Reference Exchange Property definition

Reference Exchange Property means, in respect of the exercise of Exchange Rights by a Bondholder, the aggregate of the Exchange Property per Bond as at the relevant Exchange Date in respect of all Bonds the subject of such exercise.

Reference Exchange Property means, in respect of the exercise of Exchange Rights by a Bondholder, the aggregate of the Exchange Property per Bond as at the relevant Exchange Date in respect of all Bonds which are the subject of such exercise.

Reference Exchange Property has the meaning provided in Condition 7(e);

Examples of Reference Exchange Property in a sentence

• Any Premium Compensation Amount payable on exercise of Exchange Rights shall be paid by not later than the relevant Settlement Date (such date being determined, where a Cash Election is made in respect of the whole of the Reference Exchange Property in respect of such exercise, as if no such Cash Election had been made) by transfer to a euro account with a bank in a city where banks have access to the TARGET System as specified by the relevant Bondholder in the relevant Exchange Notice.

• The relevant Cash Election Notice shall specify the Reference Exchange Property, the Cash Settled Exchange Property, the period which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Calculation Period and the date which (as at the date of the Cash Election Notice) is expected to be the Cash Alternative Payment Date.