Examples of Cash Settled Certificates in a sentence
If the Certificates are Cash Settled Certificates and Exercise of Certificates is specified as applying in the applicable Final Terms, the Certificates (such Certificates "Exercisable Certificates") will be automatically exercised on the Exercise Date, subject as provided in the following paragraph and, in the case of Credit Certificates, to the provisions of Annex 10 (Additional Terms and Conditions for Credit Certificates).
The applicable Final Terms will indicate whether settlement shall be by way of cash payment (“Cash Settled Certificates”) or physical delivery (“Physical Delivery Certificates”), whether Cash Settled Certificates are redeemable in instalments and whether Averaging (“Averaging”) will apply to the Certificates.
References in these Terms and Conditions, unless the context otherwise requires, to Physical Delivery Certificates shall be deemed to include references to Cash Settled Certificates which include an option (as set out in the applicable Final Terms) at the Issuer’s election to request physical delivery of the relevant underlying asset in settlement of such Certificate pursuant to Condition 7(C)(i) and where settlement is to be by way of physical delivery.
Those Certificates where the Holder has elected for cash payment will be Cash Settled Certificates and those Certificates where the Holder has elected for physical delivery will be Physical Delivery Certificates.
If the Certificates (Cash Settled Certificates) are Cash Settled Securities, each such Certificate entitles its holder to receive from the Issuer on the Settlement Date the Cash Settlement Amount, less any Expenses not already paid.
The Certificates (Cash Settled Certificates) are Cash Settled Securities, each such Certificate entitles its holder to receive from the Issuer on the Settlement Date the Cash Settlement Amount, less any Expenses not already paid.