Template:Nutshell Equity Derivatives 12.3(a): Difference between revisions

 

:{{eqderivprov|12.3(a)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then (i) in the case of an {{eqderivprov|Option Transaction}}, the {{eqderivprov|Option Transaction}} will be cancelled as of the {{eqderivprov|Tender Offer Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7}}({{eqderivprov|b}}), and (ii) in the case of a {{eqderivprov|Forward Transaction}} or an {{eqderivprov|Equity Swap Transaction}}, the {{eqderivprov|Forward Transaction}} or the {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Tender Offer Date}} and an amount calculated in accordance with Section {{eqderivprov|12.7}}({{eqderivprov|c}}) will be paid by one party to the other; <br>