Fair Bond Value definition
Fair Bond Value means, as determined by an Independent Financial Adviser, the arithmetic average of (A) the Bond Market Price on each Trading Day comprised in the Fair Bond Value Calculation Period and on which such Bond Market Price is available, subject to such Bond Market Price being available in respect of a minimum of three Trading Days, or (B) (where (A) does not apply) in respect of each Trading Day comprised in the Fair Bond Value Calculation Period, the Bond Market Price on each Trading Day on which such Bond Market Price is available (if any) or (if no such Bond Market Price in available in respect of such Trading Day) the fair mid-market value (as determined by such Independent Financial Adviser on the basis of a commonly accepted market valuation method and taking account of such factors as it considers appropriate) per €100,000 in principal amount of the Bonds (as at the close of business on such Trading Day and using a reference price for the Share equal to the closing price of the Share on such Trading Day).
Fair Bond Value means, in respect of each Bond, as determined by an Independent Adviser, the arithmetic average (rounded to the nearest whole multiple of SEK 0.01, with SEK 0.005 being rounded upwards) of the fair market values (as determined by such Independent Adviser to be appropriate on the basis of a commonly accepted market valuation method and taking account of such factors as it considers appropriate, including without limitation the market price per B Share, the dividend yield of a B Share, the volatility of such market price, prevailing interest rates, the credit spread on other relevant bonds of the Issuer (if any) and the terms of the Bonds, and assuming for this purpose that the Shareholder Resolution had been passed prior to the start of the Fair Bond Value Determination Period) at the close of business on each dealing day during the Fair Bond Value Determination Period.
Fair Bond Value means the price calculated by an Independent Financial Adviser as being the average of the prices of the Bonds on each dealing day during the Early Redemption Calculation Period, and having regard to market parameters applicable to the Bonds, including the remaining maturity, interest rates, market credit spread assumptions, the market value of the Ordinary Shares and over-the-counter prices made in respect of the Bonds by reputable international investment banks.
Examples of Fair Bond Value in a sentence
For so long as the Shareholder Resolutions have not been approved, the Issuer may by giving notice (the "Fair Value Redemption Notice") to the Bondholders by not later than 10 dealing days prior to 31 May 2018 (the "Long Stop Date"), elect to redeem all, but not some only, of the Bonds on the date falling 15 dealing days after the end of the Fair Bond Value Calculation Period at the greater of (x) 102 per cent.
If the Shareholder Resolutions have not been passed by the Long-Stop Date, the Issuer may give notice (a “Shareholder Event Notice”) to the Bondholders in accordance with Condition 16 and to the Trustee no later than 10 dealing days after the Long-Stop Date that it will redeem all but not some only of the Bonds on the date falling 6 dealing days after the end of the Fair Bond Value Calculation Period (the “Shareholder Event Redemption Date”) at the greater of (A) 102 per cent.
More Definitions of Fair Bond Value
Fair Bond Value means the price calculated by an Independent Adviser as being the average of the prices of a Bond at the close of business on each dealing day during the Fair Bond Value Calculation Period.
Fair Bond Value means, as determined by an Independent Adviser, the arithmetic average (rounded to the nearest whole multiple of £0.01, with £0.005 being rounded upwards) of (A) the Bond Market Price on each dealing day falling in the Fair Bond Value Calculation Period and on which such Bond Market Price is available, subject to such Bond Market Price being available in respect of a minimum of three dealing days in such period, or (B) (where (A) does not apply) in respect of each dealing day comprised in the Fair Bond Value Calculation Period, (i) the Bond Market Price on such dealing day (if any) or (ii) (if no such Bond Market Price is available in respect of any such dealing day) the fair mid-market value on such dealing day (as determined by such Independent Adviser on the basis of a commonly accepted market valuation method and taking account of such factors as it considers appropriate) per £100,000 in principal amount of the Bonds (as at the close of business on such dealing day and using a reference price for the Ordinary Share equal to the closing price of the Ordinary Share on such dealing day).
Fair Bond Value means the price determined in good faith by an Independent Adviser as being the average of such mid-market prices per U.S.$200,000 in principal amount of the Bonds as displayed from such source or sources (if any) as such Independent Adviser shall consider appropriate as at the close of business on each dealing day during the Fair Bond Value Calculation Period, provided that where no such source is available in respect of any such dealing day as aforesaid, such mid- market price in respect of such dealing day shall be such price determined in such manner as is determined in good faith to be appropriate by such Independent Adviser.
Fair Bond Value means, in respect of each Bond, as determined by an Independent Adviser, the arithmetic average (rounded to the nearest whole multiple of USD 1, with USD 0.5 being rounded upwards) of the fair market values (as determined by such Independent Adviser to be appropriate on the basis of a commonly accepted market valuation method and taking account of such factors as it considers appropriate, including (without limitation) the market price per Share, the dividend yield of a Share, the volatility of such market price, prevailing interest rates, the credit spread on other relevant bonds of the Issuer (if any) and the terms of the Bonds, and assuming for this purpose that the Shareholder Resolution had been duly passed at the SGM prior to the start of the Fair Bond Value Calculation Period) of such Bond at the close of business on each Dealing Day during the Fair Bond Value Calculation Period. “Fair Bond Value Calculation Period” means the period of 5 consecutive Dealing Days commencing on (and including) the second Dealing Day following the date on which the Mandatory Redemption Event Notice is given. “Fair Market Value” means, on any date (the “FMV Date”): Docusign Envelope ID: F7EC574B-38CD-431C-A01A-A848D688CB2B
Fair Bond Value means the price calculated by a Common Expert as being the average of the prices of the Bonds on each trading day during the Fair Bond Value Calculation Period.
Fair Bond Value means, in respect of each €100,000 principal amount of a Bond, as determined by an Independent Adviser, the arithmetic average (rounded to the nearest whole multiple of €0.01, with
Fair Bond Value means, as determined by an Independent Adviser, the arithmetic average (rounded to the nearest whole multiple of £0.01, with £0.005 being rounded upwards) of (A) the Bond Market