Auction Settlement Amount definition

Auction Settlement Amount means, in relation to any Reference Entity, an amount in the Settlement Currency as determined by the Calculation Agent in accordance with the formula below:
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Auction Settlement Amount means the greater of (a) (i) the Reference Entity Notional Amount of the relevant Reference Entity which is the subject of such Event Determination Date (or, if the provisions of Asset Term 2.11 apply, the applicable Exercise Amount) multiplied by (ii) the Auction Final Price and (b) zero;
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Auction Settlement Amount means an amount per Note equal to the product of (i) the Auction Final Price and (ii) the Notional Amount of each Note.
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Examples of Auction Settlement Amount in a sentence

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  • For the avoidance of doubt, the Early Termination Amount shall, for these purposes, take into account any Auction Settlement Amount or Cash Settlement Amount (as applicable) deemed to constitute an Unpaid Amount under the terms of the Swap Agreement.

  • The “Credit Event Redemption Amount” of a Note is an amount equal to such Note’s pro rata portion of the amount equal to either the Auction Settlement Amount or the Cash Settlement Amount (as the case may be) payable by the Swap Counterparty under the Charged Agreement.

  • If any Notes are redeemed following the occurrence of an Event Determination Date in accordance with this Credit Linked Condition 2, upon payment of the Auction Settlement Amount or Cash Settlement Amount, Delivery of the relevant Deliverable Obligations and/or payment of the Partial Cash Settlement Amount, as applicable, the Issuer shall have discharged its obligations in respect of such Notes and shall have no other liability or obligation whatsoever in respect thereof.

  • The value of such Auction Settlement Amount, Cash Settlement Amount, Deliverable Obligations and or Partial Cash Settlement Amount, as the case may be, may be less than the principal amount of such Notes.

  • For more information, see the section titled “Additional information relating to credit-linked notes and the Credit Default Swap – What is the Reference Obligation?” below.If any replacement of the Reference Obligation does occur, any Auction Settlement Amount or Cash Settlement Amount under a triggered Credit Default Swap will be determined on the basis that the replacement obligation is the Reference Obligation (and the replaced obligation is not).

  • Where the Issuer is to redeem Notes by means of Auction Settlement, the redemption of each Note shall be effected by the payment of the Auction Settlement Amount on the Credit Event Redemption Date, such amount to be apportioned pro rata among the Noteholders, rounding the resulting figure downwards to the nearest sub-unit of the relevant currency.

  • For the purpose of this Condition, the Auction Settlement Amount shall be considered as the Final Settlement Amount.

  • If the applicable Pricing Supplement specifies Auction Settlement as the Settlement Method in relation to a Reference Entity, then following an Event Determination Date and unless a Fallback Settlement Event occurs, each Note shall be redeemed by the Issuer with the payment of the Auction Settlement Amount to the Noteholders on the Auction Settlement Date.

  • Settlement Amount means the Auction Settlement Amount or the Physical Settlement Amount, as the case may be.


More Definitions of Auction Settlement Amount

Auction Settlement Amount means, in relation to any Reference Entity and unless otherwise specified in the Final Terms, an amount in the Settlement Currency as determined by the Calculation Agent in accordance with the formula below: Auction Settlement Amount = Max 0, [RENA x AFP] – UC – CAL Where:
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Auction Settlement Amount means an amount, based on the Auction Final Price determined and calculated as specified in the applicable Final Terms.‌
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Auction Settlement Amount means an amount equal to (i) Reference Entity Notional Amount multiplied by (ii) the Reference Price minus the Final Price. For the avoidance of doubt, if Auction Settlement applies, references to the "Cash Settlement Amount" in the Conditions and in this Confirmation shall be deemed to be references to the "Auction Settlement Amount" and references to the "Cash Settlement Date" shall be deemed to be references to the "Auction Settlement Date. Alternative Cash Settlement: The following terms shall be applicable if Alternative CashSettlement applies. Valuation Date: Single Valuation Date: As selected by the Calculation Agent no earlier than 45 Business Days and no later than 120 Business Days after the Event Determination Date. Valuation Time: 11:00am in the principal trading market of the relevant Obligation. Quotation Method: Bid Quotation Amount: Reference Entity Notional Amount provided that the QuotationAmount may, following the occurrence of a Restructuring Credit Event, be the relevant Exercise Amount as determined in accordance with paragraph 3. Dealers: To be selected by the Calculation Agent in good faith and in a commercially reasonable manner provided that Deutsche Bank AG, London Branch shall in all cases be one of the selected Dealers. Any firm quotation provided by Deutsche Bank AG, London Branch shall be the firm quotation that Deutsche Bank AG, London Branch would provide to a counterparty in the market, as determined in its sole and absolute discretion.Settlement Currency: EUR Cash Settlement Date: The later of: (x) 3 Business Days after (i) the Valuation Date or (ii)if later, the date upon which the Final Price is determined and (y) the date on which the Collateral Market Value of the applicable Delivered Collateral is determined. Cash Settlement Amount: Section 7.3 of the Credit Derivatives Definitions shall be deemed tobe amended as follows:
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Auction Settlement Amount means, in relation to a Tranche of Credit-Linked Notes in respect of which Auction Settlement is specified as the applicable Settlement Method in the Applicable Pricing Supplement, (i) the amount specified as such in the Pricing Supplement or (ii) if no amount is so specified, the amount calculated by the Calculation Agent in accordance with the formula specified for this purpose in the Applicable Pricing Supplement or (iii) if no such amount and no such formula are specified in the Applicable Pricing Supplement, the amount being the product of (a) the Outstanding Principal Amount of that Tranche of Credit- Linked Notes and (b) the Auction Final Price divided by the Reference Price;
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Auction Settlement Amount means, in relation to a Tranche of Credit-Linked Notes in respect of which Auction Settlement is specified as the applicable Settlement Method in the Applicable Pricing Supplement, the amount determined as per the conditions set out in the Applicable Pricing Settlement;
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Related to Auction Settlement Amount

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Gross Settlement Amount means Two Hundred Forty Thousand Dollars and Zero Cents ($240,000.00) which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Settlement Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and the Administration Expenses.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Physical Settlement Date means the date (which may occur after the Scheduled Maturity Date) specified as such in the Intended Physical Settlement Notice falling 10 Business Days after the date of the Intended Physical Settlement Notice.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Monthly Settlement Date means the 20th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).