Stock Borrow Event. Dealer (or its affiliate) (A) is not reasonably able to hedge its exposure under the Transaction because insufficient Shares are made available for borrowing by securities lenders or (B) would incur a cost to borrow (or to maintain a borrow of) Shares to hedge its exposure under the Transaction that is greater than a rate equal to 200 basis points per annum (each, a “Stock Borrow Event”);
Appears in 4 contracts
Samples: Forward Confirmation (Broadstone Net Lease, Inc.), Forward Confirmation (Broadstone Net Lease, Inc.), Forward Confirmation (Broadstone Net Lease, Inc.)
Stock Borrow Event. Dealer (or its affiliatean affiliate of Dealer) (A) is not reasonably able to hedge its exposure under the Transaction because insufficient Shares are made available for borrowing by securities lenders or (B) would incur a cost to borrow (or to maintain a borrow of) Shares to hedge its exposure under the Transaction that is greater than a rate equal to 200 basis points per annum (each, a “Stock Borrow Event”);
Appears in 3 contracts
Samples: Forward Confirmation (Atlantic Union Bankshares Corp), Forward Confirmation (Umb Financial Corp), Forward Confirmation (Umb Financial Corp)