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Common use of November 2016 Clause in Contracts

November 2016. Minimum Exercise Number 1 Open-End Knock-Out Warrant Reference Price The Reference Price shall be the relevant rate, price or level of the Underlying for the purpose of calculating the Cash Amount and shall be determined as follows: Reference Price shall mean the closing price of the Underlying determined and published by the Reference Agent on the Valuation Date. Valuation Date The Valuation Date shall be (a) in each case in the event of effective exercise by the Security Holder, an Exercise Date on which the Security Right is exercised effectively by the Security Holder in accordance with section 4 of the General Conditions; (b) in the event of ordinary termination by the Issuer pursuant to section 5 of the General Conditions, the Ordinary Termination Date in accordance with section 5 (2) of the General Conditions. If (i) the Valuation Date is not an Exchange Day or (ii) in the event of effective exercise by the Security Holder, the Exercise Notice is not received by the Exercise Agent until after the Reference Price has been determined by the Reference Agent on the Valuation Date, then the Valuation Date shall be postponed to the next following Exchange Day. Exchange Day A day on which trading in the Underlying takes place on the Reference Agent.

Appears in 4 contracts

Samples: Final Terms, Final Terms, Final Terms