83,743
edits
Amwelladmin (talk | contribs) (Created page with ":{{eqderivprov|12.9(b)(vi)}} If "'''{{eqderivprov|Increased Cost of Hedging}}'''" is specified in the related {{eqderivprov|Confirmation}} to be <br>applicable to a {{eqderivp...") |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
:{{eqderivprov|12.9(b)(vi)}} If | :{{eqderivprov|12.9(b)(vi)}} If “'''{{eqderivprov|Increased Cost of Hedging}}'''” is specified in the related {{eqderivprov|Confirmation}} to be <br>applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event the {{eqderivprov|Hedging Party}} will <br>give prompt notice to the {{eqderivprov|Non-Hedging Party}} that such increased costs have been incurred and <br>that a {{eqderivprov|Price Adjustment}} will be made to the {{eqderivprov|Transaction}}. The {{eqderivprov|Non-Hedging Party}} shall, within <br>two {{eqderivprov|Scheduled Trading Days}} of receipt of the notice of {{eqderivprov|Increased Cost of Hedging}} and <br>corresponding {{eqderivprov|Price Adjustment}}, notify the {{eqderivprov|Hedging Party}} that it elects to (A) agree to amend the <br>relevant {{eqderivprov|Transaction}} to take into account the {{eqderivprov|Price Adjustment}}, (B) pay the {{eqderivprov|Hedging Party}} an <br>amount determined by the {{eqderivprov|Calculation Agent}} that corresponds to the {{eqderivprov|Price Adjustment}} or (C) <br>terminate the {{eqderivprov|Transaction}} as of that second {{eqderivprov|Scheduled Trading Day}}. If such notice is not given <br>by the end of that second {{eqderivprov|Scheduled Trading Day}}, then the {{eqderivprov|Hedging Party}} may give notice that it <br>elects to terminate the {{eqderivprov|Transaction}}, specifying the date of such termination, which may be the <br>same day that the notice of termination is effective. If either party elects to terminate the <br>{{eqderivprov|Transaction}}, the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party <br>to the other. <br> |