Template:2002 ISDA Equity Derivatives Definitions 12.2(b): Difference between revisions

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{{eqderivprov|12.2(b)}} "'''{{eqderivprov|Cancellation and Payment}}'''", then (i) in the case of an {{eqderivprov|Option Transaction}}, the Option <br>Transaction will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in <br>accordance with Section {{eqderivprov|12.7(b)}}, and (ii) in the case of a {{eqderivprov|Forward Transaction}} or an Equity Swap <br>Transaction, the {{eqderivprov|Forward Transaction}} or the {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the Merger <br>Date and an amount calculated in accordance with {{eqderivprov|12.7(c)}} will be paid by one party to the other; <br>
:{{eqderivprov|12.2(b)}} '''{{eqderivprov|Cancellation and Payment}}''', then  
::(i) in the case of an {{eqderivprov|Option Transaction}}, the Option Transaction will be cancelled as of the {{eqderivprov|Merger Date}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the amount calculated in accordance with Section {{eqderivprov|12.7(b)}}, and  
::(ii) in the case of a {{eqderivprov|Forward Transaction}} or an {{eqderivprov|Equity Swap Transaction}}, the {{eqderivprov|Forward Transaction}} or the {{eqderivprov|Equity Swap Transaction}} will be cancelled as of the {{eqderivprov|Merger Date}} and an amount calculated in accordance with {{eqderivprov|12.7(c)}} will be paid by one party to the other; <br>