Discontinuance of the Index. (a) If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index (the "Successor Index") that the Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index, then the Calculation Agent shall calculate the Maturity Payment Amount pursuant to Section 2 hereof by reference to the index level of such Successor Index at the Close of Trading on the NYSE, AMEX, Nasdaq or the relevant exchange or market for the Successor Index on the Final Calculation Date.
Appears in 4 contracts
Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc), Calculation Agency Agreement (Lehman Brothers Holdings Inc), Calculation Agency Agreement (Lehman Brothers Holdings Inc)
Discontinuance of the Index. (a) If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index (the "Successor Index") that the Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index, then the Calculation Agent shall calculate the Maturity Payment Amount pursuant to Section 2 hereof by reference to the index level of such Successor Index at the Close of Trading on the NYSE, AMEX, Nasdaq or the relevant exchange or market for the Successor Index on the Final Calculation Datedate that any subsequent Closing Level is to be determined.
Appears in 4 contracts
Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc), Calculation Agency Agreement (Lehman Brothers Holdings Inc), Calculation Agency Agreement (Lehman Brothers Holdings Inc)
Discontinuance of the Index. (a) If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index (the "Successor Index") that the Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index, then the Calculation Agent shall calculate the Maturity Payment Amount pursuant to Section 2 hereof Final Index Level will be determined by reference to the index level of such Successor Index at the Close of Trading on the NYSE, AMEX, Nasdaq NYSE or the relevant exchange or market for the Successor Index on the date the Final Calculation DateIndex Level is to be determined.
Appears in 2 contracts
Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc), Calculation Agency Agreement (Lehman Brothers Holdings Inc)
Discontinuance of the Index. (a) If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index (the "Successor Index") that the Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index, then the Calculation Agent shall calculate the Equity Bonus and the Maturity Payment Amount pursuant to Section 2 hereof by reference to the index level of such Successor Index at the Close of Trading on the NYSE, AMEX, Nasdaq or the relevant exchange or market for the Successor Index on the Final Calculation Date.
Appears in 1 contract
Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)
Discontinuance of the Index. (a) If S&P discontinues publication of the Index and S&P or another entity publishes a successor or substitute index (the "Successor Index") that the Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index, then the Calculation Agent shall calculate the Maturity Payment Amount pursuant to Section 2 hereof by reference to the index level of such Successor Index at the Close of Trading on the NYSE, AMEX, Nasdaq or the relevant exchange or market for the Successor Index on the date that the Final Calculation DateIndex Level is to be determined.
Appears in 1 contract
Samples: Calculation Agency Agreement (Lehman Brothers Holdings Inc)