Template:Nutshell Commodity Definitions Change in Law: Difference between revisions

If “'''{{commoddefprov|Change in Law}}'''” applies and a {{commoddefprov|Change in Law}} occurs, the Hedging Party may terminate the Transaction upon at least two {{commoddefprov|Business Day}}s’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the {{commoddefprov|Change in Law}}), and the Transaction will terminate and the Hedging Party will determine the Cancellation Amount payable by one party to the other in good faith using commercially reasonable procedures as of the date the Transaction was terminated (or such other dates as would be [[commercially reasonable]]), which may include Hedging Party’s pricing and valuation models for similar transactions with third parties which may differ depending on the type, complexity or size of the Transaction. <br>