AV Negative Interest Amount definition

AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). Noteholders are referred to the Credit Derivatives Definitions, as amended by Section 8 of the Charged Agreement set out in Annex 1 to this Prospectus, and to paragraph 25(B) (Credit Event Redemption) of these Terms, for further details on such partial redemption of the Notes.
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AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). 25. Early Redemption:
Sample 1
AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). Noteholders are referred to the Credit Derivatives Definitions, as amended by Section 8 of the Charged Agreement set out in Annex 1 to this Prospectus, and to paragraph 26(B) (Credit Event Redemption) of these Terms, for further details on such partial redemption of the Notes.
Sample 1

Examples of AV Negative Interest Amount in a sentence

  • For the purposes of Paragraph 5(c), neither Party A nor Party B shall be required to transfer Equivalent Distributions or Interest Amounts, save in relation to any AV Negative Interest Amount in respect of the Extension Calculation Period.

  • For the purpose of determining the AV Negative Interest Amount, the applicable Interest Rate shall be any official overnight interest rate applicable to the Interest Amounts and/or cash set by a central bank or other monetary authority, as determined by the Valuation Agent.


More Definitions of AV Negative Interest Amount

AV Negative Interest Amount means, in respect of any negative Interest Amount, the absolute value of such negative Interest Amount."
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Related to AV Negative Interest Amount

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;