Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) all costs, fees, charges, expenses (including loss of funding), tax and duties incurred by the Issuer and/or any of its Affiliates in connection with the redemption of the Credit- Linked Notes and the related termination, settlement or re- establishment of any hedge or related trading position.
Unwind Costs means an amount determined by the Calculation Agent equal to the Issuer’s expenses, losses or costs (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedges or related trading positions or funding arrangements entered into by it (including with its internal functions) and including, without limitation, interest rate swaps specifically in connection with the Notes.
Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) the Issuer’s expenses (including loss of funding), tax, duties, losses, costs, fees, charges (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer and/or any of its Affiliates as a result of its terminating, liquidating or modifying, any cross currency interest rate swap positions or funding arrangements specific to the Notes entered into by it (including with its internal functions).
Examples of Unwind Costs in a sentence
The amount may also be adjusted (save where 'Unwind Costs' is specified to be not applicable) to take into account any costs, charges, fees, accruals, losses, withholdings and expenses in connection with hedging unwind and funding breakage costs, Local Jurisdiction Taxes and Expenses and certain other taxes, prices or expenses paid (in each case, if any and as applicable as set out in the terms and conditions of the Securities).
Unwind Costs: Applicable.7. Form of Securities:Finnish Dematerialized Securities.8. Business Day Centre(s):The applicable Business Day Centre for the purposes of the definition of "Business Day" in Condition 1 is TARGET2.9. Settlement:Settlement will be by way of cash payment (Cash Settled Securities).10.
In making such selection, the Calculation Agent will not be liable to account to the Noteholders, or any other person for any profit or other benefit to it or any of its affiliates which may result directly or indirectly from such selection.Under the Notes, the Final Value is one of the factors in the determination of the redemption amount of the Notes at their Maturity Date in addition to Unwind Costs.
Unwind Costs: Applicable The provisions of Annex 3 (Additional Terms and Conditions for Share Securities) shall apply.
If Unwind Costs are specified as applicable in the relevant Final Terms, the amount(s) payable under the Securities may be reduced by an amount determined by the Calculation Agent and equal to the sum of the expenses and costs to the Issuer of unwinding any underlying and/or hedging and funding arrangements relating to the Securities.
More Definitions of Unwind Costs
Unwind Costs means the value in the Settlement Currency of the fees, costs, charges, expenses, taxes (including any stamp duty tax) and liabilities which the Disposal Agent and/or the Issuer incurs, is expected to incur or is otherwise required to deduct in connection with the redemption of the Notes pursuant to the Conditions (including, without limitation, any fees, costs, charges, expenses, taxes (including any stamp duty tax) and liabilities which the Disposal Agent and/or the Issuer incurs, is expected to incur or is otherwise required to deduct in connection with holding or transferring any Collateral for the purposes of effecting a physical settlement of the relevant Notes), as determined by the Calculation Agent in good faith and in a commercially reasonable manner.Annex 2Security and Collateral Description of the CollateralOn the Issue Date, the Issuer purchased the Initial Collateral.The “Initial Collateral” in respect of the Notes comprises EGP 2,392,000,000 in principal amount of the Egyptian Treasury Bill Series 357D due 7 January 2020 issued by Ministry of Finance of the Arab Republic of Egypt and having the ISIN number EGT998071K16.The Initial Collateral constitutes the “Collateral” as at the Issue Date and, at any time thereafter, the “Collateral” shall include any other securities, cash or other assets or property derived therefrom or delivered to the Issuer and held by the Custodian for the account of the Issuer at such time.Initial CollateralThe following summary of the Initial Collateral is qualified by reference to the detailed terms and conditions of the Initial Collateral. Title:EGP 2,392,000,000 in principal amount of Egyptian Treasury Bill Series 357D due 7 January 2020Collateral Issuer:Ministry of Finance of the Arab Republic of EgyptThe Collateral Issuer has securities admitted to trading on Euronext Dublin - Main Securities Market.Principal Address of Collateral Issuer:Ministry of Finance Towers, Nasr City.Extension of Ramsis Street, Abbassiya, Cairo, EgyptPrincipal Amount:EGP 2,392,000,000Denomination:EGP 25,000Issue Date:8 January 2019Collateral Final Maturity Date:7 January 2020Interest Rate:Not applicableInterest Payment Date:Not applicableListing:Not applicableGoverning law:Egyptian lawISIN:EGT998071K16ID Number:AW4712500Ratings:Not applicableRanking:The Initial Collateral and any related coupons constitute senior unsecured obligations of the Collateral Issuer.Security ArrangementsThe Issuer and the Trustee have entered into an Egyptian...
Unwind Costs means an amount determined by the Calculation Agent in its sole and absolute discretion applying such commercially reasonable procedures as it deems appropriate, in accordance with the following provisions. The Calculation Agent shall calculate the market value of the Charged Agreement upon the early termination of the Charged Agreement (taking into account any loss, cost or expense (including, but not limited to, the loss of bargain, cost of funding, or any loss, costs, or expenses in terminating, unwinding, liquidating, obtaining or re-establishing any hedge or related trading position) incurred as a result of terminating this Transaction early), plus any costs, fees, expenses and charges incurred by Buyer, Seller and the Trustee (without double- counting) in connection with the payment of the Bond Redemption Amount or with delivery of the Remaining Unrealised Charged Assets (as the case may be) including, without limitation any brokers’ commissions, documentation fees and expenses, any taxes and stamp duties, any funding costs and any legal or other ancillary costs incurred by Buyer or Seller as a consequence of such early termination. 7. Additional Provisions:
Unwind Costs means the value of the fees, costs, charges, expenses and liabilities incurred by the Swap Counterparty and the Issuer in connection with the redemption of the Notes in the circumstances described in paragraphs 38(b), (c), (e), (f) and (g) of the terms and conditions of the Notes above.Annex 2 Security and Collateral Description of the Collateral On the Issue Date the Issuer will procure that the net proceeds of the Notes of USD 10,000,000 is deposited into the Cash Account (the “Initial Collateral”). The Initial Collateral will constitute the “Collateral” as at the Issue Date. On the Collateral Substitution Date, the Issuer will for a price of USD 10,009,891.67, being equal to the sum of the Initial Collateral and the initial exchange amount payable by the Swap Counterparty to the Issuer under the Interest Rate Swap, purchase USD 10,000,000 in principal amount of the JPMorgan Chase & Co. USD 2,500,000,000 2.55% Notes maturing on 1 March 2021 and having the ISIN US46625HQJ22 (the “Securities”) and, at any time thereafter, the “Collateral” shall be such Securities as are held by the Custodian for the account of the Issuer at such time, subject to substitution or replacement in accordance with Condition 4.9 (Substitution of Mortgaged Property) and Condition 4.10 (Replacement of Collateral).The following summary of the Securities is qualified by reference to the detailed terms and conditions of the Securities, as published by JPMorgan Chase & Co. (the “Collateral Terms”). The Collateral Terms do not form part of this Series Prospectus.This information has been accurately reproduced from the published Collateral Terms and, in the case of the ratings of the Securities, the websites of Moody’s, S&P and Fitch and, so far as the Issuer is aware and is able to ascertain from information published by the aforementioned third parties, no facts have been omitted which would render the reproduced information inaccurate or misleading. Title:JPMorgan Chase & Co. USD 2,500,000,000 2.55% Notes due 2021Collateral Issuer:JPMorgan Chase & Co.Place of Incorporation of Collateral Issuer:United StatesRegistered Office of Collateral Issuer:270 Park AvenueNew York, New York 10017 Untied StatesPrincipal Amount:USD 10,000,000Denomination:USD 2,000 and integral multiples of 1,000Issue Date:1 March 2016Final Maturity Date:1 March 2021Interest Rate:2.55 per cent. per annumInterest Payment Dates:1 March and 1 September in each year from, and including 1 September 2016 to 1 March 2021.Da...
Unwind Costs means an amount in EUR which is the aggregate of:
Unwind Costs means the value of the fees, costs, charges, expenses and liabilities incurred by the Swap Counterparty and the Issuer in connection with the redemption of the Notes in the circumstances described in paragraph 28 of these Pricing Terms.PART B – OTHER INFORMATION
Unwind Costs means the value of the fees, costs, charges, expenses and liabilities incurred by the Swap Counterparty and the Issuer in connection with the redemption of the Notes in the circumstances described in paragraphs 33(b), (c) to (g) and (i) to (j) (as applicable) of the terms and conditions of the Notes above.
Unwind Costs means, in relation to this Tranche of Notes, an amount equal to the total amount of any and all costs, losses or expenses (expressed as negative number) of whatsoever nature associated or incurred by the Issuer or any Affiliate in connection with the early redemption or continued hedging of this Tranche of Notes (including, without limitation, any costs, losses or expenses associated with unwinding any funding or other financing relating to this Tranche of Notes or associated with unwinding, modifying or reinstating any hedge positions relating to this Tranche of Notes and all taxes, regulatory costs and/or penalties), all as determined and calculated by the Calculation/Issuer Agent acting in good faith and in a commercially reasonable manner.Not Applicable