Template:2002 ISDA Equity Derivatives Definitions 12.2(d)
12.2(d) "Calculation Agent Adjustment", then, on or after the relevant Merger Date, the
Calculation Agent shall either (i)(A) make such adjustment to the exercise, settlement, payment or any
other terms of the Transaction as the Calculation Agent determines appropriate to account for the
economic effect on the Transaction of such Merger Event (provided that no adjustments will be made to
account solely for changes in volatility, expected dividends, stock loan rate or liquidity relevant to the
Shares or to the Transaction), which may, but need not, be determined by reference to the adjustment(s)
made in respect of such Merger Event by an options exchange to options on the relevant Shares traded on
such options exchange and (B) determine the effective date of that adjustment, or (ii) if the Calculation
Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable
result, notify the parties that the relevant consequence shall be the termination of the Transaction, in
which case "Cancellation and Payment" will be deemed to apply and any payment to be made by one
party to the other shall be calculated in accordance with Section 12.7, and in respect of an Option
Transaction, the Calculation Agent shall determine the amount of such payment as if "Calculation Agent
Determination" applied to the Option Transaction;