ACSM Calculation Agent definition

ACSM Calculation Agent means UBS Limited as ACSM calculation agent or its successor or successors for the time being appointed under the ACSM Calculation Agency Agreement;

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ACSM Calculation Agent means the independent investment bank or financial institution, appointed on the terms of an ACSM Calculation Agency Agreement, selected by the Issuer and

ACSM Calculation Agent means any person named as such in the Conditions or any Successor ACSM Calculation Agent

Examples of ACSM Calculation Agent in a sentence

• The Issuing, Paying and Conversion Agent, the Paying and Conversion Agents, the Registrar, the Transfer Agents, the Calculation Agent and ACSM Calculation Agent act solely as agents of the Issuer and [the]*/[each]** Guarantor and do not assume any obligation or relationship of agency or trust for or with any ECN Holder or Couponholder.

• Whenever a function expressed by the Conditions to be performed by the ACSM Calculation Agent falls to be performed, the Issuer shall appoint and (for so long as such function is required to be performed) maintain an ACSM Calculation Agent.

• If, following any take-over offer made under the City Code on Takeovers and Mergers or any reorganisation, restructuring or scheme of arrangement, LBG ceases to be the Ultimate Owner, then LBG shall as soon as practicable give notice to the ECN Holders in accordance with Condition 19, the Trustee, the Issuing, Paying and Conversion Agent, the Calculation Agent and the ACSM Calculation Agent, whereupon the operation of the ACSM shall be suspended (such event being a “Suspension”).

• The Issuer shall notify the ECN Holders in accordance with Condition 19 and the Trustee, the Issuing, Paying and Conversion Agent, the Calculation Agent and the ACSM Calculation Agent not less than 10 London business days prior to the relevant ACSM Payment Date that a Deferred Interest Payment or Deferred Accrued Conversion Interest is to be satisfied on such ACSM Payment Date.

• If necessary, the ACSM Calculation Agent shall further be required to agree in the ACSM Calculation Agency Agreement to convert the net proceeds of such sale into the Specified Currency at prevailing market exchange rates.

• Any ACSM Calculation Agency Agreement may contain provision for the indemnification of the ACSM Calculation Agent and for relief from responsibility in certain circumstances, and may entitle it to enter into business transactions with the Issuer without being liable to account to the ECN Holders or Couponholders for any resulting profit.

• The ACSM Calculation Agent shall further be required to agree to deliver the amount of such proceeds of sale (if necessary, as so converted) to the Issuing, Paying and Conversion Agent for application in accordance with Condition 8(c).

More Definitions of ACSM Calculation Agent

ACSM Calculation Agent means the independent investment bank or financial institution, appointed on the terms of an ACSM Calculation Agency Agreement, selected by the Issuer and approved by the Trustee, for the purposes of performing the functions expressed to be performed by it under these Conditions;