Examples of Interim Exchange in a sentence
Party A hereby agrees to pay to Party B, on each periodic date agreed between the parties (each a “Party A Interim Exchange Date”), an amount agreed between the parties to be equal to the ongoing periodic Transaction Specific Costs of Party B in connection with the Notes (each a “Party A Interim Exchange Amount”).
VIS Interim Exchange I Amount(s): None (but, for the avoidance of doubt,Collateral Obligations and/or Cash Collateral may be subject to a Substitution and/or Release, in respect of which the VIS Interim Exchange II Amounts provision below will apply, at the same time as any reduction of the Aggregate Outstanding Principal Amount).
If Party A does not receive a Redemption Notice with respect to any Interim Exchange Date or Final Exchange Date, then the parties will not be required to pay any Interim Exchange Amounts or Final Exchange Amounts, respectively, on such Interim Exchange Date or Final Exchange Date, as the case may be.
Party A Interim Exchange III Calculation Period: Each period from, and including, one Party A Interim Exchange III Date to, but excluding, the next applicable Party A Interim Exchange III Date, except that (i) the initial Party A Interim Exchange III Calculation Period will commence on, and include the Effective Date and (ii) the final Party A Interim Exchange III Calculation Period will end on but exclude the earlier of (a) the Maturity Date and (b) the Early Termination Date.
Party A Interim Exchange III Amount: In respect of a Party A Interim Exchange III Date, an amount in EUR equal to the sum of the Daily Interim Exchange III Amounts for each day of the Party A Interim Exchange III Calculation Period ending on, but excluding, such Party A Interim Exchange III Date.
Party A Interim Exchange II Calculation Period: Each period from, and including, one Party A Interim Exchange II Date to, but excluding, the next applicable Party A Interim Exchange II Date, except that (i) the initial Party A Interim Exchange II Calculation Period will commence on, and include the Effective Date and (ii) the final Party A Interim Exchange II Calculation Period will end on but exclude the earlier of (a) the Maturity Date and (b) the Early Termination Date.
Party B Interim Exchange Date: In respect of an Interim Exchange Amount, therelevant New Closing Date.
Interim Exchange I Date(s): One Business Day prior to each Maturity Date other than the Final Maturity Date and other than the Maturity Date on which all of the outstanding Class [•] Notes are to be redeemed.
Interim Exchange UBS Interim Exchange I Amount(s): With respect to an Interim Exchange I Date, anamount equal to the sum of the Final Redemption Amounts together with an amount equal to the sum of the Extension Payment Amount(s) (if any) payable pursuant to the Terms and Conditions of the Class [•] Notes on the Maturity Date falling immediately after such Interim Exchange I Date.
UBS Interim Exchange II Amounts: If, in relation to any Substitution, any EligibleCollateral Obligations are required to be purchased, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date, transfer to or to the order of the Collateral Agent on behalf of VIS an amount equal to the Class [•] Notes’ Pro Rata Share of the purchase price therefor.