Examples of Mandatory Redemption Unwind Costs in a sentence
Definitions: "Cash Settlement Amount" means the Market Value of the Collateral minus, unless the Notes have become subject to mandatory redemption under Condition 8.3(C) because of an Event of Default (as defined in the Swap Agreement) by the Swap Counterparty, the Mandatory Redemption Unwind Costs.
Notwithstanding any other provision herein or in the Conditions, in calculating the amount payable by Party B to Party A (if any) or by Party A to Party B (if any) under paragraph (a) in the definition of Mandatory Redemption Unwind Costs under the Conditions, the Calculation Agent shall determine the amount that would be payable in accordance with Section 6 of the Agreement.
Mandatory Redemption Amount means an amount in USD (subject to a minimum of zero) that is equal to the liquidation proceeds of the Collateral (as determined by the Swap Counterparty in its sole and absolute discretion) less the Mandatory Redemption Unwind Costs.
In certain circumstances (and in particular if there are amounts payable by the Issuer to the Swap Counterparty on termination of the Swap Agreement) the Mandatory Redemption Unwind Costs may represent a considerable portion of (or exceed) the Aggregate Outstanding Principal Amount of the Notes.
In certain circumstances (and in particular if there are amounts payable by the Issuer to the Swap Counterparty on termination of the Swap Agreement) the Mandatory Redemption Unwind Costs may represent a considerable portion of (or exceed) the realised sale proceeds of the Collateral.