Physical Redemption Amount definition

Physical Redemption Amount means, in connection with any Notes subject to a single Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its sole discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise transferable securities, the nearest minimum transfer value of such Assets; and (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; and (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP.

Physical Redemption Amount means, in relation to any Delivery Instruction Certificate:

Physical Redemption Amount means, in respect of each Note outstanding on the relevant Early Redemption Date, in respect of which a Physical Redemption Amount is payable:

Examples of Physical Redemption Amount 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.

• 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.

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

• The termination of the appointment of the Disposal Agent may result in delay in realising the Collateral and in making payment on the Instruments which may result in losses to Instrumentholders.The Instrumentholders will be paid the Early Cash Redemption Amount or delivered the Physical Redemption Amount, as the case may be, after payment of any priority claims.

More Definitions of Physical Redemption Amount

Physical Redemption Amount means the relevant Instrumentholder's pro rata share (by reference to the outstanding principal amount of Instruments held by such Instrumentholder against the outstanding principal amount of all Instruments) of all Collateral held by or on behalf of the Issuer in respect of the Instruments on the relevant date; provided that any amount received by the Issuer from an Instrumentholder in respect of the Physical Redemption Priority Payment Amount in connection with the Conditions to Delivery shall be deemed not to form part of the Collateral.

Physical Redemption Amount means the aggregate of all Collateral held by or on behalf of the Issuer in respect of the Notes the relevant Early Redemption Date (for the avoidance, of doubt, following any application by the Issuer of an amount equal to the Physical Redemption Priority Payment Amount in satisfaction of all payment obligations of the Issuer ranking in priority to the Noteholders pursuant to Master Condition 15 (Application of Liquidation Proceeds)) or the Maturity Date, as the case may be.

Physical Redemption Amount means in respect of any Securities to be redeemed by Physical Settlement, means:

Physical Redemption Amount means, in connection with any Notes subject to asingle Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its sole discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise securities, the nearest whole number of Assets and where the Assets comprise other debt obligations, the nearest minimum transfer value of the Assets; (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP; and (iv) if there is any positive cash balance in the Issuer’s accounts established and maintained solely for the purposes of the Notes, a pro rata portion of such positive cash balance, subject to the priority of payment set out in Condition 3.1 and Additional Condition 6(e), as modified by the Drawdown Deed. Use of ProceedsThe net proceeds of the issue of the Notes will be used in or towards the acquisition of the related Assets and in making payments under other contracts entered into in connection with the issue of the Notes. General Information

Physical Redemption Amount means, in respect of each Note outstanding on the relevant Early Redemption Date (where the Physical Redemption Amount is the Early Redemption Amount) or the Maturity Date (where the Physical Redemption Amount is the Final Redemption Amount), as the case may be, in respect of which a Physical Redemption Amount is payable, (i) an amount of the Remaining Original Collateral equal to such Note’s pro rata share (amongst only those Notes in respect of which a Physical Redemption Amount is payable) of the Remaining Original Collateral; and (ii) an amount of cash equal to such Note’s pro rata share (amongst all Notes outstanding on the relevant Early Redemption Date) of (a) the Specified Currency Proceeds, less (b) the Cash Redemption Portion, plus (c) anyTermination Payment in respect of the Swap Agreement that is payable to the Issuer (together, if applicable, with any interest payable thereon) and any Termination Payment in respect of the Repo Agreement that is payable to the Issuer (together, if applicable, with any interest payable thereon) less(d) any Termination Payment in respect of the Swap Agreement that is payable by the Issuer to the Swap Counterparty (together, if applicable, with any interest payable thereon) and any Termination Payment in respect of the Repo Agreement that is payable by the Issuer to the Repo Counterparty (together, if applicable, with any interest payable thereon).

Physical Redemption Amount means, in connection with any Notes subject to a single Redemption Instruction Notice, the sum of:

Physical Redemption Amount means, in connection with any Notes subject to a single Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its absolute discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise securities, the nearest whole number of Assets and where the Assets comprise other debt obligations, the nearest minimum transfer value of the Assets; (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; and (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP.