Examples of Additional Reserve Amount in a sentence
After delivery of an Additional Reserve Amount Notice, no Noteholder may transfer any Notes until after receipt by the Issuer of the relevant Additional Reserve Amount.
Failure properly to complete and deliver an Additional Reserve Amount Notice or to provide any evidence of ownership of the Notes required by the Swap Calculation Agent may result in such notice being treated as null and void.
No Additional Reserve Amount Notice may be withdrawn after receipt thereof by the Issuer, the Trustee and the Swap Counterparty.
Failure properly to complete and deliver an Additional Reserve Amount Notice may result in such notice being treated as null and void.
Any determination as to whether (i) such notice has been properly completed and is valid, (ii) the relevant Noteholder has duly given notice and (iii) the Additional Reserve Amount has been duly paid, in each case in accordance with these Terms, shall be made by the Swap Counterparty acting in its sole discretion and shall be conclusive and binding on the Issuer, the Trustee and the Noteholders.