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::and the {{eqderivprov|Receiving Party}}’s corresponding payment or delivery obligation to the {{eqderivprov|Delivering Party}} will be proportionately reduced. | ::and the {{eqderivprov|Receiving Party}}’s corresponding payment or delivery obligation to the {{eqderivprov|Delivering Party}} will be proportionately reduced. | ||
::Thereafter: | ::Thereafter: | ||
:: (I) '''For {{eqderivprov|European Option}}s and {{eqderivprov|Forward Transaction}}s''': The {{eqderivprov|Receiving Party}} may terminate the remaining {{eqderivprov|Transaction}} effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}}) determine the related {{eqderivprov|Cancellation Amount}}; | :::(I) '''For {{eqderivprov|European Option}}s and {{eqderivprov|Forward Transaction}}s''': The {{eqderivprov|Receiving Party}} may terminate the remaining {{eqderivprov|Transaction}} effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}}) determine the related {{eqderivprov|Cancellation Amount}}; | ||
::(II) '''For {{eqderivprov|American Option}}s and {{eqderivprov|Bermuda Option}}s''': The {{eqderivprov|Receiving Party}} may terminate that part of the {{eqderivprov|Transaction}} comprising the exercised but not settled {{eqderivprov|Option}}s effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}}) determine the related {{eqderivprov|Cancellation Amount}}; | :::(II) '''For {{eqderivprov|American Option}}s and {{eqderivprov|Bermuda Option}}s''': The {{eqderivprov|Receiving Party}} may terminate that part of the {{eqderivprov|Transaction}} comprising the exercised but not settled {{eqderivprov|Option}}s effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}}) determine the related {{eqderivprov|Cancellation Amount}}; | ||
::(III)'''For {{eqderivprov|Equity Swap Transaction}}s''': The {{eqderivprov|Receiving Party}} may terminate that part of the {{eqderivprov|Transaction}} consisting of the unsettled deliveries effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}} determine the {{eqderivprov|Cancellation Amount}}; | :::(III)'''For {{eqderivprov|Equity Swap Transaction}}s''': The {{eqderivprov|Receiving Party}} may terminate that part of the {{eqderivprov|Transaction}} consisting of the unsettled deliveries effective immediately by notice to the {{eqderivprov|Delivering Party}} and must (as {{eqderivprov|Determining Party}} determine the {{eqderivprov|Cancellation Amount}}; | ||
::(IV) '''For unexercised {{eqderivprov|American Option}}s and {{eqderivprov|Bermuda Option}}s to which {{eqderivprov|Multiple Exercise}} applies, and for {{eqderivprov|Equity Swap Transaction}}s where a {{eqderivprov|Settlement Date}} has not occurred''': The {{eqderivprov|Receiving Party}} may elect within one {{eqderivprov|Settlement Cycle}} of the affected {{eqderivprov|Settlement Date}} to terminate the remainder of the {{eqderivprov|Transaction}} upon two {{eqderivprov|Scheduled Trading Day}}s’ notice, and must (as {{eqderivprov|Determining Party}}) determine the {{eqderivprov|Cancellation Amount}}. <br> | :::(IV) '''For unexercised {{eqderivprov|American Option}}s and {{eqderivprov|Bermuda Option}}s to which {{eqderivprov|Multiple Exercise}} applies, and for {{eqderivprov|Equity Swap Transaction}}s where a {{eqderivprov|Settlement Date}} has not occurred''': The {{eqderivprov|Receiving Party}} may elect within one {{eqderivprov|Settlement Cycle}} of the affected {{eqderivprov|Settlement Date}} to terminate the remainder of the {{eqderivprov|Transaction}} upon two {{eqderivprov|Scheduled Trading Day}}s’ notice, and must (as {{eqderivprov|Determining Party}}) determine the {{eqderivprov|Cancellation Amount}}. <br> |