Template:2002 ISDA Equity Derivatives Definitions 12.9(b)(iv): Difference between revisions

{{eqderivprov|12.9(b)(iv)}} If "{{eqderivprov|Loss of Stock Borrow}}" is specified in the related {{eqderivprov|Confirmation}} to be <br> applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event the {{eqderivprov|Hedging Party}} may <br>give notice that a {{eqderivprov|Loss of Stock Borrow}} has occurred to the {{eqderivprov|Non-Hedging Party}}, who may (A) <br>lend the {{eqderivprov|Hedging Party}}, subject to the conditions below, {{eqderivprov|Shares}} in an amount equal to the <br>{{eqderivprov|Hedging Shares}} at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}} or (B) refer the <br>{{eqderivprov|Hedging Party}} to a {{eqderivprov|Lending Party}} that will lend the {{eqderivprov|Hedging Party}} {{eqderivprov|Shares}} in an amount equal to <br>the {{eqderivprov|Hedging Shares}} at a rate equal to or less than the {{eqderivprov|Maximum Stock Loan Rate}}, in each case <br>within two {{eqderivprov|Scheduled Trading Days}} of receipt of the notice of {{eqderivprov|Loss of Stock Borrow}}. If neither <br>the {{eqderivprov|Non-Hedging Party}} nor the {{eqderivprov|Lending Party}} lends {{eqderivprov|Shares}} in the amount of the {{eqderivprov|Hedging Shares}} <br>or a satisfactory {{eqderivprov|Lending Party}} is not identified within this period, the {{eqderivprov|Hedging Party}} may give <br>notice that it elects to terminate the {{eqderivprov|Transaction}}, specifying the date of such termination, which <br>may be the same day that the notice of termination is effective. The {{eqderivprov|Determining Party}} will then <br>determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other. <br>