Examples of Applicable Auction in a sentence
If “Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement, and the Conditions to Settlement are satisfied as of the Auction Final Price Determination Date and in accordance with Section 12.1 the Fallback Settlement Method is not applicable, “ Final Price” shall mean the Applicable Auction Final Price.
For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by ISDA and not the date of any related determination by the Calculation Agent that such announcement relates to Applicable Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or an Applicable Auction.
If “ Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement, and the Conditions to Settlement are satisfied as of the Auction Final Price Determination Date and in accordance with Section 12.1 the Fallback Settlement Method is not applicable, “Final Price” shall mean the Applicable Auction Final Price.
If “Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement, and the Conditions to Settlement are satisfied as of the Auction Final Price Determination Date and in accordance with Section 12.1 the Fallback Settlement Method is not applicable, “Final Price” shall mean the Applicable Auction Final Price.
The amount of interest distributable to Owners for any Auction Rate Note Interest Period or part thereof for each $50,000 principal amount of Auction Rate Notes shall be calculated by multiplying 50,000 by the Applicable Auction Rate for such Auction Rate Note Interest Period or part thereof, multiplying such product by the actual number of days in the Auction Rate Note Interest Period or part thereof concerned divided by 365 or 366, as applicable, and rounding the resultant figure to the nearest one cent.
Applicable Auction was deemed to have been cancelled as announced by ISDA (and/or the administrators specified in the Applicable Credit Derivatives Auction Settlement Terms) on its website or as otherwise determined and announced in accordance with the Applicable Credit Derivatives Auction Settlement Terms.
If the Swap Counterparty exercises the Physical Redemption Movement Option, all references in these Additional CLN Conditions to "Applicable Auction", "Applicable Credit Derivatives Auction Settlement Terms", "Auction Cancellation Date" and "Auction Final Price Determination Date" shall be deemed to be references to the "Parallel Auction", "Parallel Auction Settlement Terms" and "Parallel Auction Cancellation Date" and the terms of these Additional CLN Conditions shall be construed accordingly.
Any calculation by the Auction Agent (or the Trustee, if applicable) of the Applicable Auction Rate, the Maximum Rate, the All-Hold Rate and the Non-Payment Rate shall, in the absence of manifest error, be binding on all Beneficial Owners and all other parties.SECTION 2.
If “Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement, and the Conditions to Settlement are satisfied as of the Auction Final Price Determination Date and in accordance with Section 12.1 the Fallback Settlement Method is not applicable, “ Final Price” shall mean the Applicable Auction Final Price.Section 7.5. Valuation Method.
The Calculation Agent may rely upon any notice, announcement or resolution of the relevant Credit Derivatives Determinations Committee in respect of the Reference Entity in determining whether or not an Applicable Auction or Auction is to be held.