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

Template:Nutshell Equity Derivatives 12.2(b) (view source)

220 bytes removed , 13 May 2022

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 :{{eqderivprov|12.2(b)}} “'''{{eqderivprov|Cancellation and Payment}}'''”, then
-::(i) in the case of an {{eqderivprov|Option Transaction}}, the Option Transaction will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7(b)}}, and
+::(i) An {{eqderivprov|Option Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay {{eqderivprov|Buyer}} the Section {{eqderivprov|12.7(b)}} amount, 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|Merger Date}} and an amount calculated in accordance with {{eqderivprov|12.7(c)}} will be paid by one party to the other; <br>
+::(ii) A {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and one party will pay the other a {{eqderivprov|12.7(c)}} amount; <br>