Examples of Short Reference Entity in a sentence
In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligation”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.
For the avoidance of doubt, the Buyer shall send each notice to the Seller in connection with the occurrence of any Credit Event in relation to a Long Reference Entity and the Seller (or the Trustee or Calculation Agent on behalf of the Seller) shall send each notice to the Buyer in connection with the occurrence of any Credit Event in relation to a Short Reference Entity.
In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligations”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.
Following the occurrence of a credit event in respect of a Short Reference Entity in the Short Reference Swap Portfolio, the Calculation Agent shall determine the applicable Credit Protection Amount in the manner set out in the Short Swap Confirmation, in its discretion.
The Cash Settlement Amount in respect of any Short Reference Entity in respect of which a Credit Event has occurred shall be an amount equal to the greater of (a) zero and (b) the product of (i) the Floating Rate Payer Calculation Amount (or, if less, the Exercise Amount) with respect to that Reference Entity and (ii) the Reference Price minus the Final Price.
If the Swap Calculation Agent is unable to obtain one Full Quotation or a Weighted Average Quotation on any Business Day within 10 Business Days of the Valuation Date, then the Quotations for the Valuation Date, subject to paragraph (e) below, will be zero for a Long Reference Entity and 100 percent for a Short Reference Entity.
Short Reference Entity: A Reference Entity in respect of which the Seller ispurchasing protection.
By dating multiple grains along the entire well section, we are able to perform statistical analysis of the single grain age data to derive time temperature paths that enable us to reconcile previous seemingly contradicting studies.
For the avoidance of doubt, a Loss Amount determinedwith respect to a Short Reference Entity shall decrease the Aggregate Loss Amount.
In undertaking this role, the Portfolio Manager will make such investigation into any Long Reference Entity (and Short Reference Entity) contained in the Reference Portfolio as it considers appropriate in its absolute discretion.