Template:UKA Annex (d)(iii): Difference between revisions

{{euaprov|(d)(iii)}} '''{{euaprov|Partial Settlement}}''' <br>

If, on the {{euaprov|Delivery Date}}, {{euaprov|Delivering Party}} delivers to {{euaprov|Receiving Party}} fewer {{euaprov|Allowances}} than the {{euaprov|Allowances to be Delivered}} (such shortfall the “'''{{euaprov|Allowance Shortfall}}'''”), {{euaprov|Receiving Party}}’s obligation to pay pursuant to {{euaprov|Physical Settlement}} above shall be reduced by an amount equal to the {{euaprov|Allowance Shortfall}} multiplied by either the {{euaprov|Allowance Purchase Price}} (in respect of an {{euaprov|Allowance Forward Transaction}}) or the {{euaprov|Allowance Strike Price}} (in respect of an {{euaprov|Allowance Option Transaction}}), and the provisions of “{{euaprov|Failure to Deliver}}” above will apply in respect of the {{euaprov|Allowance Shortfall}} (with references to {{euaprov|Number of Allowances}} (in the case of an {{euaprov|Allowance Forward Transaction}}) and {{euaprov|Allowances to be Delivered}} (in the case of an {{euaprov|Allowance Option Transaction}}) being read as references to the {{euaprov|Allowance Shortfall}}). <br>