Common use of Calculations and Information Provided Clause in Contracts

Calculations and Information Provided. The Calculation Agent shall determine, with respect to each series of the Securities, (a) the Maturity Payment Amount, (b) the Settlement Value, (c) the Closing Price of each Settlement Value Security on the Valuation Date, (d) the Multipliers for each of the Settlement Value Securities, (e) whether adjustments to the Multipliers or the Threshold Value should be made and, if so, the timing and the amount of such adjustments, (f) whether a Market Disruption Event has occurred, (g) if the Company elects the Stock Settlement Option, the number of shares of the Index Stock (and of any other equity securities used in the calculation of the Settlement Value), and the value of any fractional shares thereof, equal to the Maturity Payment Amount, (h) the Redemption Payment ---------------------- * "Risk AdjustiNG Equity Range Securities" and "RANGERS" are service marks of Xxxxxx Brothers Inc. Amount, if applicable, (i) the Optional Repurchase Amount, if applicable, (j) the amount payable upon repayment of the Securities on any Optional Reset Date, if applicable and (k) any other calculation determination function and duty described in the applicable Pricing Supplement as being performed by the Calculation Agent. The Calculation Agent shall notify the Trustee of all such determinations and any such adjustment or if a Market Disruption Event with respect to a series of Securities has occurred. Annex A hereto sets forth the procedures the Calculation Agent will use to determine the information described in this Section 2 with respect to a series of Securities.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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Calculations and Information Provided. The Calculation Agent shall determine, with respect In response to each series a request made by the Trustee for a determination of the Securities, (a) the Maturity Payment Amount, the Redemption Payment Amount or the Optional Repurchase Amount with respect to any series of the Notes, the Calculation Agent shall determine the applicable Payment Amount in accordance with the terms of the relevant Notes and this Agreement and notify the Trustee of its determination. In addition, the Calculation Agent shall also be responsible for determining each of the following items for each series of the Notes, to the extent applicable: (a) the Final Index Level and any adjustments thereto; (b) the Settlement Value, whether and what adjustments to any Relevant Index should be made, (c) the Closing Price any successor or substitute index if publication of each Settlement Value Security on the Valuation Datea Relevant Index is discontinued, and (d) the Multipliers for each Final Index Level of the Settlement Value SecuritiesRelevant Index if (i) the publisher of the Relevant Index discontinues publication of such index and the Calculation Agent determines that no successor or substitute index is available at such time, (eii) whether adjustments to the Multipliers or the Threshold Value should be made and, if so, the timing and the amount publisher of such adjustments, Relevant Index fails to calculate and publish a closing level for the Relevant Index on the Valuation Date in accordance with customary practice or (fiii) the circumstances described in the last proviso of the definition of the term “Valuation Date” in the relevant Notes occur; (e) whether a Market Disruption Event has occurred, ; (f) the Amortized Principal Amount; (g) if the Company elects the Stock Settlement Option, the number of shares of the Index Stock (and of any other equity securities used in the calculation of the Settlement Value), and the value of any fractional shares thereof, equal to the Maturity Payment Amount, (h) the Redemption Payment ---------------------- * "Risk AdjustiNG Equity Range Securities" and "RANGERS" are service marks of Xxxxxx Brothers Inc. Amount, if applicable, (i) the Optional Repurchase Amount, if applicable, (j) the amount payable upon repayment of the Securities Notes on any Optional Reset Date, if ; (h) whether a particular day is a Scheduled Trading Day; (i) the applicable and Valuation Date; and (kj) any other calculation calculation, determination function and duty described in the applicable Pricing Supplement or adjustment specified as being performed made by the Calculation AgentAgent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and any such adjustment or if a Market Disruption Event with respect to a series of Securities Notes has occurred. Annex A hereto sets forth the procedures the Calculation Agent will use to determine the information described in this Section 2 with respect to a series of SecuritiesNotes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

Calculations and Information Provided. The Calculation Agent shall determine, with respect In response to each series a request made by the Trustee for a determination of the Securities, (a) the Maturity Payment Amount, the Redemption Payment Amount or the Optional Repurchase Amount with respect to any series of the Notes, the Calculation Agent shall determine the applicable Payment Amount in accordance with the terms of the relevant Notes and this Agreement and notify the Trustee of its determination. In addition, the Calculation Agent shall also be responsible for determining each of the following items for each series of the Notes, to the extent applicable: (ba) the Settlement Value, Value and any adjustments thereto; (cb) the Closing Price of each Settlement Value Security on any date that the Valuation DateSettlement Value is to be determined, (c) the Multiplier for each Settlement Value Security, and (d) the Multipliers for each of the Settlement Value Securities, (e) whether and what adjustments to the Multipliers or the Threshold Value should be made and, if so, the timing and the amount of such adjustments, made; (fe) whether a Market Disruption Event has occurred, ; (gf) if the Company elects the Stock Settlement Optionis applicable, the number and kind of shares of the Index Stock (and of any other equity securities used in the calculation of the Settlement Value)Value Securities to be delivered, and the value of any fractional shares thereofthereof and whether cash or other property shall be delivered in lieu of, equal to or in addition to, any Settlement Value Securities; (g) the Maturity Payment Amortized Principal Amount, ; (h) the Redemption Payment ---------------------- * "Risk AdjustiNG Equity Range Securities" and "RANGERS" are service marks of Xxxxxx Brothers Inc. Amount, if applicable, (i) the Optional Repurchase Amount, if applicable, (j) the amount payable upon repayment of the Securities Notes on any Optional Reset Date, if ; (i) whether a particular day is a Scheduled Trading Day; (j) the applicable and Valuation Date; and (k) any other calculation calculation, determination function and duty described in the applicable Pricing Supplement or adjustment specified as being performed made by the Calculation AgentAgent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and any such adjustment or if a Market Disruption Event with respect to a series of Securities Notes has occurred. Annex A hereto sets forth the procedures the Calculation Agent will use to determine the information described in this Section 2 with respect to a series of SecuritiesNotes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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Calculations and Information Provided. The Calculation Agent shall determine, with respect In response to each series a request made by the Trustee for a determination of the Securities, (a) the Maturity Payment Amount, the Redemption Payment Amount or the Optional Repurchase Amount with respect to any series of the Notes, the Calculation Agent shall determine the applicable Payment Amount in accordance with the terms of the relevant Notes and this Agreement and notify the Trustee of its determination. In addition, the Calculation Agent shall also be responsible for determining each of the following items for each series of the Notes, to the extent applicable: (a) the Settlement Value and any adjustments thereto; (b) whether the Settlement Value, Value falls below the Threshold Value on any Scheduled Trading Day; (c) the Closing Price of each Settlement Value Security on any date that the Valuation Date, Settlement Value is to be determined, (d) the Multipliers Multiplier for each of the Settlement Value SecuritiesSecurity, and (e) whether and what adjustments to the Multipliers or the Threshold Value should be made and, if so, the timing and the amount of such adjustments, made; (f) whether a Market Disruption Event has occurred, ; (g) if the Company elects the Stock Settlement Optionis applicable, the number and kind of shares of the Index Stock (and of any other equity securities used in the calculation of the Settlement Value)Value Securities to be delivered, and the value of any fractional shares thereofthereof and whether cash or other property shall be delivered in lieu of, equal to the Maturity Payment Amountor in addition to, any Settlement Value Securities; (h) the Redemption Payment ---------------------- * "Risk AdjustiNG Equity Range Securities" and "RANGERS" are service marks of Xxxxxx Brothers Inc. Amortized Principal Amount, if applicable, ; (i) the Optional Repurchase Amount, if applicable, (j) the amount payable upon repayment of the Securities Notes on any Optional Reset Date, if applicable and ; (j) whether a particular day is a Scheduled Trading Day; (k) the applicable Valuation Date; and (l) any other calculation calculation, determination function and duty described in the applicable Pricing Supplement or adjustment specified as being performed made by the Calculation AgentAgent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and any such adjustment or if a Market Disruption Event with respect to a series of Securities Notes has occurred. Annex A hereto sets forth the procedures the Calculation Agent will use to determine the information described in this Section 2 with respect to a series of SecuritiesNotes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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