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

{{eqderivprov|12.2(d)}} "{{eqderivprov|Calculation Agent Adjustment}}", then, on or after the relevant {{eqderivprov|Merger Date}}, the <br>{{eqderivprov|Calculation Agent}} shall either (i)(A) make such adjustment to the exercise, settlement, payment or any <br>other terms of the {{eqderivprov|Transaction}} as the {{eqderivprov|Calculation Agent}} determines appropriate to account for the <br>economic effect on the {{eqderivprov|Transaction}} of such {{eqderivprov|Merger Event}} (provided that no adjustments will be made to <br>account solely for changes in volatility, expected dividends, stock loan rate or liquidity relevant to the <br>Shares or to the {{eqderivprov|Transaction}}), which may, but need not, be determined by reference to the adjustment(s) <br>made in respect of such {{eqderivprov|Merger Event}} by an options exchange to options on the relevant {{eqderivprov|Shares}} traded on <br>such options exchange and (B) determine the effective date of that adjustment, or (ii) if the Calculation <br>Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable <br>result, notify the parties that the relevant consequence shall be the termination of the {{eqderivprov|Transaction}}, in <br>which case "{{eqderivprov|Cancellation and Payment}}" will be deemed to apply and any payment to be made by one <br>party to the other shall be calculated in accordance with Section {{eqderivprov|12.7}}, and in respect of an Option <br>Transaction, the {{eqderivprov|Calculation Agent}} shall determine the amount of such payment as if "Calculation Agent <br>Determination" applied to the {{eqderivprov|Option Transaction}}; <br>