Template:2002 ISDA Equity Derivatives Definitions Dividend Recovery: Difference between revisions

:(i) the amount actually paid or delivered by an Issuer to holders of record of the relevant {{eqderivprov|Share}} in respect of any {{eqderivprov|Qualifying Dividend}}

declared by such {{eqderivprov|Issuer}} (a “'''{{eqderivprov|Declared Dividend}}'''”) to holders of record of such {{eqderivprov|Share}} is not equal to such {{eqderivprov|Declared Dividend}} (a “'''{{eqderivprov|Dividend Mismatch Event}}'''”); or <br>

:(ii) such Issuer fails to make any payment or delivery in respect of such {{eqderivprov|Declared Dividend}} by the third {{isdaprov|Business Day}} following the relevant due date, then the {{eqderivprov|Calculation Agent}} may (but need not) determine any appropriate correction or repayment to be made by a party to account for such {{eqderivprov|Dividend Mismatch Event}} or non-payment or non-delivery, [[as the case may be]], and determine the date any such repayment should be made, together with interest on such repayment amount as determined by the {{eqderivprov|Calculation Agent}}. <br>