Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner.
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Entity, the maximum possible Cash Settlement Amount that could be determined under the Default Swap as a result of such Credit Event alone, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner. Interest Commencement Date: The Interest Commencement Date is theIssue Date.Interest Accrual Dates: The Interest Accrual Dates in respect of the Notes shall be 20 March, 20 June, 20 September and 20 December in each year commencing on 20 June 2007, subject to adjustment in accordance with the Following Business Day Convention. The final Interest Accrual Date in respect of the Notes is expected to be the Scheduled Maturity Date. Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and, thereafter, each successive Interest Period shall begin on (and include) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date. Interest Payment Dates: The interest accruing in respect of each Interest Period shall be paid on the fifth Business Day following each Interest Accrual Date on which such Interest Period ends, provided that in respect of the Interest Period ending on (but excluding) the Scheduled Maturity Date, the interest shall be paid on the Scheduled Maturity Date. If the Maturity Date falls after the Scheduled Maturity Date, the Scheduled Maturity Date shall not be an Interest Payment Date and the final Interest Payment Date shall be the Maturity Date (and there shall be no Interest Payment Date between the Interest Payment Date relating to the Interest Accrual Date falling on or nearest to 20 December 2013 and the Maturity Date). The Interest Payment Dates shall be subject to adjustment in accordance with the Following Business Day Convention. Coupon Rate: EUR-LIBOR-BBA plus 0.60 per cent. per annum, where the Designated Maturity shall be 3 months and the Reset Date shall be the first day of the relevant Interest Period, other than with respect to the first Interest Period for which the Coupon Rate shall be determined by reference to linear interpolation between two months and three months. Day Count Fraction: Actual/360 Undetermined Reference Entity The “Undetermined Reference EntityAdditional Interest Amount” in respectAdditional Interest Amounts: of each Undetermined Reference EntityAdditional Interest Payment Date...
Maximum Cash Settlement Amount means, in respect of each Credit Event and a Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent acting in good faith and a commercially reasonable manner, on the basis that the Loss Determination Amount in respect of each Defaulted Reference Obligation (as defined in the Default Swap) for which a Cash Settlement Amount has not been determined will be equal to the Notional Amount of such Defaulted Reference Obligation.
Examples of Maximum Cash Settlement Amount in a sentence
On the date falling two Business Days prior to the Initial Termination Date and, thereafter, promptly after each Adjustment Date, the Calculation Agent shall, by written notice, notify the Swap Counterparty, the Issuer, the Administrator and the Note Trustee of the Potential Defaulted Reference Obligations, the Maximum Cash Settlement Amount and the Payable Maximum Cash Settlement Amount.
On the date falling 2 Business Days prior to the Initial Termination Date and, thereafter, promptly after each Adjustment Date, the Calculation Agent shall, by written notice, notify the Swap Counterparty, the Issuer, the Administrator and the Note Trustee of the Potential Defaulted Reference Obligations, the Maximum Cash Settlement Amount and the Payable Maximum Cash Settlement Amount.
Proceedings of twenty sixth annual meeting of Southeast Decision Sciences Institute year 1996.
Effective Date: Trade Date Scheduled Termination Date: 30 September 2010Transaction Termination Date: The earlier to occur of (a) the date on which a Cash SettlementAmount equals or exceeds the Maximum Cash Settlement Amount with respect to each Series of Notes and (b) the Scheduled Termination Date.
More Definitions of Maximum Cash Settlement Amount
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in its sole discretion, subject to a maximum amount equal to the Notional Amount relating to the relevant Reference Obligation in respect of such Undertermined Reference Obligation.Interest Commencement Date: 10 July 2007.Interest Accrual Dates: The Interest Accrual Dates in respect of the Notesare 10 January, 10 April, 10 July and 10 October in each year commencing on whichever of the above dates is the first to occur immediately following the Interest Commencement Date and the final Interest Accrual Date will be the Scheduled Maturity Date, which dates shall not be subject to adjustment in accordance with any Business Day Convention.Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and thereafter, each successive Interest Period shall begin on (andinclude) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date.Interest Payment Dates: The interest accruing in respect of each InterestPeriod shall be paid on the second Relevant Business Day following the Interest Accrual Date on which such Interest Period ends, provided that:
Maximum Cash Settlement Amount means, in respect of each Credit Event (or a Credit Event which in the determination of the Counterparty may have occurred in the case of determination of the Maximum Cash Settlement Amount for the purposes of paragraph 61 of the Final Terms) and a Reference Entity, the maximum possible Cash Settlement Amount that could be payable under the Credit Derivative Transactionas a result of such Credit Event, as determined by the Calculation Agent acting in good faith, in a commercially reasonable manner and in its sole judgement. Such Maximum Cash Settlement Amount shall be deemed to apply with effect from the relevant Event Determination Date.
Maximum Cash Settlement Amount means, on the date of determination, the aggregate of (A) the aggregate Defaulted Notional Amount of all Defaulted Reference Obligations, (B) the aggregate Verified Loss Amount in respect of all Pending Liquidated Reference Obligations, and (C) the aggregate Reference Obligation Notional Amount of all Potential Defaulted Reference Obligations. For the avoidance of doubt, if the Maximum Cash Settlement Amount is being determined on any Adjustment Date, any:
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Entity, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in its sole discretion.
Maximum Cash Settlement Amount means, in respect of each Credit Event and a Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent acting in good faith and a commercially reasonable manner, on the basis that the Loss Determination Amount in respect of each Defaulted Reference Obligation (as defined in the Default Swap) for which a Cash Settlement Amount has not been determined will be equal to the Notional Amount of such Defaulted Reference Obligation. If the Swap Counterparty elects to terminate the Default Swap on a Regulatory Optional Early Termination Date (as defined in sub-paragraph 20(B)(vii) below), an Additional Optional Early Termination Date (as defined in paragraph 20(B)(viii) below) or a Ramp-up Period Optional Early Termination Date (as defined in paragraph 20(B)(ix) below) or the Notes are subject to redemption on a Ratings Downgrade Redemption Date, a Default Early Redemption Date, a Rating Agency Test Early Redemption Date and, in such case, the date of such redemption of the Notes is postponed pursuant to sub-paragraph 13(L), the Interest Amount payable on each Note in respect of each subsequent Interest Period shall be the amount (subject to a minimum of zero) determined by the Calculation Agent to be such Note’s pro rata share of the sum of the amounts specified in sub-paragraphs 12(2), 12(3), 12(4) and 12(5) above in respect of such Interest Period.Interest Commencement Date: The Interest Commencement Date is the Issue Date. Interest Accrual Dates: (i) The Interest Accrual Dates in respect of the Notesare 22 March, 22 June, 22 September and 22 December in each year (commencing on 22 March 2005) to and including the Scheduled Maturity Date; and (ii) if the Maturity Date is extended or postponed in accordance with sub-paragraph 11(A) above or sub-paragraph 13(L) below, each Cash Payment Date under the Default Swap, subject in each case to adjustment in accordance with the Following Business Day Convention, for which purpose therelevant Business Days are London and New York City and TARGET Settlement Days. For the avoidance of doubt, if the Maturity Date is extended pursuant to sub-paragraph 11, the final Interest Accrual Date shall be the fifth Business Day prior to the Scheduled Maturity Date (the “Final Interest Accrual Date”). Interest Periods: Each period from (and including) an Interest Accrual Date (or if none the Interest Commenc...
Maximum Cash Settlement Amount means, in respect of each Credit Event (or a Credit Event which in the determination of the Swap Counterparty may have occurred in the case of determination of the Maximum Cash Settlement Amount for the purposes of sub-paragraph 13(L)
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner. (B) Additional Interest AmountsThe "Additional Interest Amount" in respect of each Additional Interest Payment Date shall be calculated by the Calculation Agent in its discretion to reflect the additional amount (if any) which would have been paid on the Interest Payment Date in respect of each Interest Period during the Adjustment Period during which there are one or more Undetermined Reference Obligations (the Interest Period Date in respect of the first such Specified Interest Payment Date being the "Relevant Coupon Accrual Date") had the Final Price in respect of each relevant Reference Obligation been calculated on the Interest Period Date corresponding to such Interest Payment Date for each then Undetermined Reference Obligation.