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This is, of course, not what Section 12.7(c) says at all. As we have noted, it says, “... an amount will be payable equal to one-half of the '''difference''' between the Cancellation Amount of the party with the higher Cancellation Amount (“X”) and the Cancellation Amount of the party with the lower Cancellation Amount (“Y”) ... ” | This is, of course, not what Section 12.7(c) says at all. As we have noted, it says, “... an amount will be payable equal to one-half of the '''difference''' between the Cancellation Amount of the party with the higher Cancellation Amount (“X”) and the Cancellation Amount of the party with the lower Cancellation Amount (“Y”) ... ” | ||
Elsewhere it | Elsewhere — discussed at somewhat greater length [[Determining Party - Equity Derivatives Provision|here]] — it indicates the {{eqderivprov|Determining Party}} really is meant to be the person who is doing the hedging: | ||
{{Quote|“{{cancellation amount UG}}”}} | {{Quote|“{{cancellation amount UG}}”}} |