Template:2002 ISDA Equity Derivatives Definitions 12.7(a): Difference between revisions

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{{eqderivprov|12.7(a)}} If, in respect of an {{eqderivprov|Extraordinary Event}}, "'''{{eqderivprov|Cancellation and Payment}}'''" or "'''{{p|eq|Partial Cancellation and Payment|Partial}}''' '''{{p|eq|Partial Cancellation and Payment|Cancellation and Payment}}'''" applies or is deemed to apply to the relevant {{eqderivprov|Transaction}} (or a portion thereof), then an amount will be paid by one party to the other determined as provided in clause (b) or (c) below, such payment to be made not later than three {{eqderivprov|Currency Business Days}} following the date that notice of the determination by the {{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be, of such amount (denominated in the currency for settlement of the {{eqderivprov|Transaction}} as determined by the {{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be) and which party shall pay such amount is effective, which notice shall be provided promptly following such determination. <br>
{{eqderivprov|12.7(a)}} If, in respect of an {{eqderivprov|Extraordinary Event}}, “'''{{eqderivprov|Cancellation and Payment}}'''” or “'''{{eqderivprov|Partial Cancellation and Payment}}'''” applies or is deemed to apply to the relevant {{eqderivprov|Transaction}} (or a portion thereof), then an amount will be paid by one party to the other determined as provided in clause (b) or (c) below, such payment to be made not later than three {{eqderivprov|Currency Business Days}} following the date that notice of the determination by the {{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be, of such amount (denominated in the currency for settlement of the {{eqderivprov|Transaction}} as determined by the {{eqderivprov|Calculation Agent}} or the {{eqderivprov|Determining Party}}, as the case may be) and which party shall pay such amount is effective, which notice shall be provided promptly following such determination. <br>

Latest revision as of 11:44, 13 September 2018

12.7(a) If, in respect of an Extraordinary Event, “Cancellation and Payment” or “Partial Cancellation and Payment” applies or is deemed to apply to the relevant Transaction (or a portion thereof), then an amount will be paid by one party to the other determined as provided in clause (b) or (c) below, such payment to be made not later than three Currency Business Days following the date that notice of the determination by the Calculation Agent or the Determining Party, as the case may be, of such amount (denominated in the currency for settlement of the Transaction as determined by the Calculation Agent or the Determining Party, as the case may be) and which party shall pay such amount is effective, which notice shall be provided promptly following such determination.

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