Template:2002 ISDA Equity Derivatives Definitions 12.9(b)(i): Difference between revisions
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{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{ | ::{{eqderivprov|12.9(b)(i)}} If “'''{{eqderivprov|Change in Law}}'''” or “'''{{eqderivprov|Insolvency Filing}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event either party may elect to terminate the {{eqderivprov|Transaction}} upon at least two {{eqderivprov|Scheduled Trading Days}}’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the {{eqderivprov|Change in Law}}), in which event the {{eqderivprov|Transaction}} will terminate and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other. <br> | ||
Latest revision as of 12:01, 13 September 2018
- 12.9(b)(i) If “Change in Law” or “Insolvency Filing” is specified in the related Confirmation to be applicable to a Transaction, then upon the occurrence of such an event either party may elect to terminate the Transaction upon at least two Scheduled Trading Days’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the Change in Law), in which event the Transaction will terminate and the Determining Party will determine the Cancellation Amount payable by one party to the other.
- 12.9(b)(i) If “Change in Law” or “Insolvency Filing” is specified in the related Confirmation to be applicable to a Transaction, then upon the occurrence of such an event either party may elect to terminate the Transaction upon at least two Scheduled Trading Days’ notice to the other party specifying the date of such termination (or such lesser notice as may be required to comply with the Change in Law), in which event the Transaction will terminate and the Determining Party will determine the Cancellation Amount payable by one party to the other.