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| Section {{eqderivprov|12.4}}. '''{{eqderivprov|Settlement Following a Merger Event or Tender Offer}}'''. <br>
| | {{eqderivprov|12.4}}. '''{{eqderivprov|Settlement Following a Merger Event or Tender Offer}}'''. <br> |
| (a) If {{eqderivprov|Other Consideration}} is required to be valued in relation to a {{eqderivprov|Cash-settled Transaction}} that has been adjusted following a {{eqderivprov|Merger Event}} or {{eqderivprov|Tender Offer}}, the {{eqderivprov|Other Consideration}} will be valued by the {{eqderivprov|Calculation Agent}} on each {{eqderivprov|Valuation Date}} or {{eqderivprov|Averaging Date}}, as the case may be. [[For the avoidance of doubt]], the provisions of these Definitions relating to {{eqderivprov|Market Disruption Events}} will not apply to {{eqderivprov|Other Consideration}}. <br>
| | Where, following a {{eqderivprov|Merger Event}} or {{eqderivprov|Tender Offer}} and adjustment of: |
| (b) If {{eqderivprov|New Shares}} are required to be delivered in relation to a {{eqderivprov|Physically-settled Transaction}} that has been adjusted following a {{eqderivprov|Merger Event}} or {{eqderivprov|Tender Offer}}, then the deliveror will deliver the relevant {{eqderivprov|New Shares}} in accordance with the terms of settlement set out in the related {{isdaprov|Confirmation}}, provided that if on the relevant {{eqderivprov|Settlement Date}} a holder of the {{eqderivprov|Shares}} would not yet have received the {{eqderivprov|New Shares}} to which it is entitled, the {{eqderivprov|Settlement Date}} with respect to such {{eqderivprov|New Shares}} will be postponed to the first Clearance System Business Day falling on or after the first day on which a holder of the relevant {{eqderivprov|Shares}}, having received the {{eqderivprov|New Shares}}, would be able to deliver such {{eqderivprov|New Shares}} to the other party. <br> | | :(a) '''A {{eqderivprov|Cash-settled}} {{eqderivprov|Transaction}}''': the {{eqderivprov|Calculation Agent}} will value the {{eqderivprov|Other Consideration}} as necessry on each {{eqderivprov|Valuation Date}} or {{eqderivprov|Averaging Date}}. <br> |
| (c) If {{eqderivprov|Other Consideration}} is required to be delivered in relation to a {{eqderivprov|Physically-settled Transaction}} that has been adjusted following a {{eqderivprov|Merger Event}} or {{eqderivprov|Tender Offer}}, then the deliveror will deliver the relevant {{eqderivprov|Other Consideration}} to the other party in a [[commercially reasonable manner]] in accordance with the reasonable directions of the other party as soon as reasonably practicable after the later of (i) the relevant {{eqderivprov|Settlement Date}} and (ii) the first day on which a holder of the relevant {{eqderivprov|Shares}}, having received the {{eqderivprov|Other Consideration}}, would be able to deliver such {{eqderivprov|Other Consideration}} to the other party. <br> | | :(b) '''A {{eqderivprov|Physically-settled}} {{eqderivprov|Transaction}}''':Where: |
| | ::(i) {{eqderivprov|New Shares}} are required to be delivered, the deliveror will deliver them per the settlement terms in the {{isdaprov|Confirmation}} (though, if it would not have received its {{eqderivprov|New Share}} entitlement by the {{eqderivprov|Settlement Date}}, the relevant {{eqderivprov|Settlement Date}} will be postponed to the first {{eqderivprov|Clearance System Business Day}} on which it would be able to deliver {{eqderivprov|New Shares}} to the other party. <br> |
| | ::(ii) {{eqderivprov|Other Consideration}} is required to be delivered, the deliveror will deliver it to the other party as the other party directs, as soon as reasonably practicable after the later of: |
| | :::(1) the {{eqderivprov|Settlement Date}}; and |
| | :::(2) the first day on which {{eqderivprov|Share}}holder, having received the {{eqderivprov|Other Consideration}}, would be able to deliver it to the other party. <br> |