Template:2002 ISDA Equity Derivatives Definitions 12.1(b): Difference between revisions

12.1(b) “'''{{eqderivprov|Merger Event}}'''" means, in respect of any relevant {{eqderivprov|Shares}}, any (i) reclassification or <br>change of such {{eqderivprov|Shares}} that results in a transfer of or an irrevocable commitment to transfer all of such <br>{{eqderivprov|Shares}} outstanding to another entity or person, (ii) consolidation, amalgamation, merger or binding share <br>exchange of the {{eqderivprov|Issuer}} with or into another entity or person (other than a consolidation, amalgamation, <br>merger or binding share exchange in which such {{eqderivprov|Issuer}} is the continuing entity and which does not result <br>in a reclassification or change of all of such Shares outstanding), (iii) takeover offer, tender offer, <br>exchange offer, solicitation, proposal or other event by any entity or person to purchase or otherwise <br>obtain 100% of the outstanding Shares of the {{eqderivprov|Issuer}} that results in a transfer of or an irrevocable <br>commitment to transfer all such {{eqderivprov|Shares}} (other than such Shares owned or controlled by such other entity <br>or person), or (iv) consolidation, amalgamation, merger or binding share exchange of the Issuer or its <br>subsidiaries with or into another entity in which the {{eqderivprov|Issuer}} is the continuing entity and which does not <br>result in a reclassification or change of all such {{eqderivprov|Shares}} outstanding but results in the outstanding {{eqderivprov|Shares}} <br>(other than Shares owned or controlled by such other entity) immediately prior to such event collectively <br>representing less than 50% of the outstanding {{eqderivprov|Shares}} immediately following such event (a “'''{{prov2|eq|Reverse Merger|Reverse}}''' <br>'''{{prov2|eq|Reverse Merger|Merger}}'''"), in each case if the {{eqderivprov|Merger Date}} is on or before, (A) in the case of a {{eqderivprov|Physically}}-settled {{eqderivprov|Option}} <br>Transaction the later to occur of the {{eqderivprov|Expiration Date}} or the final {{eqderivprov|Settlement Date}}, (B) in the case of a <br>{{eqderivprov|Physically}}-settled {{eqderivprov|Forward Transaction}} or a {{eqderivprov|Physically}}-settled {{eqderivprov|Equity Swap Transaction}}, the relevant <br>{{eqderivprov|Settlement Date}} or, (C) in any other case, the final {{eqderivprov|Valuation Date}}. <br>