Equity Linked Notes and Equity Basket Notes Clause Samples
Equity Linked Notes and Equity Basket Notes. If, in the opinion of the Determination Agent, any Valuation Date is a Disrupted Day, then:
(a) in the case of an Equity Linked Note in respect of which the applicable Final Terms specify only one type of Underlying Security, the Valuation Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the original date that, but for the Disrupted Days, would have been the Valuation Date (the "Scheduled Valuation Date") is a Disrupted Day, in which case that eighth Scheduled Trading Day shall be deemed to be the Valuation Date notwithstanding the fact that it is a Disrupted Day, and the Determination Agent shall determine in good faith the relevant Exchange traded price (the "Traded Price") for such Underlying Securities that would have prevailed on that eighth Scheduled Trading Day but for that Disrupted Day; and
(b) in the case of Equity Basket Notes, the Valuation Date for each Underlying Security not affected by the occurrence of a Disrupted Day shall be the Scheduled Valuation Date, and the Valuation Date for each Underlying Security affected by the occurrence of a Disrupted Day shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the Scheduled Valuation Date is a Disrupted Day, in which case that eighth Scheduled Trading Day shall be deemed to be the Valuation Date for the relevant Underlying Security notwithstanding the fact that it is a Disrupted Day and the Determination Agent shall determine the relevant Traded Price for such Underlying Security that would have prevailed on that eighth Scheduled Trading Day but for that Disrupted Day. All determinations made by the Determination Agent pursuant to this Condition will be conclusive and binding on the Noteholders, the Guarantor (where the Notes are issued by BCCL), the Paying Agents and the Issuers except in the case of manifest error. As soon as reasonably practicable following any determination of the Traded Price by the Determination Agent in accordance with this Condition 7.1, the Issuer shall procure that notice of the Traded Price is provided to Noteholders in accordance with Condition 16.
Equity Linked Notes and Equity Basket Notes. The Issuer may at any time determine and declare that a Potential Adjustment Event has occurred. Following such declaration by the Issuer of any Potential Adjustment Event, the Determination Agent will determine whether such Potential Adjustment Event has a diluting or concentrative effect on the theoretical value of the relevant Underlying Shares and, if so, will (i) make the corresponding adjustment(s), relevant to the exercise, settlement, payment or other terms of the Notes as the Determination Agent determines appropriate to account for that diluting or concentrative effect and (ii) determine the effective date(s) of the adjustment(s). The Determination Agent may (but need not) determine the appropriate adjustment(s) by reference to the adjustment(s) in respect of such Potential Adjustment Event made by an options exchange to options on the relevant Underlying Shares traded on that options exchange.