Examples of Local Currency Sale Proceeds in a sentence
If the Issuer (or its affiliate) is unable to obtain any firm bid quotations for the Reference Asset from leading dealers in such manner during the Sale Period, or if no sale of the Reference Asset could be effected by a Reference Obligation Holder during the Sale Period for whatever reason, as determined by the Calculation Agent, the Credit Event Local Currency Sale Proceeds shall be deemed to be zero.
USD Sale Proceeds means an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.
Within one Business Day of receipt of such notice from the Noteholder, the Issuer shall inform the Noteholder of the expected Early Termination Amount which will be based on the Local Currency Sale Proceeds and Spot Rate on such day.
USD Sale Proceeds: means, an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.
If the Issuer or its affiliate is unableto obtain any firm bid quote on the first Business Day during the Sale Period, it will continue to seek a firm bid quote on the next Business Day until one or more firm bid quote is obtained provided that if it is unable to get any firm bid quotes for the Reference Assets during the Sale Period, or if no sale of the Reference Assets has been or can be effected during the Sale Period, the Credit Event Local Currency Sale Proceeds shall be deemed to be zero.
Within one Business Days of receipt of such notice from the Noteholder, the Issuer shall inform the Noteholder of the expected Early Termination Amount which will be based on the Local Currency Sale Proceeds and Spot Rate on such day.
Additional Provisions for Use with a Taiwan Underlying Asset/Index: would apply as if such payment were a payment by reference to the Credit Event Local Currency Sale Proceeds.
USD Sale Proceeds an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.
As excavation proceeds and soils are removed from the excavation area, the soils will be loaded onto dump trucks, which will then travel southward along the excavation area and out of the park at Peter Minuit Plaza.