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Template:Nutshell Equity Derivatives 12.7: Difference between revisions
Template:Nutshell Equity Derivatives 12.7 (view source)
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{{eqderivprov|12.7}} '''{{eqderivprov|Payment upon Certain Extraordinary Events}}'''<br> | |||
{{eqderivprov|12.7(a)}} If “'''{{eqderivprov|Cancellation and Payment}}'''” or “'''{{eqderivprov|Partial Cancellation and Payment}}'''” applies, then one party will pay the other the amounts described below no later than three {{eqderivprov|Currency Business Days}} after notice of the determination, which must be given promptly, is effective. <br> | {{eqderivprov|12.7(a)}} If “'''{{eqderivprov|Cancellation and Payment}}'''” or “'''{{eqderivprov|Partial Cancellation and Payment}}'''” applies, then one party will pay the other the amounts described below no later than three {{eqderivprov|Currency Business Days}} after notice of the determination, which must be given promptly, is effective. <br> | ||
{{eqderivprov|12.7(b)}} '''{{eqderivprov|Option Transaction}}s''': The parties must promptly agree within five {{eqderivprov|Exchange Business Days}} of the relevant event (the “{{eqderivprov|Closing Date}}”) the amount {{eqderivprov|Seller}} must pay {{eqderivprov|Buyer}} . If they cannot: <br> | {{eqderivprov|12.7(b)}} '''{{eqderivprov|Option Transaction}}s''': The parties must promptly agree within five {{eqderivprov|Exchange Business Days}} of the relevant event (the “{{eqderivprov|Closing Date}}”) the amount {{eqderivprov|Seller}} must pay {{eqderivprov|Buyer}} . If they cannot: <br> | ||