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Template:Nutshell Equity Derivatives 12.2(e): Difference between revisions
Template:Nutshell Equity Derivatives 12.2(e) (view source)
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:{{eqderivprov|12. | :{{eqderivprov|12.2(e)}} If “'''{{eqderivprov|Modified Calculation Agent Adjustment}}'''” is specified then, after the {{eqderivprov|Merger Date}}, the {{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 | ::(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 {{eqderivprov|Transaction}}, at “{{eqderivprov|Cancellation and Payment}}” (or, for an {{eqderivprov|Option Transaction}}, “{{eqderivprov|Calculation Agent Determination}}”) under Section {{eqderivprov|12.7}}. <br> | ::(ii) if that would not produce a [[commercially reasonable]] result, terminate the {{eqderivprov|Transaction}}, at “{{eqderivprov|Cancellation and Payment}}” (or, for an {{eqderivprov|Option Transaction}}, “{{eqderivprov|Calculation Agent Determination}}”) under Section {{eqderivprov|12.7}}. <br> | ||