Base Settlement Amount definition
Examples of Base Settlement Amount in a sentence
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately.
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Stop-Loss Barrier, in which case the Securities are exercised automatically.
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is higher thanthe Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately.
The Seller Sub will not instruct the Commonwealth to remit any payments with respect to the Rights to any location other than the escrow account established under that certain Base Settlement Amount Escrow Agent Agreement, dated as of the date hereof, by and among the Company, MSFC, and PNC Bank, National Association, as Escrow Agent, as Liquidity Agent and as Administrative Agent.
If on the date of any payment of the Base Settlement Amount the Company has insufficient funds to pay maturing Notes the Administrator and the Liquidity Agent shall provide Borrowing Notices and the Liquidity Lenders shall advance funds in accordance with the terms hereof.