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.
For such purposes, the Maximum Cash Settlement Amount in relation to an Undetermined Reference Entity shall be calculated on the basis of a Final Price of zero.
As soon as reasonably practicable following the date of determination or recalculation of the Swap Premium, Maximum Cash Settlement Amount, Payable Maximum Cash Settlement Amount or Cash Settlement Amount, the Calculation Agent will promptly notify the Issuer, the Administrator, the Principal Paying Agent, the Agent Bank, and the Note Trustee in writing accordingly of such amount.
Cash Settled Warrants (which are not Credit Linked Warrants) may be subject to a specified maximum Cash Settlement Amount, in which case the Cash Settlement Amount calculated in accordance with Conditions 4.2(a) to 4.2(c) will be subject to the Maximum Cash Settlement Amount specified in the applicable Final Terms.
For the purposes of determining the Maximum Cash Settlement Amount for any date of determination, the Calculation Agent shall assume that the Conditions to Settlement will be satisfied in respect of each Defaulted Reference Obligation and Potential Defaulted Reference Obligation and that no Credit Events will occur in respect of any other Reference Obligation after the relevant date of determination.