Common use of Nationalization, Insolvency or Delisting Clause in Contracts

Nationalization, Insolvency or Delisting. In these cases, the Calculation Agent will add New Share/s to the Basket to substitute the Share/s affected by Nationalization, Insolvency or Delisting (the “Affected Share/s”), according to the Substitution Method, in order to maintain the same number of Basket components. Additionally, the Calculation Agent will determine the Strike Price/s of the New Share/s according to the Adjustment of the New Share provision.

Appears in 7 contracts

Samples: Trust Instrument, www.appsbbva.com, www.appsbbva.com

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