Dedesignation definition
Examples of Dedesignation in a sentence
As a result, the Holder will have a conflict of interest with the Grantor when determining the Designation Price and/or De-designation Price, from time to time.
During the Designation Period, the Holder may (in its absolute and sole discretion) at any time and from time to time (i) designate the Option Securities and the relevant Designation Price that are subject to this Agreement; provided, however, that the Aggregate Exercise Amount shall not, at any time, be more than the Maximum Amount, and/or (ii) de-designate any and all of the Option Securities as Option Securities that are subject to this Agreement at the relevant De-designation Price.
Determinations of Valuation by Holder are Conclusive : • The Designation Price and the De-designation Price of each Option Security shall be determined by the Holder (in its absolute and sole discretion) in accordance with the relevant valuation principles set forth hereunder.
The Holder shall have the absolute and sole authority in determining the valuation of the Option Securities and the Collateral (if any) and related prices and/or rates under the Transaction Document, including (without limitation) the Designation Price, De-designation Prices, the Market Price, the Prevailing Rate, the Value and/or the value of the Collateral, which determination shall be final, conclusive, absolute and binding on the Parties, in the absence of manifest error.
Nevertheless, Option Securities that are illiquid will be given an estimated "fair value" for purposes of calculating certain values and fees, including (without limitation) the Designation Price, the De-designation Price and the Market Price.
Dedesignation means that the financial instrument (in this case, the interest rate swaps) will not be accounted for using hedge accounting under SFAS 133.
The Holder shall have the absolute and sole authority in determining the valuation / of the Option Securities and the Collateral (if any) and related prices and/or rates under the Transaction Document, including (without limitation) the Designation Price, De-designation Prices, the Market Price, the Prevailing Rate, the Value and/or the value of the Collateral, which determination shall be final, conclusive, absolute and binding on the Parties, in the absence of manifest error.
Dedesignation also entails that the previously associated hedged item (in this case, the debt instrument) will not be adjusted for future changes in its fair value.
Nevertheless, Option Securities that are illiquid will be given an estimated “fair value” for purposes of calculating certain values and fees, including (without limitation) the Designation Price, the De-designation Price and the Market Price.
The Designation Price and De-designation Price of certain Option Securities, especially illiquid and non-readily marketable positions, on any given point in time as determined by the Holder (in its absolute and sole discretion) may be inexact and may not always reflect the precise value of the relevant Option Securities at any given point in time.