Representative Amount definition

Representative Amount means an amount that is representative for a single transaction in the relevant market at the relevant time.

Representative Amount means, with respect to any Floating Rate to be determined in accordance with a Screen Rate Determination on an Interest Determination Date, the amount specified as such in the relevant Final Terms or, if none is specified, an amount that is representative for a single transaction in the relevant market at the time.

Representative Amount means an amount that is representative for a single transaction in the relevant market at the relevant time. “Reference banks” mean five leading swap dealers in the New York City interbank market, selected by the Calculation Agent, after consultation with us.

Examples of Representative Amount in a sentence

• Representative Amount: A principal amount of not less than U.S. $1,000,000 (or, if the Index Currency is other than U.S. dollars, a principal amount not less than the equivalent in the Index Currency) that, in the Calculation Agent’s sole judgment, is representative for a single transaction in the relevant market at the relevant time.

• Any such Representative Losses may be recovered by the Representative from (i) the funds in the Representative Amount and (ii) the amounts in the Escrow Account but solely at such time as any remaining amounts in the Escrow Account would otherwise be distributable to the Interest Holders under this Agreement.

• The Representative Amount shall be retained in whole or in part by the Representative until the Representative reasonably determines that, in its sole and absolute discretion, the Representative Amount is no longer required to be withheld.

• The Interest Holders will not receive any interest or earnings on the Representative Amount and irrevocably transfer and assign to the Representative any ownership right that they may otherwise have had in any such interest or earnings.

• The Representative will not be liable for any loss of principal of the Representative Amount other than as a result of its gross negligence or willful misconduct.

More Definitions of Representative Amount

Representative Amount means a principal amount of not less than $1,000,000 for a single transaction in the relevant market at the relevant time.

Representative Amount means an amount that, in the Calculation Agent’s judgment, is representative of a single transaction in the relevant market at the relevant time.

Representative Amount means, with respect to any Floating Rate to be determined on an Interest Determination Date, the amount specified in the Final Terms or Series Offering Document, as applicable, or, if none is specified, an amount that is representative for a single transaction in the relevant market at the time.

Representative Amount means, with respect to any Floating Rate to be determined on an Interest Determination Date, the amount specified as such hereon or, if none is specified, an amount that is representative for a single transaction in the relevant market at the time.

Representative Amount means an amount that is representative for a single transaction in the relevant market at the relevant time, as determined by the Calculation Agent.

Representative Amount means an amount that is representative for a single transaction in the relevant market and at the relevant time, such amount to be determined by the Calculation Agent.

Representative Amount means an amount that is representative for a single transaction in the New York City interbank market at the relevant time.