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Template:2002 ISDA Equity Derivatives Definitions 12.7(b): Difference between revisions
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Template:2002 ISDA Equity Derivatives Definitions 12.7(b) (view source)
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{{eqderivprov|12.7(b)}} In respect of an {{eqderivprov|Option Transaction}}, the amount to be paid by {{eqderivprov|Seller}} to {{eqderivprov|Buyer}} will be as agreed promptly (and in any event within five {{eqderivprov|Exchange Business Days}}) by the parties after the Merger Date, the {{eqderivprov|Tender Offer Date}}, the date of cancellation in respect of an {{eqderivprov|Index Adjustment Event}} or the date of occurrence of any event described in Section {{eqderivprov|12.6}}, as the case may be (each such date, the "Closing Date"). If the parties are unable to agree on the amount, then: <br> | {{eqderivprov|12.7(b)}} In respect of an {{eqderivprov|Option Transaction}}, the amount to be paid by {{eqderivprov|Seller}} to {{eqderivprov|Buyer}} will be as agreed promptly (and in any event within five {{eqderivprov|Exchange Business Days}}) by the parties after the Merger Date, the {{eqderivprov|Tender Offer Date}}, the date of cancellation in respect of an {{eqderivprov|Index Adjustment Event}} or the date of occurrence of any event described in Section {{eqderivprov|12.6}}, as the case may be (each such date, the "Closing Date"). If the parties are unable to agree on the amount, then: <br> | ||
:{{eqderivprov|12.7(b)(i)}} if "'''{{eqderivprov|Agreed Model}}'''" is specified in the related {{eqderivprov|Confirmation}} to be applicable to such {{eqderivprov|Transaction}}, then the amount will be determined by the {{eqderivprov|Calculation Agent}} as the sum of the {{eqderivprov|Unadjusted Value}} and the {{eqderivprov|Adjustment Value}}. For the avoidance of doubt, the {{eqderivprov|Buyer}} shall not be required to pay any amount to the {{eqderivprov|Seller}} as a result of the cancellation of the {{eqderivprov|Option Transaction}} other than any unpaid {{eqderivprov|Premium}} which {{eqderivprov|Buyer}} will be obliged to pay to {{eqderivprov|Seller}} as of the date that the amount determined in this Section {{eqderivprov|12.7(b)(i)}} is paid. <br> | |||
{{2002 ISDA Equity Derivatives Definitions 12.7(b)(i)}} | {{2002 ISDA Equity Derivatives Definitions 12.7(b)(i)}} | ||
{{2002 ISDA Equity Derivatives Definitions 12.7(b)(ii)}} | {{2002 ISDA Equity Derivatives Definitions 12.7(b)(ii)}} | ||