Early Redemption Rate definition

Early Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)). If the Reference Benchmark Security is no longer outstanding, a Similar Security will be chosen by the Calculation Agent after prior consultation with the Issuer, at 11.00 a.m. (Central European time (CET)) on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Calculation Agent to the Issuer.
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Early Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (“CET”)).
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Early Redemption Rate means the annual yield to maturity (rounded to the nearest 0.001 per cent., with 0.0005 per cent. rounded upwards) of the Reference Benchmark Security based on the Benchmark Reference Price on the Determination Date in relation to the relevant Optional Make-Whole Redemption Date, such yield being calculated by the Calculation Agent in accordance with applicable market conventions.
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Examples of Early Redemption Rate in a sentence

  • Automatic Early Redemption Level: 100 % of the Strike Price as per the observation on each Automatic Early Redemption Valuation Date Automatic Early Redemption Rate: 100 % if the Share closes at or above the Strike Price on each Automatic Early Redemption Valuation Date.

  • Automatic Early Redemption Rate: 100 % if all Shares close at or above 100 % of the Share Initial on each Automatic Early Redemption Valuation Date.

  • Early Redemption Rate means the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

  • Early Redemption Rate means the average of the four (4) quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) business day in Paris preceding the Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

  • For the purpose of this § 6 (3) and § 10 (Events of Default) the Early Redemption Rate or, as the case may be, the Termination Rate of a Note is equal to the Final Redemption Rate pursuant to this § 6 (2).(5) Rounding of Redemption Amounts: Redemption Amounts are rounded to two decimals.

  • For Underlying Linked Notes, the Early Redemption Amount (where applicable) shall be calculated by reference to the Automatic Early Redemption Payout or Automatic Early Redemption Rate.

  • Early Redemption Rate means the rate per annum equal to the average of the four (4) quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Benchmark Security on the fourth (4th) Business Day in Paris preceding the relevant Optional Make-Whole Redemption Date at 11.00 a.m. (Central European time (CET)).

  • The Early Redemption Rate and the Optional Redemption Amount will be notified by the Issuer to the Noteholders in accordance with Condition 12 (Notices).

  • Automatic Early Redemption Level: 100 % of the Strike Price as per the observation on each Automatic Early Redemption Valuation Date Automatic Early Redemption Rate: 100 % if each Share closes at or above the Strike Price on each Automatic Early Redemption Valuation Date.

  • If the Final Price closes at or above the Strike Price Barrier on the Final Valuation Date, an Automatic Early Redemption Event shall deem to occur prior to the Maturity Date at the Automatic Early Redemption Rate of 100% and thus no Final Redemption Amount shall be applicable on Maturity Date.


More Definitions of Early Redemption Rate

Early Redemption Rate means (i) the ask yield to maturity of the Reference Benchmark Security on the fourth Business Day in Paris preceding the relevant Optional Make Whole Redemption Date at 11.00 a.m. (Central European Time) appearing on Bloomberg page: Bloomberg PX1, as determined by the Calculation Agent or (ii) if such Bloomberg page is not available on such day or if the ask yield to maturity of the Reference Benchmark Security cannot be determined by the Calculation Agent, the average of the four (4) quotations given by the Reference Dealers of the mid-market yield to maturity of the Reference Benchmark Security on the fourth Business Day in Paris preceding the relevant Optional Make Whole Redemption Date at 11.00 a.m. (Central European Time). If the Reference Benchmark Security is no longer outstanding, a Similar Security will be chosen by the Issuer, at 11.00 a.m. (Central European Time) on the fourth Business Day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Issuer.
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Early Redemption Rate means, with respect to the relevant Optional Make-Whole Redemption Date, the rate per year equal to the annual equivalent yield to maturity of the relevant Reference Security, as determined by the Calculation Agent on the fourth (4th) Business Day preceding the relevant Optional Make-Whole Redemption Date. If the relevant Reference Security is no longer outstanding, a Similar Security will be chosen by the Calculation Agent after prior consultation with the Guarantor if practicable, no later than11.00 a.m. (Central European time (CET)) on the third (3rd) business day in Berlin preceding the relevant Optional Make-Whole Redemption Date. The identity of the Similar Security will be notified as soon as practicable after selection by the Issuer to the Noteholders of the relevant Series in accordance with Condition 13 (Notices).
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Early Redemption Rate means the average of the six quotations given by the Reference Dealers (as defined below) of the mid-market annual yield to maturity of the Reference Benchmark Security (as defined below) on the fourth business day in Paris preceding the relevant Optional Make Whole Redemption Date at 11.00 a.m. (Central European time (CET)).If the Reference Benchmark Security (as defined below) is no longer outstanding, a Similar Security (as defined below) will be chosen by the Calculation Agent after prior consultation with the Issuer ifpracticable under the circumstances, at 11.00 a.m. (Central European time (CET)) on the fourth business day in Paris preceding the Optional Make Whole Redemption Date, quoted in writing by the Calculation Agent to the Issuer.
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Early Redemption Rate means the annual yield to maturity (rounded to the nearest whole multiple of 0.001%, 0.0005% being rounded upwards) of the Reference Benchmark Security (or, if the Reference Benchmark Security is no longer outstanding at such time, the Similar Security) based on the Reference Price on the Determination Date, such yield being calculated by the Make-Whole Calculation Agent in accordance with applicable market conventions.
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Related to Early Redemption Rate

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • Automatic Early Redemption Event means that:

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).