Hypothetical Transaction definition

Hypothetical Transaction means a hypothetical credit derivative transaction between the Issuer (as “Seller”) and a hypothetical Noteholder (as “Buyer”) which incorporates the Credit Derivatives Definitions and which is otherwise on such terms as may be determined by the Calculation Agent to provide to the Issuer substantially similar rights and remedies with respect to the Reference Entities as are provided under the Notes. A Hypothetical Transaction is used only for the purposes of determining whether resolutions of a Credit Derivatives Determinations Committee will be binding on the Noteholders.

Hypothetical Transaction means a hypothetical total return swap transaction concluded between the Issuer and the Noteholder, the date of termination of which occurs one year after the date of conclusion thereof and is subject to the terms of the 2002 ISDA Master Agreement as published by the International Swaps and Derivatives Association, Inc. (including a Schedule thereto) concluded on the Issuer’s standard terms, in terms of which hypothetical total return swap transaction the Issuer would be paying to the Noteholder amounts equal to any amount received by the Issuer during the Hypothetical Transaction Period in respect of the Underlying Bonds, including amounts of interest and any capital gains, and the Noteholder would be paying to the Issuer interest amounts on a quarterly basis determined with reference to the Hypothetical Floating Rate (such Hypothetical Floating Rate applied to an amount equal to the Aggregate Nominal Amount), and the amounts payable by either the Issuer and/or the Noteholder to the other are denominated in ZAR.

Hypothetical Transaction means a hypothetical credit derivative transaction between the Issuer (as “Buyer” in respect of the Long Reference Entities and “Seller” in respect of the Short Reference Entities) and a hypothetical Noteholder (as “Seller” in respect of the Long Reference Entities and “Buyer” in respect of the Short Reference Entities) which incorporates the Credit Derivatives Definitions and which is otherwise on such terms as may be determined by the Calculation Agent to provide to the Issuer substantially similar rights and remedies with respect to the Reference Entities as are provided under the Notes. A Hypothetical Transaction is used only for the purposes of determining whether resolutions of a Credit Derivatives Determinations Committee (including as to the holding of Auctions) will be binding on the Noteholders;

Examples of Hypothetical Transaction in a sentence

• Resolutions of the relevant Credit Derivatives Determinations Committee or the Index Sponsor that are, as determined by the Calculation Agent, acting in good faith and in a commercially reasonable manner, relevant to the Notes or which would be applicable to any Hypothetical Transaction in respect of the Notes shall be binding on the Issuer, the Trustee and the Noteholders, regardless of any other determination that may be made by the Calculation Agent.

• Potential Instinet Pricing ($ in millions) Market rumors indicate Instinet may be acquired at a value of $1.8bn Currently not possible to derive implied multiples for INET and Instinet Broker Set out below are the implied multiples at various prices Hypothetical Transaction Value Current Mkt.

• Termination Date: The earlier of (a) the Scheduled Termination Date and (b) the Termination Date of the last outstanding Hypothetical Transaction.

• Hypothetical Transaction Structure for Zeta Charter Schools Project Transaction Participants and MotivationsIn a transaction such as this, there are three primary actors who must come to terms to make the deal happen: the developer-owner of the property, the OZ investor, and the charter school.

• Floating Rate Payer Payment Dates: Seven Business Days following any FloatingRate Payer Payment Date or any Additional Fixed Amount Payment Date under a Hypothetical Transaction upon which the Aggregate Loss Determination Amount under this Transaction exceeds the Threshold Amount under this Transaction, or exceeded the Threshold Amount under this Transaction on the preceding Floating Rate Payer Payment Date or Additional Fixed Amount Payment Date, as the case may be, under a Hypothetical Transaction.

• Resolutions of the relevant Credit Derivatives Determinations Committee or the Index Sponsor that are, in the sole discretion of the Calculation Agent, relevant to the Notes or which would be applicable to any Hypothetical Transaction shall be binding on the Issuer, the Trustee and the Noteholders, regardless of any other determination that may be made by the Calculation Agent.

• The other party is not acting as a fiduciary for, or an adviser to it in respect of the Transaction.Interest Shortfall Cap Annex Interest Shortfall Cap is not applicable however these Interest Shortfall provisions are included in this form of Hypothetical Transaction solely for the purposes of calculating the Available Spread pursuant to the Transaction to which it relates.

• Hypothetical Transaction Structure for a Charter School Project Using OZ Financing Transaction Structure‌‌Ms. Doe had sufficient capital gains to fully capitalize the Qualified Opportunity Fund (QOF).

• The other party is not acting as a fiduciary for, or an adviser to it in respect of the Transaction.Interest Shortfall Cap AnnexInterest Shortfall Cap is not applicable however these Interest Shortfall provisions are included in this form of Hypothetical Transaction solely for the purposes of calculating the Available Spread pursuant to the Transaction to which it relates.