Transaction Auction Settlement Terms means the Credit Derivatives Auction Settlement Terms selected by the Calculation Agent in accordance with this provision. In relation to a Credit Event (and as set out in the definition of Credit Derivatives Auction Settlement Terms), ISDA may publish one or more form(s) of Credit Derivatives Auction Settlement Terms on its website at www.isda.org (or any successor website thereto) and may amend such forms from time to time. Each such form of Credit Derivatives Auction Settlement Terms shall set out, inter alia, definitions of “Auction,” “Auction Cancellation Date,” “Auction Covered Transaction” and “Auction Final Price Determination Date” in relation to the relevant Credit Event. The Transaction Auction Settlement Terms for purposes of the Notes shall be the relevant form of Credit Derivatives Auction Settlement Terms for which the Reference Transaction would be an Auction Covered Transaction (as such term will be set out in the relevant Credit Derivatives Auction Settlement Terms). The Reference Transaction (as set out in the definition thereof) is a hypothetical credit derivative transaction included in this Product Supplement principally for the purpose of selecting the Credit Derivatives Auction Settlement Terms appropriate to the Notes.
Transaction Auction Settlement Terms means the Credit Derivatives Auction Settlement Terms applicable to the Reference Entity and obligations of the Reference Entity that are Not Subordinated to obligations which are of the same seniority as the Reference Obligation and for which this Transaction would be an “Auction Covered Transaction” (where for the avoidance of doubt, for such purpose in relation to the definition of “Auction Covered Transaction”, this Transaction shall meet the criteria outlined in paragraph (b) of the definition of “Covered Non-Swaption Transaction” (as defined in such Transaction Auction Settlement Terms) relating to “Auction Settlement” being the applicable Settlement Method).
Transaction Auction Settlement Terms means, with respect to a Credit Event, the Credit Derivatives Auction Settlement Terms for which the Reference Transaction would be an Auction Covered Transaction.
Examples of Transaction Auction Settlement Terms in a sentence
Where Auction Settlement applies for the purposes of Section 7.4, "Valuation Obligation" means any obligation that is capable of constituting a deliverable obligation in accordance with the Transaction Auction Settlement Terms or, as the case may be, the Parallel Auction Settlement Terms.
Where the Settlement Method specified in the applicable Pricing Supplement in respect of a Series of N&C Securities is Auction Settlement and an Auction Final Price Determination Date occurs, the Auction Final Price will be determined according to an auction procedure set out in the applicable Transaction Auction Settlement Terms, a form of which will be published by ISDA on its website at www.isda.org (or any successor website thereto) from time to time and may be amended from time to time.
For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by the DC Secretary and not the date of any related determination by the Calculation Agent that such announcement relates to Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or an Auction.
If the N&C Securities are redeemed following the occurrence of a Credit Event, the amount payable in respect of the N&C Securities may be determined by reference to the Auction Final Price determined according to an auction procedure set out in the applicable Transaction Auction Settlement Terms.
Any such timeline may be subject to subsequent amendment by LCH SA, by means of a Clearing Notice to Clearing Members, only to reflect subsequent DC Resolutions, timing provisions of any relevant Transaction Auction Settlement Terms and/or actions of DTCC, or in each case any subsequent amendments thereto.
More Definitions of Transaction Auction Settlement Terms
Transaction Auction Settlement Terms means, in respect of any Reference Entity and a related Credit Event, the Credit Derivatives Auction Settlement Terms published by ISDA in respect of such Credit Event and in respect of which the Notional Credit Derivative Transaction would be an Auction Covered Transaction.
Transaction Auction Settlement Terms means the relevant form of Credit Derivatives Auction Settlement Terms published by ISDA in relation to a Credit Event for which the Reference Transactionwould be an Auction Covered Transaction (as such term will be set out in the relevant Credit Derivatives Auction Settlement Terms), as selected by the Calculation Agent. The Reference Transaction is a hypothetical credit derivative transaction, with certain terms similar to those of the Notes (or in certain circumstances terms determined by the Calculation Agent to be appropriate in respect of a credit derivative transaction linked to the relevant Reference Entity), included in the terms of the Notes principally for the purpose of selecting the Credit Derivatives Auction Settlement Terms appropriate to the Notes.
Transaction Auction Settlement Terms means, with respect to a Credit Event in respect of a Reference Entity, the Credit Derivatives Auction Settlement Terms for which the Hypothetical Credit Derivative Transaction would be an Auction Covered Transaction, as determined by the Calculation Agent (in its sole discretion).
Transaction Auction Settlement Terms means, with respect to an Auction-Settled Entity, either (i) the Credit Derivatives Auction Settlement Terms for which a credit derivative transaction incorporating the Deliverable Obligation Provisions would be an Auction Covered Transaction or (ii) if the Notice to Exercise Movement Option has been effectively delivered by the Calculation Agent to the warrant agent, the relevant Parallel Auction Settlement Terms that would apply in accordance with the exercise of Movement Option.
Transaction Auction Settlement Terms means the Credit Derivatives Auction Settlement Terms applicable to the Reference Entity and obligations of the Reference Entity that are Not Subordinated to obligations which are of the same seniority as the Reference Obligation and for which this Transaction would be an “Auction Covered Transaction”.
Transaction Auction Settlement Terms means, with respect to an Auction-Settled Entity, either (i) the Credit Derivatives Auction Settlement Terms for which a credit derivative transaction incorporating the Deliverable Obligation Provisions would be an Auction Covered Transaction or (ii) if the Notice to Exercise Movement Option has been effectively delivered by the Calculation Agent to the warrant agent, the relevant Parallel Auction Settlement Terms that would apply in accordance with the exercise of Movement Option.If a Credit Event Trigger occurs with respect to a Reference Entity and the Credit Event is a Mod/ModMod R Restructuring, several concurrent but separate auctions may occur with respect to such Mod/ModMod R Restructuring and such Reference Entity, as determined by the relevant Credit Derivatives Determinations Committee. In such cases, if Auction Settlement is applicable, the Calculation Agent will determine which Auction (if any) will be applicable to the Securities. For more information, see Article VIII "Terms Relating to Restructuring" below.
Transaction Auction Settlement Terms means the Credit Derivatives Auction Settlement Terms applicable to the Reference Entity and obligations of the Reference Entity that are Not Subordinated to obligations which are of the same seniority as the Reference Obligation and for which this Transaction would be an “Auction Covered Transaction” (where for the avoidance of doubt, for such purpose in relation to the definition of “Auction Covered Transaction”, this Transaction shall meet the criteria outlined in paragraph (b) of the definition of “Covered Non-Swaption Transaction” (as defined in such Transaction Auction Settlement Terms) relating to “Auction Settlement” being the applicable Settlement Method). 8. Additional Provisions:A. Unless the context otherwise requires, words in the singular include the plural, and words in the plural include the singular.B. Section 9(g) of the Agreement (Headings) applies to this Confirmation and the Exhibit hereto.C. With respect to any notice delivered to it by Buyer, Seller shall deliver or arrange for the delivery of a copy thereof to any holder of the Notes, provided the delivery of or failure to deliver such copies to any such holder by or on behalf of Seller will notaffect the effectiveness of such notices delivered by Buyer to Seller.