Template:Nutshell Equity Derivatives 12.2(e): Difference between revisions

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:{{eqderivprov|12.3(d)}} If “'''{{eqderivprov|Modified Calculation Agent Adjustment (Tender Offers)}}'''” is specified then, after the {{eqderivprov|Merger Date}}, the {{eqderivprov|Issuer}} and the {{eqderivprov|Shares}} will not change, but {{eqderivprov|Calculation Agent}} will either (i) adjust the {{eqderivprov|Transaction}} to account for the economic effect of the {{eqderivprov|Merger Offer}} in its determination, or (ii) if that would not produce a [[commercially reasonable]] result, terminate the Transaction, in which case “{{eqderivprov|Cancellation and Payment}}” will under Section {{eqderivprov|12.7}} (and for an {{eqderivprov|Option Transaction}}, “{{eqderivprov|Calculation Agent Determination}}” will apply). <br>
:{{eqderivprov|12.3(d)}} If “'''{{eqderivprov|Modified Calculation Agent Adjustment (Tender Offers)}}'''” is specified then, after the {{eqderivprov|Tender Offer Date}}, {{eqderivprov|Calculation Agent}} will either (i) adjust the {{eqderivprov|Transaction}} to account for the economic effect of the {{eqderivprov|Tender Offer}} in its determination, or (ii) if that would not produce a [[commercially reasonable]] result, terminate the Transaction, in which case “{{eqderivprov|Cancellation and Payment}}” will under Section {{eqderivprov|12.7}} (and for an {{eqderivprov|Option Transaction}}, “{{eqderivprov|Calculation Agent Determination}}” will apply). <br>