical type, nominal value, description and amount; provided that

(A) Securities will be equivalent notwithstanding their redenomination into euro or that their nominal value has changed in connection with such redenomination; and

(B) where Securities have been converted, subdivided or consolidated or have become the subject of a takeover or the holders of Securities have become entitled to receive or acquire other Securities or other property or the Securities have become subject to any similar event, the expression “equivalent to” shall mean Securities equivalent to the original Securities together with equivalent property to that receivable by holders of such original Securities as a result;