Loss of Stock Borrow - Equity Derivatives Provision

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2002 ISDA Equity Derivatives Definitions

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12.9(a)(vii) in a Nutshell

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12.9(a)(vii) in all its glory

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;

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Overview

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Summary

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See also

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References