Knock Out Event definition

Knock Out Event means the event as defined in §4(4).

Knock Out Event means that (i) the event or occurrence specified as such in the relevant Final Terms; and (ii) (unless otherwise specified in the relevant Final Terms) that the price of the Security or, as the case may be, the level of the Index, determined by the Calculation Agent as of the Knock-out Valuation Time on any Knock-out Determination Day is, as specified in the relevant Final Terms, (i) "greater than", (ii) "greater than or equal to", (iii) "less than" or (iv) "less than or equal to" the Knock-out Price or, as the case may be, Knock-out Level.

Knock Out Event means the event as defined in §4(4). "Maturity Date" means the date specified in §5(1). "Minimum Amount" means EUR 0.001 per Security. "Multiplier" means the Multiplier specified in the Table.

Examples of Knock Out Event in a sentence

• In diesem Fall hat der Wertpapiergläubiger das Recht, je von ihm gehaltenen Wertpapier den Knock Out Abrechnungsbetrag (§2(2)) in der Auszahlungswährung zu beziehen (ebenfalls der„Auszahlungsbetrag“).If a Knock Out Event (§2(3)) occurs, the Security Right expires on such day (the “Knock Out Expiration Date”) and the Securities become invalid.

• Following a Knock- Out Event, however, the Securities may no longer be exercised either automatically or by delivery of an Exercise Notice.

• Knock Out Ereignis§2Knock Out Event (1) Folgen des Eintritts eines Knock Out Ereignisses(1) Consequences of the occurrence of a Knock Out Event Wenn ein Knock Out Ereignis (§2(3) dieser Bedingungen) eintritt, erlischt das Wertpapierrecht vorzeitig an diesem Tag (der „Knock Out Verfalltag“) und die Wertpapiere werden ungültig.

• Knock Out Ereignis§2Knock Out Event (1) Folgen des Eintritts eines Knock Out Ereignisses(1) Consequences of the occurrence of a Knock Out Event Wenn ein Knock Out Ereignis (§2(3)) eintritt, erlischt das Wertpapierrecht vorzeitig an diesem Tag (der „Knock Out Verfalltag“) und die Wertpapiere werden ungültig.If a Knock Out Event (§2(3)) occurs, the Security Right expires on such day (the “Knock Out Expiration Date”) and the Securities become invalid.

• A retrospective analysis may show that the Issuer assessed the gap risk as too high or too low.In the case of Closed End Turbos for which the Exercise Style is "American Style", Warrant Holders cannot rely on being able to exercise their Option Rights at all times prior to the occurrence of a Knock- Out Event.

More Definitions of Knock Out Event

Knock Out Event means that (i) the event or occurrence specified as such in the relevant Pricing Supplement; and (ii) (unless otherwise specified in the relevant Pricing Supplement) that the price of the Security or, as the case may be, the level of the Index, determined by the Calculation Agent as of the Knock- out Valuation Time on any Knock-out Determination Day is, as specified in the relevant Pricing Supplement,

Knock Out Event means (i) in the case of a single Index, that the level of the Index determined by the Calculation Agent as of the Knock-out Valuation Time on any Knock-out Determination Day is and (ii) in the case of a basket of Indices, that the amount determined by the Calculation Agent equal to the sum of the values of each Index as the product in respect of each Index of (x) the level of such Index as of the Knock-out Valuation Time on any Knock-out Determination Day and (y) the relevant Weighting is (i) "greater than", (ii) "greater than or equal to", (iii) "less than" or (iv) "less than or equal to" the Knock-out Level as specified in the applicable Final Terms.

Knock Out Event means (unless otherwise specified in the applicable Pricing Supplement) either:

Knock Out Event means the Knock-out Value is (A):

Knock Out Event means any act or omission on the part of any Service Provider, the Fund or any Key Employee with respect to the Fund at any time (including for the avoidance of doubt, before the Closing Date) that, in the Agent’s reasonable judgment after consultation with Nationally Recognized Outside Counsel, constitutes gross negligence, bad faith, willful misconduct, fraud or a criminal act resulting (a) in the Agent’s reasonable judgment, in any decrease in the NAV Per Share of any Fund Share Class of 1% or more on or after the Closing Date and (b) in a change in Portfolio Value, the Aggregate NAV of the Fund, the Eligible Portfolio Value or the Aggregate Protected Amount. The notice of occurrence of a Knock-Out Event: (i) will include a description of the Capital Protection Provider’s reasoning for declaring such Knock-Out Event and (ii) will be delivered by any one of the following members of the BNP Paribas group: the acting Head of Global Equities and Commodity Derivatives — Americas, the acting Head of Equities Americas, or the acting General Counsel of the Americas (or, if not available, the next highest ranking attorney within the legal department in the United States), in each case, as any such title may be modified from time to time.

Knock Out Event means (unless otherwise specified in the applicable Pricing Supplement) that the level of the Index determined by the Calculation Agent as of the Knock-out Valuation Time on any Knock-out Determination Day is, as specified in the applicable Pricing Supplement, (i) “greater than”, (ii) “greater than or equal to”, (iii) “less than” or (iv) “less than or equal to” the Knock-out Level. If “Knock-out Event” is specified as applicable in the Pricing Supplement, then, unless otherwise specified in such Pricing Supplement, amendment to the terms of the Notes (as specified in the applicable Pricing Supplement) and/or payment under the relevant Notes subject to a Knock-out Event shall be conditional upon the occurrence of such Knock-out Event.

Knock Out Event means the event or occurrence specified as such in the related Confirmation. In the event that the related Confirmation does not specify such an event or occurrence but specifies a Knock-out Price, a Knock-out Event shall occur for a Transaction: (i) where, on the Trade Date, the Knock-out Price is greater than the Strike Price, Bullion Strike Price or other initial level set for the Transaction, when the level, price or amount of the Knock-out Reference Price determined as of the Knock-out Valuation Time on any Knock-out Determination Day is greater than or equal to the Knock¬out Price; and (ii) where, on the Trade Date, the Knock-out Price is less than the Strike Price, Bullion Strike Price or other initial level set for the Transaction, when the level, price or amount of the Knock-out Reference Price determined as of the Knock-out Valuation Time on any Knock-out Determination Day is less than or equal to the Knock-out Price. The Knock-out Determination Agent shall determine whether a Knock-out Event has occurred.