Examples of Replacement Charged Assets in a sentence
An amount equal to such deemed EUR nominal amount shall be paid by the Issuer to the Counterparty from the Cash Deposit Account on the date of such substitution, and, on the same date, the Counterparty will transfer the Replacement Charged Assets to the Issuer.
In the event that Party A has delivered a Substitution Notice pursuant to Condition 4(b)(i) (Substitution at direction of Counterparty) giving notice to Party B of its intention to substitute cash comprising the Charged Assets with certain Eligible Investments (such Eligible Investments as specified in the Substitution Notice, the "Replacement Charged Assets"), Party A shall, on the date specified for such substitution in the Substitution Notice, transfer the Replacement Charged Assets to Party B.
The Charged Assets Replacement shall be subject to (a) compliance with all relevant laws, regulations and directives; (b) the terms and conditions of the Replacement Charged Assets; (c) Party A paying any costs and expenses (including, without limitation, any securities transaction tax or other tax or any stamp duty) payable by or on behalf of Party B in connection with such Charged Assets Replacement; and (d) delivery of the Replacement Charged Assets to Party B.
The transfer of the Replaced Charged Assets by Party B (or the Custodian on behalf of Party B) and the delivery of the Replacement Charged Assets by Party A shall be made with full title guarantee, free and clear of all charges, liens and encumbrances (other than any Permitted Limitation on Title) and with the benefit of all rights and entitlements thereto and therein subsisting as at the date of the Charged Assets Replacement.
The transfer of the Replaced Charged Assets by the Issuer (or the Custodian on behalf of the Issuer) and the delivery of the Replacement Charged Assets by the Swap Counterparty shall be made with full title guarantee, free and clear of all charges, liens and encumbrances (other than any Permitted Limitation on Title) and with the benefit of all rights and entitlements thereto and therein subsisting as at the date of the Charged Assets Replacement.
It is a requirement of any Substitution that, upon any release of the Substituted Charged Assets from the security created by or pursuant to the Constituting Instrument, any Replacement Charged Assets being substituted for the Substituted Charged Assets shall be delivered, transferred or assigned to the relevant Custodian (on behalf of the Issuer) with full title guarantee and subject to the charge or other security interest created by or pursuant to the Constituting Instrument.
The Replacement Charged Assets shall form part of the Charged Assets.
The Charged Assets Replacement shall be subject to (a) compliance with all relevant laws, regulations and directives; (b) the terms and conditions of the Replacement Charged Assets; (c) the Swap Counterparty paying any costs and expenses (including, without limitation, any securities transaction tax or other tax or any stamp duty) payable by or on behalf of the Issuer in connection with such Charged Assets Replacement; and (d) delivery of the Replacement Charged Assets to the Issuer.
For the purposes of the foregoing, UBS shall be entitled to select the Substituted Charged Assets and the Replacement Charged Assets to be the subject of the Substitution in its sole and absolute discretion.
In circumstances where the Replacement Charged Assets comprise all of the Charged Assets (excluding for this purpose any cash held by the Issuer), in the event of a default by any obligor in respect of the Replacement Charged Assets which causes the Replacement Charged Assets to be redeemed in whole or in part, the provisions of Condition 4(d)(iii) (Initial Charged Assets Default) shall apply as if such Replacement Charged Assets were the Initial Charged Assets.