Examples of Early Redemption Adjustment in a sentence
The Calculation Agent shall determine the Early Redemption Adjustment on the Settlement Valuation Date.
If the Early Redemption Adjustment is a negative number, the Calculation Agent shall calculate the Outstanding Principal Balance of the Deliverable Obligations having a liquidation value (as determined by the Calculation Agent in its sole and absolute discretion) equal to the absolute value of the Early Redemption Adjustment (or, such amount as rounded upwards to the nearest integral multiple) which the Counterparty shall not be obliged to Deliver.
The Issuer will redeem all the Securities as follows in the case of a redemption upon a Credit Event (for the purposes of Fallback Settlement Method only):Subject to Alternative Cash Settlement being applicable, the Issuer will Deliver the Portfolio and pay the Early Redemption Adjustment (if positive) or, as the case may be, the Adjustment Rounding Amount in satisfaction of its obligations under the Swap Agreement apportioned pro rata among all the Securityholders on the Physical Settlement Date.
If the Early Redemption Adjustment is a negative number, the Calculation Agent shall calculate the Outstanding Principal Balance of the Deliverable Obligations having a liquidation value equal to absolute value of the Early Redemption Adjustment (or, such amount as rounded upwards to the nearest integral multiple) which the Counterparty shall not be obliged to Deliver.
The Issuer will redeem the relevant Credit Event Portion of the Securities as follows in the case of a redemption of such relevant portion upon a Credit Event:The Issuer will, subject to paragraph 7(l) below, Deliver the Portfolio and pay the Early Redemption Adjustment (if positive) or, as the case may be, the Adjustment Rounding Amount in satisfaction of its obligations under the Swap Agreement apportioned pro rata among all the Securityholders on the Physical Settlement Date.
Early Redemption Adjustment shall have the meaning given to such term in the Credit- Linked Securities Definitions Module except that the Calculation Agent shall make any currency conversions in its sole and absolute discretion.
If the Early Redemption Adjustment is a negative number, the Calculation Agent shall calculate the Outstanding Principal Balance of the Deliverable Obligations having a liquidation value equal to the absolute value of the Early Redemption Adjustment (or, such amount as roundedupwards to the nearest integral multiple) which the Counterparty shall not be obliged to Deliver.
If the Early Redemption Adjustment is a negative number, the Calculation Agent shall calculate the Outstanding Principal Balance of theDeliverable Obligations having a liquidation value (as determined by the Calculation Agent in its sole and absolute discretion) equal to the absolute value of the Early Redemption Adjustment (or, such amount as rounded upwards to the nearest integral multiple) which the Counterparty shall not be obliged to Deliver.
Such currency conversion shall be in the manner as set out in the definition of "Currency Rate" or as otherwise specified in the Issue Terms.If the Early Redemption Adjustment is positive, then such amount shall be paid, on a pro rata basis, to the Securityholders.
Notwithstanding Condition 2 (Status), where the Portfolio comprises more than one type of Deliverable Obligation, each Securityholder may be Delivered different Deliverable Obligations to each other Securityholder, as determined by the Calculation Agent in its sole discretion.The Calculation Agent shall determine the Early Redemption Adjustment on the Settlement Valuation Date.