Template:2002 ISDA Equity Derivatives Definitions 12.8(a): Difference between revisions

:{{eqderivprov|12.8(a)}} "'''{{eqderivprov|Cancellation Amount}}'''" means, with respect to a {{eqderivprov|Determining Party}}, the amount of the <br>losses or costs of the {{eqderivprov|Determining Party}} that are or would be incurred under then prevailing <br>circumstances (expressed as a positive number) or gains of the {{eqderivprov|Determining Party}} that are or would be <br>realized under then prevailing circumstances (expressed as a negative number) in replacing, or in <br>providing for the {{eqderivprov|Determining Party}} the economic equivalent of, (i) the material terms of the relevant <br>{{eqderivprov|Transaction}}, including the payments and deliveries by the parties under the {{eqderivprov|ISDA Master Agreement}} in <br>respect of the relevant {{eqderivprov|Transaction}} that would, but for the occurrence of the {{eqderivprov|Extraordinary Event}}, have <br>been required on or after the date that the {{eqderivprov|Transaction}} is, or is deemed to have been, terminated or <br>cancelled (assuming satisfaction of any applicable conditions precedent in the {{eqderivprov|ISDA Master Agreement}}) <br>and (ii) the option rights of the parties in respect of the relevant {{eqderivprov|Transaction}}. <br>