Cash Alternative Payment Date definition

Cash Alternative Payment Date means the date falling 5 TARGET Business Days after the last day of the Cash Alternative Calculation Period.

Cash Alternative Payment Date means the date falling three T2 Business Days after the last day of the Cash Alternative Averaging Period;

Cash Alternative Payment Date means the date falling four Business Days after the last day of the Cash Alternative Calculation Period.

Examples of Cash Alternative Payment Date in a sentence

• The Issuer will pay the Cash Alternative Amount, together with any other amount as aforesaid, by not later than the Cash Alternative Payment Date by transfer to a euro account with a bank in a city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Exchange Notice.

• The Issuer will pay the Cash Alternative Amount (whether payable pursuant to a Cash Election or following its failure to deliver Exchange Property), together with any other amount as aforesaid, by not later than the Cash Alternative Payment Date by transfer to a euro account maintained in a city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Exchange Notice.

• The relevant Cash Election Notice shall specify the Reference Exchange Property, the Cash Settled Exchange Property, the period which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Calculation Period and the date which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Payment Date.

More Definitions of Cash Alternative Payment Date

Cash Alternative Payment Date means the date falling 5 TARGET Business Days after the last day of the Cash Alternative Calculation Period.(v) If a Bondholder would otherwise have been entitled to receive, in respect of the exercise of Exchange Rights, any Additional Exchange Property pursuant to Condition 6(b)(ii) in circumstances where a Cash Election is made in respect of the relevant exercise of Exchange Rights or the Issuer fails to deliver all or part of the pro rata share of the Exchange Property which falls to be delivered on the relevant Settlement Date, the Issuer shall, in lieu of delivering such Additional Exchange Property, pay to the relevant Bondholder an amount (the “Further Amount”) equal to the Value of such Additional Exchange Property as at the date on which the relevant change in the composition of the Exchange Property is or would be effective (the “Change Date”), all as determined by the Calculation Agent or an Independent Adviser and such Further Amount shall be paid by transfer to a euro account maintained in a city in which banks have access to the TARGET System in accordance with the instructions given by the Bondholder in the relevant Exchange Notice by not later than the latest of (a) the date falling five Trading Days after the Change Date (or if that is not a TARGET Business Day, the next following TARGET Business Day) and (b) the relevant Cash Alternative Payment Date in accordance with the instructions given by the relevant Bondholder in the relevant Exchange Notice.7 The Exchange Property

Cash Alternative Payment Date has the meaning set out in Condition 7(B)(iv); “Cash Election” has the meaning set out in Condition 7(B)(iv);

Cash Alternative Payment Date has the meaning provided in Condition 7(e);