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:(i) “'''[[Negotiated Close-out (Extraordinary Events) - Equity Derivatives Provision|Negotiated Close-out]]'''” means that the parties may, but are not obliged, to terminate the {{eqderivprov|Transaction}} on mutually acceptable terms and if the parties do not agree to terminate the {{eqderivprov|Transaction}}, then it continues on the terms and subject to the conditions then in effect, provided, that any {{eqderivprov|Physically-settled}} {{eqderivprov|Transaction}} will, at the election of either party, become a {{eqderivprov|Transaction}} to which {{eqderivprov|Cash Settlement}} is applicable, except that if a {{eqderivprov|Scheduled Valuation Date}} is a {{eqderivprov|Disrupted Day}}, the {{eqderivprov|Calculation Agent}} will ignore the provisions of Section {{eqderivprov|6.6}} relating to {{eqderivprov|Disrupted Day}}s and will instead determine its good faith estimate of the {{eqderivprov|Settlement Price}} or {{eqderivprov|Final Price}} as of the {{eqderivprov|Valuation Time}} on that {{eqderivprov|Valuation Date}}; <br> | :(i) “'''[[Negotiated Close-out (Extraordinary Events) - Equity Derivatives Provision|Negotiated Close-out]]'''” means that the parties may, but are not obliged, to terminate the {{eqderivprov|Transaction}} on mutually acceptable terms and if the parties do not agree to terminate the {{eqderivprov|Transaction}}, then it continues on the terms and subject to the conditions then in effect, provided, that any {{eqderivprov|Physically-settled}} {{eqderivprov|Transaction}} will, at the election of either party, become a {{eqderivprov|Transaction}} to which {{eqderivprov|Cash Settlement}} is applicable, except that if a {{eqderivprov|Scheduled Valuation Date}} is a {{eqderivprov|Disrupted Day}}, the {{eqderivprov|Calculation Agent}} will ignore the provisions of Section {{eqderivprov|6.6}} relating to {{eqderivprov|Disrupted Day}}s and will instead determine its good faith estimate of the {{eqderivprov|Settlement Price}} or {{eqderivprov|Final Price}} as of the {{eqderivprov|Valuation Time}} on that {{eqderivprov|Valuation Date}}; <br> | ||
:(ii) “'''[[Cancellation and Payment (Extraordinary Events) - Equity Derivatives Provision|Cancellation and Payment]]'''” means that the {{eqderivprov|Transaction}} will be cancelled as of the {{eqderivprov|Announcement Date}} and (A) in the case of an {{eqderivprov|Option Transaction}}, {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7(b)}}, and (B) in the case of a {{eqderivprov|Forward Transaction}} or an {{eqderivprov|Equity Swap Transaction}}, an amount calculated in accordance with Section {{eqderivprov|12.7(c)}} will be paid by one party to the other; and <br> | :(ii) “'''[[Cancellation and Payment (Extraordinary Events) - Equity Derivatives Provision|Cancellation and Payment]]'''” means that the {{eqderivprov|Transaction}} will be cancelled as of the {{eqderivprov|Announcement Date}} and (A) in the case of an {{eqderivprov|Option Transaction}}, {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7(b)}}, and (B) in the case of a {{eqderivprov|Forward Transaction}} or an {{eqderivprov|Equity Swap Transaction}}, an amount calculated in accordance with Section {{eqderivprov|12.7(c)}} will be paid by one party to the other; and <br> | ||
{{2002 ISDA Equity Derivatives Definitions 12.6(c)(iii)}} |