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| {{eqderivsnap|12.1(b)}} | | {{eqdmanual|12.1(b)}} |
| ====Commentary====
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| In summary, this breaks down into:
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| *'''Transfer''': an irrevocable commitment to transfer all the {{eqderivprov|Shares}} to another entity;
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| *'''Merger''': merger or binding share exchange of the Issuer with or into another entity where the other entity survives;
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| *'''100% Takeover offer''': takeover or tender offer for 100% of outstanding {{eqderivprov|Shares}} by any entity;
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| *'''Reverse Merger''': merger binding share exchange of the Issuer with or into another entity where the Issuer survives but represents less than 50% of the resulting entity;
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| Where the {{eqderivprov|Merger Date}} is before the final settlement date.
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| Note that, by contrast, the "{{eqderivprov|Tender Offer}}" {{eqderivprov|Extraordinary Event}} is triggered by greater than 10% but less than 100% of the outstanding voting shares of the {{eqderivprov|Issuer}}. So the two do not in fact overlap.
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| See with respect to {{eqderivprov|Merger Events}}:
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| *{{eqderivprov|Calculation Agent Adjustment}};
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| *{{eqderivprov|Modified Calculation Agent Adjustment}}.
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| ====Related Provisions====
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| {{eqderivanatomy}}
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