Examples of EUR Equivalent in a sentence
In accordance with the provisions of the Asset Swap the Swap Counterparty shall be deemed under the Asset Swap to have paid such EUR Equivalent of the relevant Cash Settlement Amount on behalf of Party B in satisfaction of Party B’s obligations under this Transaction.
EUR Equivalent Amount means, with respect to the Securities on any day, an amount in EUR determined by the Calculation Agent in its sole and absolute discretion as being equal to the aggregate Outstanding Principal Amount of all the Securities which are outstanding on such day, as converted into EUR at the Initial FX Rate.
Payment of Cash Settlement Amounts by payment of EUR Equivalent: The Protection Seller shall satisfy its obligation to pay any Cash Settlement Amount by paying to the Protection Buyer the EUR Equivalent of the relevant Cash Settlement Amount.
EUR Equivalent: In respect of any amount expressed in USD, the amount in EUR equivalent to such amount, as determined by the Calculation Agent using the Relevant FX Rate.
Each Re-set made in accordance with paragraph (B) above shall become effective as of 11:00 a.m. (Frankfurt time) on the Re-set Date, and upon such effectiveness, the new Outstanding EUR Equivalent Amounts determined with respect to the relevant Non-EUR Reference Claims shall replace the previous Outstanding EUR Equivalent Amounts of such Non-EUR Reference Claims.
New Reference Claims denominated in the Re-set Currency or Euro may only be added to the Reference Pool on the Re-set Date in accordance with § 3(9) and, if denominated in the Re-set Currency, its Outstanding EUR Equivalent Amount must be determined on the basis of the Exchange Rate specified under (v).
Final ExchangeELM Final Exchange Amount : On the Scheduled Maturity Date of the NotesELM shall deliver to UBS a nominal amount of Charged Assets equal to the nominal amount of all of the Charged Assets on such date minus an amount equal to the aggregate of (a) the EUR Equivalent outstanding principal amount of any Defaulted Securities and (b) the EUR Equivalent outstanding principal amount of the Security in respect of any Sovereign in respect of which a Potential Repudiation/Moratorium has occurred.
Each such Defaulted Security is required to be sold by the Issuer to the Security Sale Counterparty pursuant to the Security Sale Agreement for an amount equal to the relevant Mandatory Sale Price multiplied by the relevant EUR Equivalent outstanding principal amount (the “Mandatory Sale Proceeds”) and the Issuer shall apply such amount in making payment of the relevant Partial Early Redemption Amount.
The principal amount of any Reference Claim denominated in a currency other than Euro (each, a " Non- EUR Reference Claim"), shall be deemed to be equal to the amount of principal in Euro specified in respect of such Reference Claim in the Reference Claim List pursuant to paragraphs (b) and (c) below, as reduced pursuant to paragraph (f) below (the "Outstanding EUR Equivalent Amount").
If the sale of all of the Charged Assets is insufficient to realise an amount equal to the relevant EUR Equivalent Repurchase Price (such shortfall, the “EERP Shortfall”) then the Issuer shall apply the relevant Mandatory Sale Proceeds towards payment of the relevant EERP Shortfall before applying such Mandatory Sale Proceeds towards paying the relevant Partial Early Redemption Amount.