We have carried out a systematic computational study on olefin polymerization by metallocene/borate catalysts, using three metallocenes: Cp 2 ZrMe 2 (Cp), rac-SiMe 2 -bis(1-(2-Me-(4-PhInd))-ZrMe 2 (4-PhInd), and rac-SiMe 2 -bis(1-(2-Me-(4,5-BenzInd))ZrMe 2 (4,5-BenzInd). Detailed reaction pathways, including the structure of the catalytically active ion pair, anion displacement, chain propagation, and chain termination steps, are reported for ethene homopolymerization, alongside with investigation of ethene−propene copolymerization reactions. Initially, all catalysts form inner-sphere ion pairs ([L 2 ZrMe] + −[B(C 6 F 5 ) 4 ] − ) with a direct Zr−F interaction, which is weak enough to be displaced by the incoming monomer. In comparison to Cp, the bulky and electron-rich 4-PhInd and 4,5-BenzInd show higher barriers for anion displacement but lead to relative stabilization of the resulting π complexes. 4-PhInd enables the most feasible propene uptake, and both catalysts suppress the chain termination reactions relative to Cp. The borate counterion is shown to have a minor influence after the catalyst activation step. ■ INTRODUCTION Single-site α-olefin polymerization catalysis is an industrially important application of Group 4 organometallic complexes, 1 particularly of metallocenes. The metallocene complexes need an activator to form a catalytically active [L 2 MMe] + [A] − ion pair. 2 The catalytic properties of the resulting ion pair are highly dependent on both the ligand framework of the metallocene cation [L 2 MMe] + and the structure of the counterion [A] − . 2−4 Typical activators used in the process i n c l u d e m e t h y l a l u m i n o x a n e ( M A O ) , 5 , 6 t r i s -(pentafluorophenyl)borane (B(C 6 F 5 ) 3 ), 7 and organoborates such as [CPh 3 ] + [B(C 6 F 5 ) 4 ] − , the last giving rise to the weakly coordinating tetrakis(perfluoroaryl)borate counterion [B-(C 6 F 5 ) 4 ] − . 7,8Regarding catalyst properties, the stability of the ion pair plays a key role. 9,10 Experimental data suggest that weak coordination of the counterion is usually beneficial for catalytic activity. 11 On the other hand, the counterion needs to stay close to the metallocene cation in order to compensate for its positive charge. 12 Optimally, the counterion provides the needed stabilization for the electron-deficient metallocene cation but is easily displaced by the incoming monomer.The overall mechanisms of catalyst activation are not precisely understood. In the case of MAO, two mechanisms have been proposed: (1) abstraction of a leaving group from the precatalyst by a Lewis acidic site of MAO 2 and (2) abstraction of an AlMe 2 + end group from the MAO by the precatalyst followed by dissociation of AlMe 3 by the incoming monomer. 13,14 Recent computational studies have suggested mechanism 2 to dominate by thermodynamic considerations. 15 In any case, all computational studies dealing with the MAO activator suffer from its elusive structure, thereby requiring the use of model systems. In that respect boron activators, formin...