📄 Extracted Text (469 words)
Execution copy
5.5 If CSFB and Counterparty agree (both acting reasonably) that there has been, within
the term of a Contract or the 6 months following distribution date, a change in any
applicable law or regulation (or a change in the interpretation or application by any
court, governmental or other authority of such law or regulation) which has the effect
of reducing or increasing the amount of the ordinary cash dividend per Security
actually due to the Counterparty had it been an actual holder of a Security, CSFB may
adjust the Dividend Percentage with immediate effect by notice in writing to the
Counterparty. If any such change is to take effect prior to the date upon which CSFB
gives such notice, CSFB may make such adjustments to the payment obligations of
the parties in respect of any Contract to which it considers such change applies. In the
event that the Contract shall have been previously closed, the Counterparty and CSFB
shall indemnify each other in respect of any such change on a full indemnity basis.
6. CORPORATE ACTIONS
6.1 Upon becoming aware of the occurrence of any Merger Event (deemed below) with
respect to any issuer of the Securities which are the subject of any Contract hereunder,
CSFB shall notify Counterparty of such Merger Event and where the consideration for
the Securities consists:
O (or at the option of the holder of the Securities, may consist) solely of shares
(whether of the offeror or a third party) ("New Shares") then on or after the
Merger Event , the number of New Shares to which a holder of Securities
would be entitled upon consummation of the Merger Event shall be deemed to
be the Contract Quantity and the New Shares, the Securities;
(ii) solely of cash and/or any securities (other than New Shares) or assets (whether
of the offeror or a third party) ('Other Consideration") then on or after the
Merger Event, the amount of Other Consideration shall be deemed to be the
Contract Quantity; or
(iii) of New Shares in combination with Other Consideration then on or after the
Merger Event, the number of New Shares and the Amount of Other
Consideration shall together be deemed to be the Contract Quantity,
and in either of the above, CSFB will adjust any relevant terms of the Contract
as it deems necessary.
6.2 "Merger Event" means, in respect of the Securities which are the subject of one or
more Contracts hereunder, any:
reclassification or change of such Securities that results in a transfer of or an
irrevocable commitmcnt to transfer all of the outstanding shares of such
Securities;
(ii) consolidation, amalgamation or merger of the issuer of the Securities with or
into another entity (other than a consolidation, amalgamation or merger in
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Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00061209
EFTA01581783
ℹ️ Document Details
SHA-256
8fc371c0535c3b64f242cd99dccbdd72805ba2b37cc7c833f761236ea052e11a
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EFTA01581783
Dataset
DataSet-10
Document Type
document
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1
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