Examples of Fallback Settlement Method in a sentence
Where "Cash Settlement" is specified to be the Settlement Method (or if Cash Settlement is applicable as the Fallback Settlement Method in accordance with Section 6.1 (Auction Settlement)), Exclude Accrued Interest shall, unless otherwise specified in the Pricing Supplement, be applicable.
If the Calculation Agent does not deliver an effective Notice to Exercise Movement Option on or prior to the Movement Option Cut-off Date, such Credit Event will be subject to the Fallback Settlement Method.
If "Auction Settlement" is specified as the Settlement Method in the Pricing Supplement, and an Event Determination Date has occurred on or prior to the Auction Final Price Determination Date and in accordance with Section 6.1 ( Auction Settlement) the Fallback Settlement Method is not applicable, "Final Price" shall mean the Auction Final Price.
If “Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement, and the Conditions to Settlement are satisfied as of the Auction Final Price Determination Date and in accordance with Section 12.1 the Fallback Settlement Method is not applicable, “ Final Price” shall mean the Applicable Auction Final Price.
Rather, the provisions of the Auction Settlement Method or the Fallback Settlement Method, as applicable, which would apply upon occurrence of a Credit EventCDD in the form of a BankruptcyCDD or a Failure to PayCDD, apply mutatis mutandis.