Unwind Value definition

Unwind Value means an amount in USD, subject to a minimum of zero and a maximum of the outstanding principal amount of the Notes, equal to the Collateral Value plus the Close-out Amount of the Swap Agreement, each as determined by the Calculation Agent in its sole and absolute discretion under the Swap Agreement on or before the fifth Relevant Business Day falling after the Early Redemption Event Determination Date, provided that if the Company or the Counterparty has a Credit Support Balance (as defined in the CSA and as determined by the Calculation Agent in its sole and absolute discretion), unless the Calculation Agent determines in its sole and absolute discretion that all of the Posted Securities or Credit Support Assets (as the case may be) constituting such Credit Support Balance will not be returned on or before such fifth Relevant Business Day, the Calculation Agent shall choose a Relevant Business Day falling after the return of all Posted Securities or Credit Support Assets (as the case may be) constituting such Credit Support Balance pursuant to the CSA. For the avoidance of doubt, for the purpose of the calculations of the Unwind Value, the Close-out Amount shall be positive if it is an amount payable by the Counterparty to the Company, and shall be negative if it is an amount payable by the Company to the Counterparty;
Sample 1
Unwind Value means the result of the following formula: Aggregate Nominal Amount minus Redemption Costs. Where the Calculation Agent is to make a determination or calculation, the Calculation Agent will do so while acting in good faith and in a commercially reasonable manner. The Calculation Agent will in respect of any determination or calculation made by it, upon receipt of a request to such effect from the Noteholder, provide theNoteholder with information regarding the basis for such determination or calculation, unless any information so requested by the Noteholder constitutes proprietary information of the Calculation Agent and/or the Issuer or information which the Calculation Agent and/or the Issuer is under obligation to keep confidential. The Calculation Agent shall provide to the Noteholder the following information, unless any such information constitutes proprietary information of the Calculation Agent and/or the Issuer or information which the Calculation Agent and/or the Issuer is under obligation to keep confidential: (i) the price of the Underlying Bonds, or any amount of interest payable in respect thereof, used in the calculation of any amount in respect of the Notes; (ii) how the Hypothetical Floating Rate is determined;
Sample 1Sample 2
Unwind Value means (i) the realised monies following a Liquidation of an amount of the Original Collateral equal to the Affected Reference Entity Amount in accordance with paragraph 1(a)(iii) and 1(a)(iv) above; minus(ii) the Affected Swap Loss.SCHEDULE 2 TO THE ISSUE TERMS - CREDIT SUPPORT ANNEXUnder the terms of the Credit Support Annex, a daily valuation (on each Reference Business Day only) will be performed by the Swap Counterparty (in its capacity as Valuation Agent) as to the Exposure (as defined in the Credit Support Annex) under the Swap Agreement, whereupon (subject to certain thresholds being met, as set out below) a party may be required to transfer Eligible Credit Support (as defined in the Credit Support Annex) to the other party as credit support in order to collateralise any such Exposure. Such Eligible Credit Support may, at the option of the Swap Counterparty where it is required to transfer the same to the Issuer, comprise transferable debt instruments issued by the Original Collateral Obligor, the United States of America, the Republic of France, the Federal Republic of Germany, the Kingdom of Spain, the Portuguese Republic, the Republic of Italy, the Kingdom of Belgium and/or Japan.The Valuation Percentage (as defined in the Credit Support Annex) for Eligible Credit Support transferred as credit support is 95 per cent.The amount of credit support required to be transferred by the Transferor (as defined in the Credit Support Annex) under the Credit Support Annex in respect of a Valuation Date (as defined in the Credit Support Annex) will depend on the Transferee’s Exposure to the Transferor under the Swap Agreement and the value of any existing Credit Support Balance (as defined in the Credit Support Annex) held by the Transferee, as determined by the Swap Counterparty (in its capacity as Valuation Agent) in accordance with the terms of the Credit Support Annex, subject to a minimum transfer amount of EUR 50,000.The Swap Counterparty shall not be required to transfer Collateral to the Issuer if the Swap Counterparty determines that normal market conditions are not prevalent at such time.All valuations will be by reference to the Base Currency under the Credit Support Annex, being EUR.To the extent that the value of any existing Credit Support Balance held by a party exceeds that party’s Exposure to the other party, then such party may be obliged to return any excess credit support to the other party in accordance with the terms of the Credit Support...
Sample 1

Examples of Unwind Value in a sentence

  • Strengths identified in the SAR and during PRG meetings included the Graduate Training Element’s, the Research in Progress Sessions (RIPs) and supervision quality.

  • It may therefore occur that at the time that the Optional Early Redemption Trigger is exercised market conditions have changed, or market conditions change shortly thereafter, such that the Unwind Value would no longer have been below the Trigger Level.

  • In addition, due to the volatility of the Underlying Components, the Unwind Value may fluctuate between the time at which the Trigger Level is first breached and the date on which the Notes are to be redeemed in terms of Condition 7.3 (Early Redemption at the option of the Issuer (Call Option)), if applicable, which may result in an Early Redemption Amount lower than 50% of the Nominal Amount of the Notes.

  • The determination of whether or not the Trigger Level has been breached is based on the Calculation Agent's estimates of the Unwind Value, and accordingly the Early Redemption Amount payable to Noteholders following delivery of the Optional Redemption Notice or any Cash Settlement Amount payable following the occurrence of a Credit Event Determination Date may differ from such estimates.

  • The amount of the Initial Collateral to be liquidated by the Disposal Agent pursuant to sub-paragraph (a)(i) above shall be the minimum amount (rounded up to the nearest integral multiple of the minimum denomination of the relevant Initial Collateral held by or on behalf of the Issuer at such time) such that the resulting Liquidated Collateral Unwind Value is greater than or equal to the Settlement Amount.

  • The Optional Early Redemption Trigger references the Unwind Value, which may, in certain market conditions, be volatile.

  • For the purposes of determining any Unwind Value, Cash Settlement Amount or Early Redemption Amount, any amount denominated in the Reference Currency will be converted into the Payment Currency at the then prevailing exchange rate between such currencies, as determined by the Calculation Agent.

  • Where all of the DPAs referable to a particular class mature early and the Responsible Entity receives the DPA Unwind Value in respect of all of the DPAs referable to the class, the Responsible Entity will seek to redeem all units in the class early.


More Definitions of Unwind Value

Unwind Value means in respect of the Reference Item (a) the Unwind Price divided by (ii) the RI Initial Value (expressed as a percentage)
Sample 1
Unwind Value means on any day, in respect of the Notes, an amount calculated by the Calculation Agent in its sole discretion equal to the sum of the Payment Currency Equivalent of the value of each of the Underlying Components of the Notes on such day, determined by the Calculation Agent in its sole discretion, acting in good faith and a commercially reasonable manner, which may be either positive or negative minus any Trigger Unwind Costs (as defined above).
Sample 1
Unwind Value means the Collateral Value plus or minus, as the case may be, the Close-out Amount of the Swap Agreement, as determined by the Calculation Agent under the Swap Agreement. If the Close- out Amount would otherwise have been owed by the Counterparty, then the Unwind Value shall be the Collateral Value plus the Close-out Amount, and if the Close-out Amount would otherwise have been owed to the Counterparty, then the Unwind Value shall be the Collateral Value minus the Close-out Amount.27. The following additional changes shall apply to the Notes:Condition 15 shall have the following added to the second paragraph (for the purposes of the Notes only):
Sample 1

Related to Unwind Value

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Pro Rata Repurchases means any purchase of shares of Common Stock by the Company or any Affiliate thereof pursuant to (A) any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder or (B) any other offer available to substantially all holders of Common Stock, in the case of both (A) or (B), whether for cash, shares of Capital Stock of the Company, other securities of the Company, evidences of indebtedness of the Company or any other Person or any other property (including, without limitation, shares of Capital Stock, other securities or evidences of indebtedness of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “Effective Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the Company under any tender or exchange offer which is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender or exchange offer.

  • Pro Rata Repurchase means any purchase of shares of Common Stock by the Corporation or any subsidiary thereof, whether for cash, shares of capital stock of the Corporation, other securities of the Corporation, evidences of indebtedness of the Corporation or any other person or any other property (including shares of a subsidiary of the Corporation), or any combination thereof, effected while any of the shares of ESOP Preferred Stock are outstanding, pursuant to any tender offer or exchange offer subject to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor provision of law, or pursuant to any other offer available to substantially all holders of Common Stock; provided, however, that no purchase of shares by the Corporation or any subsidiary thereof made in open market transactions shall be deemed a Pro Rata Repurchase. For purposes of this paragraph I(7), shares shall be deemed to have been purchased by the Corporation or any subsidiary thereof “in open market transactions” if they have been purchased substantially in accordance with the requirements of Rule 10b-18 as in effect under the Exchange Act, on the date shares of ESOP Preferred Stock are initially issued by the Corporation or on such other terms and conditions as the Board of Directors of the Corporation or a committee thereof shall have determined are reasonably designed to prevent such purchases from having a material effect on the trading market for the Common Stock.

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Fund Value means the separate account assets associated with the Variable Annuity Business.

  • 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.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Attributable Value means, as to a Capitalized Lease Obligation under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the capitalized amount thereof that would appear on the face of a balance sheet of such Person in accordance with GAAP.

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Unwind Period For any Cash Settlement or Net Share Settlement with respect to any Settlement of any Transaction, the period starting on the First Unwind Date for such Settlement and ending on the Valuation Date for such Settlement.

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Company Value means the actual value of the Company as a going concern based on the difference between (a) the actual value of all of its assets as determined in good faith by the Board, including a majority of the Independent Directors, and (b) all of its liabilities as set forth on its balance sheet for the period ended immediately prior to the determination date, provided that (i) if the Company Value is being determined in connection with a Change of Control that establishes the Company’s net worth, then the Company Value shall be the net worth established thereby and (ii) if the Company Value is being determined in connection with a Listing, then the Company Value shall be equal to the number of outstanding Common Shares multiplied by the Closing Price of a single Common Share averaged over a period of 30 trading days during which the Shares are listed or quoted for trading after the date of Listing. For purposes hereof, a “trading day” shall be any day on which the NYSE is open for trading, whether or not the Common Shares are then listed on the NYSE and whether or not there is an actual trade of Common Shares on any such day. If the holder of Convertible Shares disagrees as to the Company Value as determined by the Board, then each of the holder of Convertible Shares and the Company shall name one appraiser and the two named appraisers shall promptly agree in good faith to the appointment of one other appraiser whose determination of the Company Value shall be final and binding on the parties as to the Company Value. The cost of such appraisal shall be split evenly between the Company and the Advisor.

  • Transaction Exposure means, for any Transaction, Exposure determined as if such Transaction were the only Transaction between the Secured Party and the Pledgor.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Ending Value means the average of the values of the Basket at the close of the market on five business days shortly before the maturity date of the Notes. We may calculate the Ending Value by reference to fewer than five or even a single day's closing value if, during the period shortly before the maturity date of the Notes, there is a disruption in the trading of a sufficient number of stocks included in any Basket Index or certain futures or options contracts relating to a Basket Index.

  • Net Xxxx-to-Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).