Examples of Affected Index in a sentence
Affected Index means the Index affected by an Administrator/Benchmark Event.
If the Calculation Agent would replace such Affected Index with a New Index but is unable to identify an index meeting the criteria in (a) and (b), then the amount payable by the Issuer on the Scheduled Maturity Date will be the Modified Redemption Amount (as defined in paragraph 23 (Final Redemption Amount) of the Issue Specific Terms).
If an Error is not corrected by 11.59pm, New York time, on the Index Publication Day following the occurrence of the Error, the Index Calculation Agent shall determine whether such Error affects any published Index Level (such Error, a Material Error and each affected Index Level, an Affected Index Level).
Affected Index") shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day relating to the Affected Index, unless each of the eight Scheduled Trading Days immediately following the Scheduled Valuation Date is a Disrupted Day relating to the Affected Index.
In order to be selected as a Substitute Index Component, the Substitute Index Component shall be an alternative futures contract or commodity index relating to a futures contract on similar terms to the Affected Index Component.
Investors in Affected Index Linked Investments should consult their own tax advisors.
Any such withholding will reduce the performance of the Affected Index Linked Investment, possibly materially so.Where a Component of an Index gives rise to a dividend equivalent payment, the Index Calculation Agent will assume a withholding tax rate of 30% in calculating the Index Level, regardless of whether any lower rate may be applicable to any investor of an Affected Index Linked Investment under a treaty.
The counterparty to, or issuer of, any Affected Index Linked Investment will be required to withhold such taxes on any dividend equivalents paid on any Component during the term of such Affected Index Linked Investment (regardless of whether or not a notional withholding tax is applied to such dividends in accordance with the relevant Index Manual).
Alternatively, the Issuer may (but shall not be obliged to) replace the Affected Index with another index selected by the Issuer in its sole discretion (if, and to the extent, specified to be applicable in the applicable Conditions Supplement) or redeem all, but not some only, ofthe Notes, at the Early Redemption Amount.
Code 1245 4816 ISSUES INDEX I – 1 Editor’s Note 1: The Cumulative Index and Sections Affected Index will be printed on a quarterly basis.