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|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 Date}} 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>

Revision as of 08:07, 3 May 2022

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