Cancellation and Payment definition

Cancellation and Payment means, in the case of a Forward Delivery Transaction, the Transaction will be cancelled as of the Merger Date, in the case of a Merger Event, or the Announcement Date in the case of a Nationalization, Insolvency or De-Listing Event, and Counterparty will pay to BofA or BofA shall pay to the Counterparty, as the case may be, an amount in cash equal to the "Termination Value", such payment to be made not later than three Currency Business Days following the determination by the Calculation Agent of such amount (denominated in the currency for settlement of the Transactions as determined by the Calculation Agent). The "Termination Value" shall be an amount as determined by the Calculation Agent representing the fair value to BofA and its affiliates and the Counterparty of an agreement that would preserve for BofA and its affiliates and the Counterparty the economic equivalent of the aggregate payment and deliveries in respect of the Forward Delivery Transaction that would have been required but for the occurrence of the Merger Event, Nationalization, Insolvency or De-Listing Event (taking into account any adjustment that may have been calculated on or prior to such date). The Calculation Agent shall calculate such amount based on the following factors (and such other factors as it deems appropriate) (i) the volatility of the Shares, (ii) dividends on the Shares, (iii) a value ascribed to the Shares equal to the consideration, if any, paid in respect of such Shares to holders of such Shares at the time of the Merger Event, Nationalization, Insolvency or De-Listing Event (iv) prevailing interest rates, and (v) a term equal to the number of days from the Announcement Date through and including the Maturity Date. For the avoidance of doubt, for purposes of calculating the value of this Transaction on any given day, such value shall be based on a number of Shares equal to the Maximum Number of Daily Forward Delivery Amounts for such Transaction.
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Cancellation and Payment means the ED Transaction will terminate and the Calculation Agent shall determine the Cancellation Amount using commercially reasonable procedures to produce a commercially reasonable result.
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Cancellation and Payment. If a Bullion Settlement Disruption occurs with respect to a Transaction then an Additional Termination Event will be deemed to occur without any notice or further action being required. That Transaction shall be the sole Affected Transaction, the Early Termination Date shall be the date of the occurrence of the Bullion Settlement Disruption and the Party which (in the absence of the Bullion Settlement Disruption) would have been required to make the relevant Delivery shall be the sole Affected Party. For the avoidance of doubt, the Early Termination Amount in respect of the aforementioned Additional Termination Event shall be payable in Bullion at such time as Bullion can be delivered.
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Examples of Cancellation and Payment in a sentence

  • Share-for-Share: Modified Calculation Agent Adjustment Share-for-Other: Cancellation and Payment (Calculation Agent Determination) Share-for-Combined: Cancellation and Payment (Calculation Agent Determination); provided that Dealer may elect, in its commercially reasonable judgment, Component Adjustment (Calculation Agent Determination) for all or any portion of the Transaction.

  • Share-for-Other: Cancellation and Payment (Calculation Agent Determination).

  • Share-for-Share: Modified Calculation Agent Adjustment Share-for-Other: Cancellation and Payment (Calculation Agent Determination) Share-for-Combined: Cancellation and Payment (Calculation Agent Determination); provided that Dealer may elect, in its commercially reasonable judgment, Component Adjustment (Calculation Agent Determination).

  • Share-for-Combined: Cancellation and Payment (Calculation Agent Determination); provided that Dealer may elect Component Adjustment.

  • Cancellation and Payment (Calculation Agent Determination); provided that Dealer may elect, in its commercially reasonable discretion, that Modified Calculation Agent Adjustment or Component Adjustment shall apply for all or part of the Transaction.

  • Index Cancellation Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

  • Index Modification Related Exchange Adjustment, unless no option or futures contracts on the index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

  • Cancellation and Payment (subject to satisfaction by delivery of Shares as set forth in “Early Termination” below).

  • Nationalization, Insolvency or Delisting: Cancellation and Payment (Calculation Agent Determination).

  • Share-for-Share: Modified Calculation Agent Adjustment Share-for-Other: Cancellation and Payment (Calculation Agent Determination) Share-for-Combined: Cancellation and Payment (Calculation Agent Determination); provided that Dealer may elect, in its commercially reasonable judgment, Component Adjustment for all or any portion of the Transaction.


More Definitions of Cancellation and Payment

Cancellation and Payment means that the Transaction will be cancelled as of (1) the Effective Date in the case where the Announcement Date occurs before the Effective Date (included) or (2) the Announcement Date if it occurs after the Effective Date (excluded) and (A) in the case of an Option Transaction, Seller will pay to Buyer the amount calculated in accordance with Section 12.7 (b) and (B) in the case of a Forward Transaction or an Equity Swap Transaction, an amount calculated in accordance with Section 12.7.(c) will be paid by one party to the other;
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Cancellation and Payment which means that (i) the Merger Date shall be deemed the final Valuation Date with respect to this Transaction and (ii) Price(t+1) shall be equal to the execution price at which Party A unwinds its hedge with respect to the Shares.
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Cancellation and Payment means that the Transaction will be cancelled as of the Announcement Date and (A) in the case of an Option Transaction, Seller will pay to Buyer the amount calculated in accordance with Section 12.7(b), and (B) in the case of a Forward Transaction or an Equity Swap Transaction, an amount calculated in accordance with Section 12.7(c) will be paid by one party to the other; and
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Cancellation and Payment means that (A) in the case of a Share Option Transaction or Share Basket Option Transaction, the Option Transaction will be cancelled as of the Announcement Date and Seller will pay to Buyer the amount specified in Section 9.7 ("Payment upon Certain Extraordinary Events") and (B) in the case of a Share Swap Transaction or a Share Basket Swap Transaction, (X) the Nationalization or Insolvency will constitute an Additional Termination Event under the relevant ISDA Master Agreement with the relevant Share Swap Transaction or Share Basket Swap Transaction the sole Affected Transaction and the party who is not the Equity Amount Payer the Affected Party; if there are two Equity Amount Payers, then the Equity Amount Payer in relation to whom the Equity Amount is not calculated by reference to the affected Shares shall be the Affected Party or, if the Equity Amount with respect to both parties is calculated by reference to the affected Shares, then both parties will be Affected Parties and (Y) notwithstanding the definition of "Close-out Amount" in the relevant ISDA Master Agreement, any Determining Party will determine a Close-out Amount in respect of the Affected Transaction on the basis of quotations (either firm or indicative) for a replacement transaction supplied by one or more third parties that may take into account the creditworthiness of the Determining Party at the time the quotation is provided and the terms of any relevant documentation, including credit support documentation, between the Determining Party and the third party providing the quotation (but the Determining Party may not take into account any loss or cost incurred in connection with its terminating, liquidating or re-establishing any hedge related to the Affected Transaction (or any gain resulting from any of them))."
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Cancellation and Payment means that the Transaction will be cancelled as of the AnnouncementDate and Seller will pay to Buyer the amount calculated in accordance with Clause 10.7; and
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Related to Cancellation and Payment

  • Redemption and Paying Agent means, with respect to any Series, State Street Bank and Trust Company and its successors or any other redemption and paying agent appointed by the Fund with respect to such Series.

  • Redemption and Paying Agent Agreement means, with respect to any Series, the Redemption and Paying Agent Agreement or other similarly titled agreement by and among the Redemption and Paying Agent for such Series and the Fund with respect to such Series.

  • Cancellation Fee is an Individual Charge to an Attendee for a reservation cancellation or “no show” or for early and unauthorized check-out. The Contractor may not charge any Cancellation Fee to an Attendee scheduled to participate in that part of a Program terminated pursuant to the termination for cause provision set forth in Exhibit A.

  • Cancellation Date means the date on which the written notice of cancellation of a health insurance policy is received by the fund or the last date to which premiums were paid.

  • Cancellation Notice has the meaning given in Clause 8.6;

  • Cancellation means an end to the Contract affected pursuant to a right which the Contract creates due to a Breach.

  • Cancellation Period means the 90-day period, beginning

  • Escrow and Paying Agent Agreement means, with respect to either Class of Certificates, the Escrow and Paying Agent Agreement pertaining to such Class dated as of the date hereof between the Escrow Agent, the Underwriters, the Trustee for such Class and the Paying Agent, as the same may be amended, modified or supplemented from time to time in accordance with the terms thereof.

  • Cancellation Charge has the meaning given to that term in paragraph 5.1 of Part 2; "Core Operational Period" in relation to any part of the Network, means the period of the day when that part is generally open to train movements;

  • Cancellation Charges means collectively (i) the Booking Amount; (ii) all interest liabilities of the Allottee accrued till date of cancellation; and (iii) brokerage paid to real estate agent/channel partner/broker, if any (iv) the stipulated charges on account of dishonour of cheque; (v) administrative charges as per Promoter’s policy and (vi) amount of stamp duty and registration charges to be paid/paid on deed of Cancellation of this Agreement

  • Cancellation Costs means costs and liabilities incurred in connection with: (a) cancellation of supplier and contractor written orders and agreements entered into to design, construct and install Attachment Facilities, Direct Assignment Facilities and/or Customer-Funded Upgrades, and/or (b) completion of some or all of the required Attachment Facilities, Direct Assignment Facilities and/or Customer-Funded Upgrades, or specific unfinished portions and/or removal of any or all of such facilities which have been installed, to the extent required for the Transmission Provider and/or Transmission Owner(s) to perform their respective obligations under Tariff, Part IV and/or Part VI.

  • Funding and Payment Office means the office of Administrative Agent and Swing Line Lender located at One Chase Xxxxxxxxx Xxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 or such offices of Administrative Agent or any successor Administrative Agent specified by Administrative Agent or such successor Administrative Agent in a written notice to Loan Parties and Lenders).

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Invoicing and Payment Policy means the invoicing and payment policy. A copy of our current Invoicing and Payment Policy is attached as Exhibit B.

  • Sinking Fund Redemption Date Has the meaning specified in Section 6.06 of the Indenture.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Tender and Paying Agent Agreement means the amended and restated tender and paying agent agreement, dated as of March 15, 2019, by and between the Fund and the Tender and Paying Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor tender and paying agent.

  • Redemption Price or Repurchase Price means the amount to be paid to the relevant Holder upon redemption of that Unit, such amount to be determined pursuant to this document.

  • Redemption Event has the meaning set forth in Section 3.4.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.