Examples of Observation Date in a sentence
If one of these days is not an Underlying Calculation Date in relation to an Underlying(i), the immediately succeeding Underlying Calculation Date is deemed to be the relevant Observation Date in relation to all Underlyings.
Unless previously redeemed, repurchased or cancelled, upon the occurrence of a Trigger Event on any Trigger Observation Date, the Issuer shall redeem each Complex Product on the relevant Trigger Redemption Date at the relevant Trigger Redemption Price.
For the avoidance of doubt, if for any Observation Date no Additional Amount was paid (§ 1 (1) (d)), the Additional Amount(k) for such Observation Date equals Zero (0).
If the Issuer determines, in its sole discretion, that on any Observation Date a Market Disruption Event has occurred, then that Observation Date shall be postponed until the first succeeding Underlying Stock Business Day on which there is no Market Disruption Event, unless there is a Market Disruption Event on each of the five Underlying Stock Business Days immediately following the original date that, but for the Market Disruption Event, would have been an Observation Date.
In this example, no Autocall Redemption Event would occur because the Portfolio Value at each Observation Date is below the Autocall Redemption Value.