Examples of Alternative Drawdown Document in a sentence
Additional risk factors may be set out in any Alternative Drawdown Document for any Series and prospective purchasers should also read those risk factors in connection with the Notes to which such Alternative Drawdown Document relates.
However, it would be wrong to suggest that this is a novel product worldwide.
Either (i) the full text of these Terms and Conditions together with the Commodity-linked Conditions and the relevant provisions of Part A of the applicable Issue Terms or the relevant section of an Alternative Drawdown Document, as the case may be, or (ii) these Terms and Conditions as so completed, amended, supplemented or varied (and subject to the deletion of non-applicable provisions), shall be endorsed on any Certificate.
References in such Master Conditions to the Issue Terms or the applicable terms and conditions set out in the Alternative Drawdown Document shall be to the provisions set out in these Issue Terms.
The Rate of Interest in respect of Floating Rate Securities for each Interest Accrual Period shall be determined in accordance with the ISDA Determination provisions below, unless otherwise specified in an applicable Alternative Drawdown Document.
If such Early Termination Amount would have been payable by the Issuer to the Initial Swap Counterparty, then Securityholders shall pay an amount equal to such Replacement Costs in freely transferable funds to the account of the Initial Swap Counterparty specified in the Swap Agreement within five Business Days (or such other number of days as may bespecified in the applicable Alternative Drawdown Document) of the Replacement Costs Calculation Date.
If such Early Termination Amount would have been payable by the Initial Swap Counterparty to the Issuer, then the Replacement Costs shall be payable by the Initial Swap Counterparty to the Replacement Swap Counterparty on the fifth Business Day following the Replacement Costs Calculation Date (or such other date as may be specified in the applicable Alternative Drawdown Document).
The Swap Agreement(s) will provide that in order to effect such replacement, the Calculation Agent shall following receipt of a Swap Counterparty Replacement Notice, give not less than 25 Business Days’ (or such other number of days as may be specified in the applicable Alternative Drawdown Document) prior written notice to the Issuer, the Initial Swap Counterparty and the Trustee instructing such parties to enter into a Deed of Novation.
The Rate of Interest in respect of Floating Rate Notes for each Interest Accrual Period shall be determined in the manner specified in the applicable Issue Terms and, unless otherwise specified in an applicable Alternative Drawdown Document, the Rate of Interest for each Interest Accrual Period shall be determined by the Calculation Agent as a rate equal to the relevant ISDA Rate, subject as provided in Master Condition 7(e)(Margin) below.
Such Master Conditions, as modified and supplemented by any Additional Conditions set out in any Product Supplement that is specified as being applicable in the applicable Final Terms or Alternative Drawdown Document and further subject to completion in accordance with the provisions of Part A of the applicable Final Terms, or to completion, amendment and/or variation in accordance with the relevant section of an Alternative Drawdown Document, as the case may be, shall be applicable to the Notes.