Condition to Settlement definition

Condition to Settlement means (i) the delivery of a Credit Event Notice by the Issuer to the Noteholders that is effective during the Notice Delivery Period if "Credit Event Notice" is specified as a Condition to Settlement in the applicable Final Terms, and (ii) the delivery of a Notice of Publicly Available Information by Issuer to the Noteholders that is effective during the Notice Delivery Period if "Publicly Available Information" is specified as a Condition to Settlement in the applicable Final Terms, and (iii) the delivery by the Issuer of a Notice of Physical Settlement to the Noteholders that is effective no later than thirty calendar days after the Event Determination Date (such date of delivery to the Delivery Agent and the Principal Paying Agent being the "NPS Date") if "Notice of Physical Settlement" is specified as a Condition to Settlement in the applicable Final Terms and (iv) the excess of certain cumulative loss limits if so specified in the applicable Final Terms and (v) the satisfaction of any other condition which may be specified as a Condition to Settlement in the applicable Final Terms.
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Examples of Condition to Settlement in a sentence

  • The Counterparty may, subject to the satisfaction of the Condition to Settlement, but shall not be required to (notwithstanding that the Condition to Settlement may have been satisfied, unless a Credit Event Notice has been given), require the Issuer to redeem the Securities in accordance with the Physical Redemption Terms or the Cash Redemption Terms or the Auction Redemption Terms, as applicable.

  • Condition to Settlement: The occurrence of a Credit Event Determination Date to the extent that such Credit Event Determination Date is not subsequently reversed prior to the Auction Final Price Determination Date, the Valuation Date or the Physical Redemption Date, as applicable.

  • Redemption following Credit Event Determination Date:If the Calculation Agent determines that a Credit Event has occurred and that, subject to the satisfaction of the Condition to Settlement, the Issuer will be entitled to redeem the Securities pursuant to this Schedule, the Calculation Agent shall notify the Issuer and the Counterparty of the same.

  • Physical Redemption Terms: Physical Redemption: If the Condition to Settlement is satisfied and Physical Redemption is specified under Credit Event Redemption (or if Physical Redemption is applicable as the Fallback Redemption Method in accordance with the Auction Redemption Terms), then the Securities may, subject to the Suspension Terms set out below, be redeemed on or prior to the Final Physical Redemption Date by delivery of the Portfolio in the manner described below.

  • The Waste Licence was transferred to VESI in April 2002, however, Cussen retained ownership of the site and control of a portion of the licensed area for use in their crane hire business.

  • If the Documentation evidencing any Affected Credit Linked Certificate has specified "Notice of Publicly Available Information" as an applicable Condition to Settlement, the Documentation shall be construed as meaning that "Notice of Publicly Available Information" is "Applicable" (and references to "Conditions to Settlement" shall be deleted).

  • American Express is a globally integrated payments company that provides our customers with access to products, insights and experiences that enrich lives and build business success.

  • Specified Number: one provided that if the Calculation Agent has previously delivered a notice to the parties or Buyer has previously delivered a notice to Seller pursuant to the definition of “Floating Rate Payer Payment Dates” above in respect of a Writedown or a Failure to Pay Principal, the only Condition to Settlement with respect to any Credit Event shall be a Notice of Physical Settlement.

  • If the Documentation evidencing any Affected Credit Linked Note has specified "Notice of Publicly Available Information" as an applicable Condition to Settlement, the Documentation shall be construed as meaning that "Notice of Publicly Available Information" is "Applicable" (and references to "Conditions to Settlement" shall be deleted).

  • If the Documentation evidencing any Protocol Covered Transaction has specified "Notice of Publicly Available Information" as an applicable Condition to Settlement, the Documentation shall be construed as meaning that "Notice of Publicly Available Information" is "Applicable".

Related to Condition to Settlement

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

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

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

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

  • Notice of Settlement means the form attached hereto as Exhibit A.

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

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

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

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • 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.

  • Preliminary Settlement Statement shall have the meaning given such term in Section 3.2.

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

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • 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.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

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

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

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

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.