Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale for all applicable Additional Disruption Events Determining Party: Société Générale for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable
Appears in 2 contracts
Samples: Equity Derivatives Note Hedge Confirmation (Telecommunication Systems Inc /Fa/), Equity Derivatives Confirmation (Telecommunication Systems Inc /Fa/)
Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale Wachovia for all applicable Additional Disruption Events Determining Party: Société Générale Wachovia for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable Additional Acknowledgements: Applicable
Appears in 1 contract
Samples: Equity Derivatives Confirmation (Gaylord Entertainment Co /De)
Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale Citi for all applicable Additional Disruption Events Determining Party: Société Générale Citi for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable Additional Acknowledgements: Applicable
Appears in 1 contract
Samples: Equity Derivatives Confirmation (Gaylord Entertainment Co /De)