Examples of Fallback Settlement Method in a sentence
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.
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.
Where Physical Settlement is applicable as the Fallback Settlement Method pursuant to Section 12.1 (Auction Settlement) or 12.17 (Movement Option) of the 2003 ISDA Credit Derivatives Definitions, each Cleared Transaction will be subject to settlement in accordance with its terms and this Section 6 (Physical Settlement).
The Valuation Date shall be a Business Day selected by Buyer that is at least five (5) Business Days after the occurrence of an Auction Cancellation Date, a No Auction Announcement Date or such other date as referred to in Section6.1 of the Credit Derivatives Definitions (as the case may be) upon which it is determined that the Fallback Settlement Method shall apply.
If the Fallback Settlement Method applies in respect of a Cleared Transaction and a subsequent resolution of the Credit Derivatives Determinations Committee determines that Transaction Auction Settlement Terms will be published, LCH SA shall have no obligation to create Settlement Matched Pairs in accordance with Section 6.2 (Creation and Notification of Settlement Matched Pairs).