Deliverable Assets definition

Deliverable Assets shall be the asset(s) specified in the applicable Final Terms constituting, representing or comprised in the relevant Underlying (which assets shall not belong to the Issuer nor to an entity belonging to the group of the Issuer).

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Deliverable Assets means the EIB Charged Assets as reduced by a portion of the EIB Charged Assets (the “Liquidated Portion”), as determined by the Calculation Agent in its sole discretion, with a cash value on sale, excluding accrued interest, equal to: (i) any taxes required to be paid in connection with such delivery and/or realisation prior to distribution to the Sole Noteholder, (ii) any costs, charges, expenses and liabilities incurred by the Company and the Broker in effecting such delivery and/or realisation.

Deliverable Assets means the number of Shares as specified in the relevant Final Terms;

Examples of Deliverable Assets in a sentence

When the settlement of a Physical Delivery Note is by way of physical delivery, the delivery of any Physical Delivery Amount in respect of Physical Delivery Notes (including, without limitation, liability for the costs of transfer of Deliverable Asset(s)) will be made through the relevant Clearing System.
Any delivery of Deliverable Assets will only be made in compliance with applicable securities laws.
No additional payment or delivery will be due to a Noteholder where any Deliverable Asset(s) is/are delivered after their due date in circumstances beyond the control of either the Issuer or the Settlement Agent.
In such circumstances, the Issuer may satisfy its obligations in respect of such Non-Eligible Deliverable Assets by payment to such Noteholder of the Partial Cash Settlement Amount on the Partial Cash Settlement Date.
If with respect to physically settled Notes, (i) the Deliverable Obligations comprise Bonds, Assignable Loans or Consent Required Loans (the Deliverable Assets) and if (ii), in the opinion of the Calculation Agent, any particular Noteholder is not eligible for Physical Settlement for any part of such Deliverable Assets (the Non-Eligible Deliverable Assets) then such Non-Eligible Deliverable Assets will be subject to Cash Settlement pursuant to the Partial Cash Settlement Terms.
In the event that the Issuer, for any reason, is unable to effect Delivery of the relevant Deliverable Asset(s) to any Noteholder by the Maturity Date (or other specified settlement date therefor specified in the applicable Final Terms (such Maturity Date, or, as the case may be, other settlement date, the “Final Settlement Date”)) the Issuer may continue to attempt such Delivery for an additional 60 Business Days after the Final Settlement Date.
The Guarantor is only obliged to pay a cash amount (the Physical Settlement Disruption Amount) instead of delivering the Deliverable Assets if the relevant Issuer fails to satisfy its delivery obligations under the Securities.
Transfer and Delivery of the relevant Deliverable Asset(s) in accordance with the above provisions shall fully and effectively discharge the Issuer’s obligation to redeem the pro rata share of the relevant Physical Delivery Notes and (in the circumstances referred to in the following paragraph) payment of the pro rata share of any Final Redemption Amount shall fully and effectively discharge the Issuer’s obligation to redeem the whole of the relevant Physical Delivery Note.

More Definitions of Deliverable Assets

Deliverable Assets means all plant, machinery, tools, equipment, vehicles and other chattels on the Properties or otherwise owned by the Vendor at the Effective Date for the purpose of the Business as listed in Schedule 10;

Deliverable Assets means (a) the Specified Number of Underlying Shares per Note as specified or otherwise provided in the relevant Final Terms (subject to adjustment in accordance with these Equity Linked Conditions) rounded down to the nearest Minimum Trading Unit, and (b) any cash equivalent of such Specified Number of Underlying Shares not delivered due to such rounding down to the nearest Minimum Trading Unit;