Template:2002 ISDA Equity Derivatives Definitions 12.9(a)(vii): Difference between revisions
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{{eqderivprov|12.9(a)(vii)}} “'''{{eqderivprov|Loss of Stock Borrow}}'''” means that the {{eqderivprov|Hedging Party}} is unable, after using commercially reasonable efforts, to borrow (or maintain a borrowing of) {{eqderivprov|Shares}} with respect to such {{eqderivprov|Transaction}} in an amount equal to the {{eqderivprov|Hedging Shares}} (not to exceed the number of {{eqderivprov|Shares}} underlying the {{eqderivprov|Transaction}}) at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}}; <br /> | ::{{eqderivprov|12.9(a)(vii)}} “'''{{eqderivprov|Loss of Stock Borrow}}'''” means that the {{eqderivprov|Hedging Party}} is unable, after using commercially reasonable efforts, to borrow (or maintain a borrowing of) {{eqderivprov|Shares}} with respect to such {{eqderivprov|Transaction}} in an amount equal to the {{eqderivprov|Hedging Shares}} (not to exceed the number of {{eqderivprov|Shares}} underlying the {{eqderivprov|Transaction}}) at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}}; <br /> | ||
Latest revision as of 12:00, 13 September 2018
- 12.9(a)(vii) “Loss of Stock Borrow” means that the Hedging Party is unable, after using commercially reasonable efforts, to borrow (or maintain a borrowing of) Shares with respect to such Transaction in an amount equal to the Hedging Shares (not to exceed the number of Shares underlying the Transaction) at a rate equal to or less than the Maximum Stock Loan Rate;
- 12.9(a)(vii) “Loss of Stock Borrow” means that the Hedging Party is unable, after using commercially reasonable efforts, to borrow (or maintain a borrowing of) Shares with respect to such Transaction in an amount equal to the Hedging Shares (not to exceed the number of Shares underlying the Transaction) at a rate equal to or less than the Maximum Stock Loan Rate;