Partial Cash Settlement Amount definition

Partial Cash Settlement Amount means, in respect of an Undeliverable Obligation, an amount in USD equal to the greater of (i) the product of (a) the Outstanding Principal Balance or Due and Payable Amount, as applicable, of such Undeliverable Obligation (and where the relevant amount is in a currency other than USD, such amount shall be converted to USD at a rate determined by the Calculation Agent in its sole discretion), multiplied by (b) the applicable Relevant Final Price with respect to such Undeliverable Obligation (which shall be subject to a maximum of 100 per cent. of the Outstanding Principal Balance or Due and Payable Amount, as applicable, of such Undeliverable Obligation) and (ii) zero, provided that, where the Calculation Agent determines that a Conversion Event has occurred, the Calculation Agent will determine the Final Price of the relevant Undeliverable Obligation in accordance with the Cash Settlement method and modify such method to the extent necessary to make them compatible with the type and amount of property of such Undeliverable Obligation being so valued and such Undeliverable Obligation shall be treated as having the same currency, Outstanding Principal Balance or Due and Payable Amount, as applicable, as the Valuation Obligation to which it corresponds immediately prior to the Conversion Event. For these purposes the "Relevant Final Price" means the Final Price (as defined in the Credit Annex) (provided that, for such purposes only, the Settlement Method shall be construed as Cash Settlement, the Valuation Date shall be construed as the relevant Partial Cash Settlement Valuation Date and the Valuation Obligation shall be construed as the relevant Undeliverable Obligation).

Partial Cash Settlement Amount means, where the applicable Settlement Method is Physical Settlement, an amount determined by the Calculation Agent equal to the aggregate, for each Undeliverable Obligation, of:

Partial Cash Settlement Amount means, for each Undeliverable Obligation and a Note, the greater of (A) the Outstanding Principal Balance, Due and Payable Amount or Currency Amount, as applicable, of each Undeliverable Obligation, multiplied by the Final Price, as determined by the Determination Agent and (B) zero.

Examples of Partial Cash Settlement Amount in a sentence

• The market value of such Deliverable Obligations and/or the Partial Cash Settlement Amount may be less than the nominal amount of a Note.

• If the Conditions to Settlement are satisfied and the Notes become redeemable in accordance with this Condition 6(a)(v)(4), upon Delivery of the Deliverable Obligations and/or payment of the Partial Cash Settlement Amount, as the case may be, the Issuer shall have discharged its obligations in respect of the Notes and shall have no other liability or obligation whatsoever in respect thereof.

• If any Notes are redeemed following the occurrence of an Event Determination Date in accordance with this Credit Linked Condition 2, upon payment of the Auction Settlement Amount or Cash Settlement Amount, Delivery of the relevant Deliverable Obligations and/or payment of the Partial Cash Settlement Amount, as applicable, the Issuer shall have discharged its obligations in respect of such Notes and shall have no other liability or obligation whatsoever in respect thereof.

• If, as at the relevant Final Delivery Date, any such Deliverable Obligations have not been Delivered, then with respect to such Deliverable Obligations (the "Non-Deliverable Obligations"), the Issuer shall pay to the relevant Noteholder an amount equal to the applicable Partial Cash Settlement Amount on the applicable Partial Cash Settlement Date.

• The value of such Auction Settlement Amount, Cash Settlement Amount, Deliverable Obligations and or Partial Cash Settlement Amount, as the case may be, may be less than the principal amount of such Notes.

More Definitions of Partial Cash Settlement Amount

Partial Cash Settlement Amount means, for each Undeliverable Obligation, the greater of

Partial Cash Settlement Amount means the cash value of the Undeliverable Obligations as determined by the Calculation Agent in accordance with “Final Price” assuming that references to “Valuation Date” shall be read as references to “Partial Cash Settlement Valuation Date” and references to “Reference Obligations” shall be read as references to “Undeliverable Obligations”, on the Partial Cash Settlement Valuation Date;

Partial Cash Settlement Amount means, for each Undeliverable Obligation, Undeliverable Loan Obligation or Undeliverable Participation, an amount equal to the Alternative Cash Settlement Amount (based on and determined by the Calculation Agent in its sole discretion, with respect to each Undeliverable Obligation, Undeliverable Loan Obligation or Undeliverable Participation: (i) the Final Price calculated in accordance with the Alternative Cash Settlement Specifications specified in the Final Terms; or (ii) if the Calculation Agent determines that there has been an Applicable Auction and an Auction Final Price has been published, such Auction Final Price; or (iii) if no Alternative Cash Settlement Specifications are specified in the applicable Final Terms, the Standard Partial Cash Settlement Specifications) in respect of such Undeliverable Obligation, Undeliverable Loan Obligation or Undeliverable Participation; and

Partial Cash Settlement Amount means an amount calculated by the Calculation Agent in respect of an Undeliverable Obligation included in the Asset Amount:

Partial Cash Settlement Amount means, in respect of an Undeliverable Obligation, an amount in USD equal to the greater of (i) the product of (a) the Outstanding Principal Balance or Due and Payable Amount, as applicable, of such Undeliverable Obligation (and where the relevant amount is in a currency other than

Partial Cash Settlement Amount means, for each Undeliverable Obligation and a Note, the greater of (A) the product of the Outstanding Principal Balance, Due and Payable Amount or Currency Amount, as applicable, of each Undeliverable Obligation, multiplied by the Final Price of such Undeliverable Obligation, as determined by the Calculation Agent and (B) zero. (b) If the International Swaps and Derivatives Association, Inc. ("ISDA") has published auction settlement terms and publicly announced that an auction will be held with respect to an affected Reference Entity for the determination of the "Final Price" and the Calculation Agent decides in its reasonable discretion to succeed to such auction settlement for the Deliverable Obligation, then the "Auction Final Price" for such affected Reference Entity for purposes of these Notes shall be the final price resulting from the auction settlement process, and the results, if any, from carrying out the procedures specified in the other provisions of this § 4 shall be disregarded.

Partial Cash Settlement Amount means, for each Undeliverable Obligation, Undeliverable Loan Obligation or Undeliverable Participation, save as otherwise specified in the applicable Final Terms, an amount equal to the Recovery Amount in respect of such Undeliverable Obligation, Undeliverable Loan Obligation or Undeliverable Participation;