Common use of Calculations and Information Provided Clause in Contracts

Calculations and Information Provided. In response to a request made by the Trustee for a determination of 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 falls below the Threshold Value on any Scheduled Trading Day; (c) the Closing Price of each Settlement Value Security on any date that the Settlement Value is to be determined, (d) the Multiplier for each Settlement Value Security, and (e) whether and what adjustments to the Multipliers should be made; (f) whether a Market Disruption Event has occurred; (g) if Stock Settlement is applicable, the number and kind of Settlement Value Securities to be delivered, the value of any fractional shares thereof and whether cash or other property shall be delivered in lieu of, or in addition to, any Settlement Value Securities; (h) the Amortized Principal Amount; (i) the amount payable upon repayment of the Notes on any Optional Reset Date; (j) whether a particular day is a Scheduled Trading Day; (k) the applicable Valuation Date; and (l) any other calculation, determination or adjustment specified as being made by the Calculation Agent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and adjustment or if a Market Disruption Event with respect to a series of 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 Notes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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Calculations and Information Provided. In response to a request made by the Trustee for a determination of 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 falls below the Threshold Value on any Scheduled Trading Day; (c) the Closing Price of each Settlement Value Security on any date that the Settlement Value is to be determined, (dc) the Multiplier for each Settlement Value Security, and (ed) whether and what adjustments to the Multipliers should be made; (fe) whether a Market Disruption Event has occurred; (gf) if Stock Settlement is applicable, the number and kind of Settlement Value Securities to be delivered, the value of any fractional shares thereof and whether cash or other property shall be delivered in lieu of, or in addition to, any Settlement Value Securities; (hg) the Amortized Principal Amount; (ih) the amount payable upon repayment of the Notes on any Optional Reset Date; (ji) whether a particular day is a Scheduled Trading Day; (kj) the applicable Valuation Date; and (lk) any other calculation, determination or adjustment specified as being made by the Calculation Agent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and adjustment or if a Market Disruption Event with respect to a series of 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 Notes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

Calculations and Information Provided. In response The Calculation Agent shall determine, with respect to a request made by each series of the Trustee for a determination of 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: (ab) the Settlement Value and any adjustments thereto; (b) whether the Settlement Value falls below the Threshold Value on any Scheduled Trading Day; Value, (c) the Closing Price of each Settlement Value Security on any date that the Settlement Value is to be determined, Valuation Date, (d) the Multiplier Multipliers for each of the Settlement Value SecuritySecurities, and (e) whether and what adjustments to the Multipliers or the Threshold Value should be made; 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 is applicableOption, the number of shares of the Index Stock (and kind of any other equity securities used in the calculation of the Settlement Value Securities to be deliveredValue), and the value of any fractional shares thereof and whether cash or other property shall be delivered in lieu ofthereof, or in addition toequal to the Maturity Payment Amount, any Settlement Value Securities; (h) the Amortized Principal 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 Notes Securities on any Optional Reset Date; (j) whether a particular day is a Scheduled Trading Day; , if applicable and (k) any other calculation determination function and duty described in the applicable Valuation Date; and (l) any other calculation, determination or adjustment specified Pricing Supplement as being made performed by the Calculation Agent in this Agreement, the relevant Pricing Supplement or the relevant NotesAgent. 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 Notes 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 NotesSecurities.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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Calculations and Information Provided. In response to a request made by the Trustee for a determination of 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 Final Index Level and any adjustments thereto; (b) whether the Settlement Value falls below the Threshold Value on and what adjustments to any Scheduled Trading Day;Relevant Index should be made, (c) the Closing Price any successor or substitute index if publication of each Settlement Value Security on any date that the Settlement Value a Relevant Index is to be determined,discontinued, and (d) the Multiplier Final Index Level of the Relevant 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, (ii) the publisher of such Relevant Index fails to calculate and publish a closing level for each Settlement Value Security, andthe Relevant Index on the Valuation Date in accordance with customary practice or (iii) the circumstances described in the last proviso of the definition of the term “Valuation Date” in the relevant Notes occur; (e) whether and what adjustments to the Multipliers should be made; (f) whether a Market Disruption Event has occurred; (g) if Stock Settlement is applicable, the number and kind of Settlement Value Securities to be delivered, the value of any fractional shares thereof and whether cash or other property shall be delivered in lieu of, or in addition to, any Settlement Value Securities; (hf) the Amortized Principal Amount; (ig) the amount payable upon repayment of the Notes on any Optional Reset Date; (jh) whether a particular day is a Scheduled Trading Day; (ki) the applicable Valuation Date; and (lj) any other calculation, determination or adjustment specified as being made by the Calculation Agent in this Agreement, the relevant Pricing Supplement or the relevant Notes. The Calculation Agent shall notify the Trustee of all such calculations, determinations and adjustment or if a Market Disruption Event with respect to a series of 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 Notes.

Appears in 1 contract

Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)

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