Template:Nutshell Equity Derivatives 12.9(b)(v): Difference between revisions

Template:Nutshell Equity Derivatives 12.9(b)(v) (view source)

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 :::(B) pay the {{eqderivprov|Hedging Party}} the {{eqderivprov|Price Adjustment}} or
 :::(C) terminate the {{eqderivprov|Transaction}} as of that second {{eqderivprov|Scheduled Trading Day}}.
-::Within this period, the {{eqderivprov|Non-Hedging Party}} may lend or procure a loan to the Hedging Party, of an amount of {{eqderivprov|Shares}} equal to the {{eqderivprov|Hedging Shares}} at or less than the {{eqderivprov|Initial Stock Loan Rate}} subject to the conditions below.
+::Within this period, the {{eqderivprov|Non-Hedging Party}} may lend the Hedging Party, the necessary {{eqderivprov|Hedging Shares}} at no more than the {{eqderivprov|Initial Stock Loan Rate}}.
-::If the {{eqderivprov|Non-Hedging Party}} doesn't make an election in that period the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}}. If either party terminates the {{eqderivprov|Transaction}}, the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br>
+::Absent such an election the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}}. On any termination of the {{eqderivprov|Transaction}}, the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br>