Examples of Reset Agent in a sentence
All calculations and determinations made by the Calculation Agent, the Principal Paying Agent or the Reset Agent in relation to the Securities shall (save in the case of wilful default, fraud or manifest error) be final and binding on the Issuer, the Trustee, the Paying Agents, the Securityholders and the Couponholders.
STMA authorities could begin with the consensus formation process facing the future fiscal years to achieve an agreement around some of the following actions: a.
If there has not been a Reset meeting the Reset Limitations by the Reset Effective Date, the Reset Agent will perform such Reset pursuant to the Calculation Agent Agreement applying the Factors as in effect prior to the relevant Reset Determination Date.
If any Reference Bank, the Calculation Agent or the Reset Agent (in each case, acting through its relevant office) is unable or unwilling to continue to act as a Reference Bank or the Calculation Agent or the Reset Agent, as the case may be, or if the Reset Agent fails to establish the relevant Reset Fixed Rate for any Reset Period, the Issuer shall appoint another leading financial institution in London to act as such in its place.
If the Risk Transferor makes no such election, the Updated Attachment Level for each type of Covered Event shall be set to the Preliminary Updated Attachment Level for each type of Covered Event and the Reset Agent will not perform an Interest Spread Calculation.