Common use of Initial Exchange Amount Clause in Contracts

Initial Exchange Amount. On the Effective Date, Party B will pay to Party A an amount equal to and in the same currency as the net subscription proceeds of the Securities received by Party B as Issuer of the Securities. Index Cancellation Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies. Index Modification Related Exchange Adjustment, unless no option or futures contracts on the index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

Appears in 3 contracts

Samples: Letter Agreement, www.appsbbva.com, www.appsbbva.com

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Initial Exchange Amount. On the Effective Date, Party B will pay to Party A an amount equal to and in the same currency as the net subscription proceeds of the Securities received by Party B as Issuer issuer of the Securities. Index Cancellation Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies. Index Modification Related Exchange Adjustment, unless no option or futures contracts on the index Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

Appears in 2 contracts

Samples: Letter Agreement, www.appsbbva.com

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Initial Exchange Amount. On the Effective Date, Party B will pay to Party A an amount equal to and in the same currency as the net subscription proceeds of the Securities received by Party B as Issuer of the Securities. Index Cancellation Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies. Index Modification Related Exchange Adjustment, unless no option or futures contracts on the index Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

Appears in 1 contract

Samples: www.appsbbva.com

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