Common use of Correction of Index Clause in Contracts

Correction of Index. With the exception of any corrections published after the day which is three Exchange Business Days prior to the due date for any payment of a Cash Settlement Amount, if the Index published on a given day and used or to be used by the Calculation Agent to make any determination under the Warrants is subsequently corrected and the correction is published by the relevant Index Sponsor or (if applicable) the relevant Successor Index Sponsor, (i) in respect of a Composite Index, no later than five Exchange Business Days following the date of the original publication, or (ii) in respect of an Index which is not a Composite Index, within the number of days equal to the Index Correction Period of the original publication, the level to be used shall be the level of the Index as so corrected. Corrections published after the day which is three Exchange Business Days prior to the relevant Settlement Date will be disregarded by the Calculation Agent for the purposes of determining any Cash Settlement Amount.

Appears in 3 contracts

Samples: www.borsaitaliana.it, www.borsaitaliana.it, www.borsaitaliana.it

Correction of Index. With the exception of any corrections published after the day which is three Exchange Business Days prior to the due date for any payment of a Cash Settlement Amountunder the Certificates, if the Index published on a given day and used or to be used by the Calculation Agent to make any determination under the Warrants Certificates is subsequently corrected and the correction is published by the relevant Index Sponsor or (if applicable) the relevant Successor Index Sponsor, (i) in respect of a Composite Index, no later than five Exchange Business Days following the date of the original publication, or (ii) in respect of an Index which is not a Composite Index, within the number of days equal to the Index Correction Period of the original publication, the level to be used shall be the level of the Index as so corrected. Corrections published after the day which is three Exchange Business Days prior to a due date for payment under the relevant Settlement Date Certificates will be disregarded by the Calculation Agent for the purposes of determining any Cash Settlement Amountthe relevant amount to be paid.

Appears in 3 contracts

Samples: www.borsaitaliana.it, www.borsaitaliana.it, www.borsaitaliana.it

Correction of Index. With the exception of any corrections published after the day which is three Exchange Business Days prior to the due date for any payment of a Cash Settlement Amountunder the Securities, if the Index published on a given day and used or to be used by the Calculation Agent to make any determination under the Warrants Securities is subsequently corrected and the correction is published by the relevant Index Sponsor or (if applicable) the relevant Successor Index Sponsor, (ia) in respect of a Composite Index, no later than five Exchange Business Days following the date of the original publication, or (iib) in respect of an Index which is not a Composite Index, within the number of days equal to the Index Correction Period of the original publication, the level to be used shall be the level of the Index as so corrected. Corrections published after the day which is three Exchange Business Days prior to a due date for payment under the relevant Settlement Date Securities will be disregarded by the Calculation Agent for the purposes of determining any Cash Settlement Amountthe relevant amount to be paid.

Appears in 2 contracts

Samples: www.borsaitaliana.it, www.borsaitaliana.it