Examples of Event Payment in a sentence
If such notice is mailed prior to the date of consummation of the Change of Control, the notice shall also state that the Change of Control Offer is conditioned on the Change of Control Repurchase Event occurring on or prior to the Change of Control Repurchase Event Payment Date.
The form is attached as Annex I to the Frequency transfer guidelines.
In respect of Basket Warrants, the greater the number of Reference Entities subject to a Credit Event, the lower the Credit Event Payment Amount will be.
The payments to which the Designated Holder shall be entitled pursuant to this Section 3.3 are referred to herein as “Event Payments.” In the event the Company fails to make Event Payments to the Designated Holder within five (5) Business Days after an Event Payment Date, such Event Payments owed to the Designated Holder shall bear interest at the rate of one half percent (0.5%) per month (prorated for partial months) until paid in full.
In the Concession Termination Event Offer, the Issuer will offer a “Concession Termination Event Payment” in cash equal to 100% of the aggregate principal amount of notes repurchased, in addition to accrued and unpaid interest and additional amounts, if any, on the notes repurchased, to the date of purchase (the “Concession Termination Event Payment Date”), subject to the rights of holders of notes on the relevant record date to receive interest due on the relevant interest payment date.
Under the terms of the Warrants, where Société Générale acts as Calculation Agent, it may, for the purposes of determining the Credit Event Payment Amount under the Quotation Dealers Method or the Credit Linked Physical Delivery Amount following one or more Credit Event(s), select obligations with the lowest price of any obligations which meet the relevant criteria.
The Credit Event Payment Amount may be equal to zero if it is not possible to obtain quotations from Quotation Dealers for the selected obligations.
In respect of Tranche Warrants, as soon as the aggregate of the Loss Amount and Unwind Costs for all Reference Entities subject to a Credit Event exceeds the Tranche Subordination Amount, the greater the number of Reference Entities subject to a Credit Event, the lower the Credit Event Payment Amount will be.
Where Quotation Dealer is applicable, factors affecting the Quotations Dealers may have a negative impact on the quotations obtained from Quotation Dealers (which may be lower than the value of the relevant obligations) and may as a result adversely affect the Credit Event Payment Amount.
In such a case, the Issuer or Calculation Agent or Guarantor may have a conflict of interest by influencing any such pricing mechanism and therefore the Credit Event Payment Amount to be received by the Warrantholders.