:: equity derivatives definitions ::
We have put together a collection of common modification to the equity derivatives definitions for your convenience.
The collection is viewed by you subject to the terms and conditions for use.
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| Applicable, except that Section 3.4(c) shall be amended so that "in-the-money" means (i) in respect of a Call, the Reference Price is greater than the Strike Price and (ii) in respect of a Put, the Strike Price is greater than the Reference Price. | |
| The product of (a) an amount in [euro] equal to 100% of the net cash dividends (a sum after withholding or deduction of taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a dividend, which sum exclude Extraordinary Dividends and Excess Dividend Amounts) per Share paid by the Issuer on the relevant Dividend Receipt Date to the holders of record of a Share and (b) the Number of Shares as of the Dividend Receipt Date. ^ | |
| In respect of a Valuation Period, an amount in [euro] determined by the Calculation Agent as of [5]:00 p.m. [Paris] time on the last day of such Valuation Period equal to the sum of the Outstanding Notional Amounts on each Exchange Business Day in such Valuation Period divided by the number of days in such Valuation Period. ^ | |
| Applicable, provided that Section 7.1 shall be amended by (a) inserting the word 'written' between the words 'irrevocable' and 'notice' in the 4th line thereof (b) deleting the words '(which will be oral telephonic notice if practicable, and otherwise written notice)' in the 4th and 5th line (c) deleting the words 'or Physical Settlement' in the 6th and 7th line and (d) deleting the rest of Section 7.1 starting from the words 'and the Electing Party will execute and deliver to the other party...' in the 8th line. ^ | |
| The price per Share quoted by the Exchange at the Expiration Time on the Expiration Date, provided however that if there is a closing special quote per Share quoted by the Exchange (tokubetsu kehaine), such quote shall be deemed to be the relevant Reference Price. | Cancellation and Payment provided that if the New Shares are publicly traded on (i) the [First or Second Section of the Tokyo Stock Exchange or (ii) [the Osaka Securities Exchange] as the primary exchange for trading such New Shares, Alternative Obligation shall apply.^ |
| Cancellation and Payment provided that if any portion of the consideration for the relevant shares consists of equity securities that are publicly traded on (i) the [First or Second Section of the Tokyo Stock Exchange or (ii) [the Osaka Securities Exchange] as the primary exchange for trading such New Shares, Alternative Obligation shall apply to that portion of the Transaction corresponding to the Publicly Traded Securities Consideration.^ |
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