Automatic Call Sample Clauses

Automatic Call. This Global Note shall be automatically called and subject to mandatory redemption if the closing level of the Index on any Observation Date is greater than or equal to the applicable Call Level. If this Global Note is called pursuant to the preceding sentence, the Holder shall receive the Call Amount per Unit applicable to such Observation Date. If this Global Note is automatically called on an Observation Date other than the Final Observation Date, the Company shall redeem this Global Note and pay the applicable Call Amount on the fifth Banking Business Day after the applicable Observation Date, subject to postponement as described below. If this Global Note is called on the Final Observation Date, the Company shall redeem this Global Note and pay the Call Amount on the Maturity Date. If an Observation Date (other than the Final Observation Date) is not an Index Business Day or if there is a Market Disruption Event (as defined below) on such day, the applicable Observation Date shall be the immediately succeeding Index Business Day during which no Market Disruption Event shall have occurred or is continuing; provided that the closing level of the Index shall not be determined on a date later than the tenth scheduled Index Business Day after the scheduled Observation Date, and if such day is not an Index Business Day, or if there is a Market Disruption Event on such date, the Calculation Agent shall determine (or, if not determinable, estimate, in a manner which is considered commercially reasonable under the circumstances) the closing level of the Index on such tenth scheduled Index Business Day. If the Final Observation Date is not an Index Business Day or if there is a Market Disruption Event on such day, the Final Observation Date shall be the immediately succeeding Index Business Day during which no Market Disruption Event shall have occurred or is continuing; provided that the closing level of the Index shall be determined (or, if not determinable, estimated by the Calculation Agent in a manner which is considered commercially reasonable under the circumstances) on a date no later than the second scheduled Index Business Day prior to the Maturity Date, regardless of the occurrence of a Market Disruption Event on that scheduled Index Business Day. If, due to a Market Disruption Event or otherwise, an Observation Date (other than the Final Observation Date) is postponed so that it falls less than five Banking Business Days prior to the scheduled date ...
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Automatic Call. The Company shall call and redeem the Notes, in whole but not in part, at the applicable Call Price (as defined below) on a Call Date (as defined below) if the 2-Year U.S. Dollar Constant Maturity Swap Rate (as defined below) on the fifth Business Day (as defined below) prior to such Call Date (an “Observation Date”) is less than or equal to the Strike Rate (as defined below). The “Strike Rate” equals 3.00%. As used herein, the “Call Price” per Unit, if automatically called, shall equal the amount set forth below under Call Price per Unit: Call Date Call Price per Unit February 14, 2009 $1,080.00 March 14, 2009 $1,086.67 April 14, 2009 $1,093.33 May 14, 2009 $1,100.00 June 14, 2009 $1,106.67 July 14, 2009 $1,113.33 August 14, 2009 $1,120.00 September 14, 2009 $1,126.67 October 14, 2009 $1,133.33 November 14, 2009 $1,140.00 December 14, 2009 $1,146.67 January 14, 2010 $1,153.33 February 14, 2010 $1,160.00 March 14, 2010 $1,166.67 April 14, 2010 $1,173.33 May 14, 2010 $1,180.00 June 14, 2010 $1,186.67 July 14, 2010 $1,193.33 August 14, 2010 $1,200.00 September 14, 2010 $1,206.67 October 14, 2010 $1,213.33 November 14, 2010 $1,220.00 December 14, 2010 $1,226.67 January 14, 2011 $1,233.33 Feburary 14, 2011 $1,240.00 Upon automatic call, the Notes will no longer be outstanding and no additional payments will be made on the Notes on any subsequent Call Date or on the Stated Maturity Date. As used herein, a “Call Date” will occur on each date set forth above, from and including February 14, 2009 to and including the Stated Maturity Date.
Sample 1

Related to Automatic Call

  • Automatic Early Termination The "Automatic Early Termination" provision of Section 6(a) will not apply to Party A or Party B.

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

  • AUTOMATIC ACCEPTANCE LIMIT For any policy to be reinsured under automatic reinsurance, the face amount shall not exceed the Automatic Acceptance Limit as shown in Schedule A.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Automatic Conversion Upon the automatic conversion of all outstanding shares of the series of equity securities comprising the Exercise Shares, this Warrant shall become exercisable for that number of shares of Common Stock of the Company into which the Exercise Shares would then be convertible, so long as such shares, if this Warrant had been exercised prior to such offering, would have been converted into shares of the Company’s Common Stock pursuant to the Company’s Certificate of Incorporation. In such case, all references to “Exercise Shares” shall mean shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.

  • Automatic Exercise To the extent this Warrant is not previously exercised, it shall be deemed to have been automatically converted in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) as of immediately before its expiration, involuntary termination or cancellation if the then-Fair Market Value of a Warrant Share exceeds the then-Warrant Price, unless Holder notifies Company in writing to the contrary prior to such automatic exercise.

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(l) or Section 8.01(m) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.

  • Term Automatic Cashless Exercise Upon Expiration 5.1.1 This Warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the 270-day period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until 270 days after the effective date of the Company’s initial public offering.

  • Automatic Renewal Upon the expiration of the original term or any renewal term of employment, Employee’s employment shall be automatically renewed for a one (1) year period unless, at least sixty (60) days prior to the renewal date, either party gives the other party written notice of its intent not to continue the employment relationship. During any renewal term of employment, the terms, conditions and provisions set forth in this Agreement shall remain in effect unless modified in accordance with Section 8.

  • Automatic Cashless Exercise upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

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