Examples of Index Event in a sentence
Upon the determination by the Calculation Agent that an Index Event (as defined herein) has occurred, the Redemption Amount payable on the Maturity Date will be limited to the Calculation Amount.
Following the occurrence of such an Index Event, an Index Event Amount (if any) will be payable to Securityholders.
The Calculation Agent has broad discretion to make certain determinations and adjustments and/or to determine that an Index Event (as defined herein) has occurred, any of which may have an adverse affect on the Securities.
Upon the occurrence of any Index Event (as defined below), the Relevant Issuer may, upon giving not less than 30 nor more than 60 days’ notice to the Note Trustee and the holders of the Indexed Notes in accordance with Condition 18 (Notices), redeem all (but not some only) of the Indexed Notes of all Tranches on any Interest Payment Date at the Principal Amount Outstanding (adjusted in accordance with Condition 7(a) (Application of the Index Ratio)) plus accrued but unpaid interest.
Unless the Notes fall due for redemption early for any reason, or an Index Event occurs (as described in paragraph (I) below) no amount shall be payable to Securityholders in respect of the Notes on any date other than the Maturity Date when each nominal amount of Securities equal to the Calculation Amount shall be redeemed at the Redemption Amount.