Template:2002 ISDA Equity Derivatives Definitions 12.7(a): Difference between revisions

{{eqderivprov|12.7(a)}} If, in respect of an {{eqderivprov|Extraordinary Event}}, "{{eqderivprov|Cancellation and Payment}}" or "{{p|eq|Partial Cancellation and Payment|Partial}} <br>{{p|eq|Partial Cancellation and Payment|Cancellation and Payment}}" applies or is deemed to apply to the relevant {{eqderivprov|Transaction}} (or a portion <br>thereof), then an amount will be paid by one party to the other determined as provided in clause (b) or (c) <br>below, such payment to be made not later than three {{eqderivprov|Currency Business Days}} following the date that <br>notice of the determination by the {{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be, of <br>such amount (denominated in the currency for settlement of the {{eqderivprov|Transaction}} as determined by the <br>{{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be) and which party shall pay such amount <br>is effective, which notice shall be provided promptly following such determination. <br>