Postponement - Equity Derivatives Provision

Text of Section 6.7(c)intro and 6.7(c)(ii), 2002 ISDA Equity Derivatives Definitions

6.7(c) Averaging Date Disruption. If any Averaging Date is a Disrupted Day, then, if under "Averaging Date Disruption” the consequence specified in the related Confirmation is:

— 6.7(c)intro, 2002 ISDA Equity Derivatives Definitions

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6.7(c)(ii) “Postponement”, then Section 6.6 will apply for purposes of determining the relevant level, price or amount on that Averaging Date as if such Averaging Date were a Valuation Date that was a Disrupted Day irrespective of whether, pursuant to such determination, that deferred Averaging Date would fall on a date that already is or is deemed to be an Averaging Date for the Transaction; or

— 6.7(c)(ii), 2002 ISDA Equity Derivatives Definitions

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Postponement is one of the definitions in use in Section 6.7(c) (Averaging Date Disruption) of the 2002 ISDA Equity Derivatives Definitions.

See also Omission and Modified Postponement.

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