Unwind Value definition

Unwind Value means an amount in CNY 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 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, if (a) the Close-out Amount is an amount owed by the Counterparty, the Unwind Value shall be an amount equal to the Collateral Value plus the absolute value of such Close-out Amount, and if (b) the Close-out Amount is an amount owed to the Counterparty, the Unwind Value shall be the Collateral Value minus the absolute value of such Close-out Amount;
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
Unwind Value means the result of the following formula: Aggregate Nominal Amount minus Redemption Costs.
Sample 1
Unwind Value means on any day, in respect of each Note, an amount calculated by the Calculation Agent in its sole discretion equal to the sum of the value of the Settlement Currency Equivalents of each of the Underlying Components (as defined below) of the Notes on such day, determined by the Calculation Agent in its sole discretion, acting in a commercially reasonable manner, which may be either positive or negative minus any Trigger Unwind Costs (as defined above) multiplied by a fraction equal to the Specified Denomination of such Note divided by the Calculation Amount
Sample 1

Related to Unwind Value

  • 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).

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