Physical Redemption definition

Physical Redemption means, in relation to a buy back or redemption of any Securities, settlement of the Issuer’s buy back or redemption obligation by delivery of an amount of the relevant Metal to the relevant Authorised Participant in accordance with Condition 8(b) (in respect of a buy back of Securities) or Condition 9(a) (in respect of an Early Redemption of Securities);
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Physical Redemption means in relation to the Redemption of any WT Securities, settlement of the Redemption Obligations in respect thereof by delivery of the relevant Underlying Assets in accordance with the Applicable Product Annex.
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Physical Redemption means in relation to the Redemption of any Bonds, settlement of the Secured Redemption Obligations in respect thereof by delivery of the relevant Cryptocurrency in accordance with Conditions 5 and/or 6;
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Examples of Physical Redemption in a sentence

  • If an Event of Default occurs and the Trustee has not declared the Notes due and payable in accordance with Base Condition 7.1 by the date falling three Business Days following the occurrence of such Event of Default, the Issuer shall, upon valid exercise of a Contingent Noteholder Put Option by a 100% Noteholder, redeem all the Notes at their Physical Redemption Amount on the Contingent Noteholder Put Redemption Date in accordance with the relevant Exercise Notice.

  • In the case where the Noteholder elects to receive the Physical Redemption Amount in respect of such Noteholder Option, the delivery of the duly completed Exercise Notice by the Noteholder in accordance with the Conditions shall be deemed to satisfy the requirement to deliver a Delivery Instruction Certificate pursuant to Base Condition 8.9(b), provided that such Exercise Notice contains all information necessary for the Issuer or its agent to effect physical delivery of the relevant assets.

  • The records of the Principal Agent will be conclusive evidence of any Noteholder’s entitlement to a Physical Redemption Amount.

  • The records of the Issuing and Paying Agent will be conclusive evidence of any Sole Instrumentholder’s entitlement to a Physical Redemption Amount.

  • The Sole Instrumentholder will not be entitled to any Physical Redemption Amount unless it has satisfied the Conditions to Delivery in respect of the delivery of such Physical Redemption Amount on or prior to the Settlement Option Cut-off Date.

  • Subject to the remainder of this Master Condition 9(g) the Issuer shall procure the delivery, on the date on which the Early Redemption Amount is due, of the Physical Redemption Amount to the Sole Instrumentholder in respect of all Instruments outstanding on the relevant Early Redemption Date, in accordance with the instructions contained in the related Exercise Notice.

  • References in the Terms and Conditions to satisfaction of obligations by payment of a Physical Redemption Amount shall be deemed to include satisfaction of those obligations by delivery of such Physical Redemption Amount.

  • A Noteholder will not be entitled to any Physical Redemption Amount unless it has; (x) presented or surrendered (as is appropriate) the relevant Note; and (y) delivered a Delivery Instruction Certificate at the Principal Agent’s specified office.

  • Early redemption of the Notes following an Arranger Insolvency Event: Upon the occurrence of an Arranger Insolvency Event, the Issuer will give a Notice of Redemption and will redeem all of the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date, provided that a 100% Noteholder may deliver a Delivery Instruction Certificate in which event the Issuer will redeem all of the Notes at their Physical Redemption Amount.

  • If an Event of Default occurs and the Trustee has not declared the Notes due and payable in accordance with Base Condition 7.1, a 100% Noteholder (being the Noteholder(s) holding 100% of the outstanding Notes) may exercise a put option for the redemption of all the Notes, and the Issuer must, upon valid exercise of such put option in respect of all the Notes by the 100% Noteholder, redeem all the Notes at their Physical Redemption Amount.


More Definitions of Physical Redemption

Physical Redemption means any redemption of Securities in the form of the physical underlyings, which are Underlying Digital Assets.
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Related to Physical Redemption

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Make-Whole Redemption Amount means the sum of: