Template:Nutshell Equity Derivatives 12.2(a): Difference between revisions

{{eqderivprov|12.2(a)}} “'''{{eqderivprov|Alternative Obligation}}'''”, then except for {{eqderivprov|Reverse Merger}}s, following the {{eqderivprov|Merger Date}}:

*the relevant {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} (as modified by any relevant terms and including any proceeds of any redemption) will be deemed to be the “{{eqderivprov|Shares}}”  

*if relevant, the new issuer will be deemed to be the “{{eqderivprov|Issuer}}”;

*those {{eqderivprov|New Shares}} or {{eqderivprov|Other Consideration}} to which an existing shareholder would be entitled upon completion of the {{eqderivprov|Merger Event}} will be deemed the relevant “{{eqderivprov|Number of Shares}}”; and  

*the {{eqderivprov|Calculation Agent}} will make other adjustments to the terms, as necessary (but will not adjust to account solely for changes in volatility, expected dividends, stock loan rate or liquidity).