Auction Final Price definition

Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).

Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to the relevant Credit Derivatives Auction Settlement Terms.

Examples of Auction Final Price in a sentence

• On each Business Day from, and including, the relevant Auction Currency Fixing Date to, and including, the earlier of (i) the Auction Final Price Determination Date and (ii) the Auction Cancellation Date, the Administrators will determine whether an Auction Currency Rate can be determined for any Relevant Pairing in accordance with Section 2(a) of these Credit Derivatives Auction Settlement Terms.

• In all cases, if the Auction Final Price determined pursuant to these Credit Derivatives Auction Settlement Terms is greater than 100 percent, then, for purposes of settling the Auction Covered Transactions only, the Auction Final Price will be deemed to be 100 percent.

• If Buyer fails to deliver an effective Notice of Physical Settlement on or before the first day following the Auction Final Price Determination Date on which commercial banks and foreign exchange markets are generally open to settle payments in the Relevant City (as defined in the Rules) (the "Notice of Physical Settlement Date"), Buyer will have no right thereafter to deliver a Notice of Physical Settlement.

• If the Open Interest is zero, the Auction Final Price will be the Initial Market Midpoint.

• The Auction Final Price determined pursuant to an auction may be less than the market value that would otherwise have been determined in respect of the relevant Reference Obligation.

More Definitions of Auction Final Price

Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant UK Four institution, as applicable, as determined by the Calculation Agent.

Auction Final Price means the price, expressed as a percentage, determined pursuant to the Auction and published by ISDA;

Auction Final Price means the price, if any, specified to be the Auction Final Price in the Transaction Auction Settlement Terms with respect to the Reference Entity (expressed as a percentage) or, in the case of a Restructuring Credit Event in respect of which the Movement Option was exercised on or prior to the Movement Option Cut-Off Date, the price, if any, specified to be the Auction Final Price in the Parallel Auction Settlement Terms with respect to the Reference Entity (expressed as a percentage).

Auction Final Price means the price, expressed as a percentage, determined to be the Auction Final Price with respect to the Reference Entity under the relevant CDS Transaction pursuant to the relevant Credit Derivatives Auction Settlement Terms;

Auction Final Price means the price determined to be the Auction Final Price pursuant to an Auction;

Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of the Credit Derivatives Auction Settlement Terms with respect to the relevant Reference Entity (expressed as a percentage).

Auction Final Price. Auction Final Price (expressed as a percentage) has the meaning set forth in the Transaction Auction Settlement Terms in respect of the Reference Entity.