Share Swap Transaction Sample Clauses
A Share Swap Transaction clause defines the terms under which parties exchange shares in their respective companies, typically as part of a merger, acquisition, or strategic partnership. This clause outlines the ratio at which shares will be swapped, the valuation methods used to determine equivalence, and any conditions precedent to the exchange, such as regulatory approvals or due diligence. By specifying these details, the clause facilitates a smooth transfer of ownership interests and ensures both parties have a clear understanding of their post-transaction equity positions, thereby reducing uncertainty and potential disputes.
Share Swap Transaction. The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between [*] (“[*]”) and ENEL S.p.A. (the “Counterparty”) on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below, and supersedes all or any prior written or oral agreements in relation to the Transaction. The definitions and provisions contained in the 2006 ISDA Definitions (the “Swap Definitions”) and in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the Swap Definitions, the “Definitions”), each as published by the International Swaps and Derivatives Association, Inc. (“ISDA”) are incorporated into this Confirmation. In the event of any inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will govern. In the event of any inconsistency between the Definitions and this Confirmation, this Confirmation will govern. References in this Confirmation to “Transaction” shall be deemed to be references to “Swap Transaction” for the purposes of interpreting the Swap Definitions, and references in the Swap Definitions to “Swap Transaction” shall be deemed to be references to “Transaction” for the purposes of interpreting this Confirmation.