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

  • Optional Redemption Amount(s) (Call) and method, if any, of calculation of such amount(s) Unwind Value, determined by the Calculation Agent on the day which is as close as reasonably practicable to the date on which the Issuer delivers the Optional Redemption Notice, for settlement on the Optional Redemption Date (Call).

  • 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.

  • Reference Dealers: Such leading dealers, banks or banking corporations, which dealwith obligations of the type of the Reference Assets as are selected by the Calculation Agent in order to determine the Recovery Value and/or the Reference Swap Unwind Value.

  • Applicable, at the Unwind Value, determined by the Calculation Agent on the day which is as close as reasonably practicable to the relevant date on which the Notes are to be redeemed.

  • In making any determination of the Unwind Value, the Calculation Agent may take into consideration any firm bids provided by the Noteholders for the Underlying Bonds (as defined in paragraph 84.3.4 below).

  • 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, if applicable, which may result in an Early Redemption Amount lower than 30% of the Nominal Amount of the Notes.

  • Following such notification, the Manager shall have 30 minutes to instruct the Counterparty (by Bloomberg message or fax and, in either case, followed by a telephone call informing the Counterparty that such instructions have been sent) to unwind all CDS Transactions which have incurred a negative mark-to-market impact on the Unwind Value of the Reference Portfolio.

  • 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 Optional 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.

  • If the Unwind Value of the Reference Portfolio has decreased from that stated in the Daily Report for the preceding Business Day (the occurrence of such an event being an “Adverse Market Disruption Event”), the Calculation Agent shall notify the Manager (by Bloomberg message or fax (copied to the Issuer and the Counterparty) and, in either case, followed by a telephone call informing the Manager that such notice has been sent) of the occurrence of such an Adverse Market Disruption Event.

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


More Definitions of Unwind Value

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 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

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, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity 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.

  • 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 Capital Lease Obligation, the principal amount thereof.

  • 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;

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Unwind Period For any Cash Settlement or Net Share Settlement, 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.

  • 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).

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).