Double Knock-Out definition

Double Knock-Out means an Option that ceases to be effective in the event that the underlying Exchange Rate breaches one of two agreed Barrier Levels during the Event Period.
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Double Knock-Out means that if the Spot Exchange Rate on a Barrier Event Determination Date is either (a) greater than or equal to the Upper Barrier Level or (b) less than or equal to the Lower Barrier Level, then Automatic Termination shall apply to the Transaction upon such occurrence; otherwise, in the absence of such Barrier Event, the Transaction shall settle in accordance with in accordance with Clause 4 of this Annex A.
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Double Knock-Out means that if the Spot Exchange Rate during a Barrier Event Period is either (a) greater than or equal to the Upper Barrier Level or (b) less than or equal to the Lower Barrier Level, then Automatic Termination shall apply to the Transaction upon such occurrence.
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More Definitions of Double Knock-Out

Double Knock-Out means that if the Spot Exchange Rate on a Barrier Event Determination Date is either (a) greater than or equal to the Upper Barrier Level or
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Related to Double Knock-Out

  • Knock-out Period means each Calculation Date from the First Day of the Knock-out Period (including) to the Final Valuation Date (including).

  • lock-out means the closing of a place of employment, or the suspension of work, or the refusal by an employer to continue to employ any number of persons employed by him in consequence of a dispute, done with a view to compelling those persons, or to aid another employer in compelling persons employed by him, to accept terms or conditions of or affecting employment;

  • Lock-out Period means the period from, and including, the day following the Interest Determination Date to, but excluding, the corresponding Interest Payment Date;

  • Knock-out Barrier means the relevant Strike.

  • First Day of the Knock-out Period means the First Day of the Knock-out Period as specified in § 1 of the Product and Underlying Data.