Hypothetical Transaction definition
Hypothetical Transaction means a hypothetical credit derivative transaction between the Issuer (as “Seller”) and a hypothetical Noteholder (as “Buyer”) which incorporates the Credit Derivatives Definitions and which is otherwise on such terms as may be determined by the Calculation Agent to provide to the Issuer substantially similar rights and remedies with respect to the Reference Entities as are provided under the Notes. A Hypothetical Transaction is used only for the purposes of determining whether resolutions of a Credit Derivatives Determinations Committee will be binding on the Noteholders.
Hypothetical Transaction means a hypothetical total return swap transaction concluded between the Issuer and the Noteholder, the date of termination of which occurs one year after the date of conclusion thereof and is subject to the terms of the 2002 ISDA Master Agreement as published by the International Swaps and Derivatives Association, Inc. (including a Schedule thereto) concluded on the Issuer’s standard terms, in terms of which hypothetical total return swap transaction the Issuer would be paying to the Noteholder amounts equal to any amount received by the Issuer during the Hypothetical Transaction Period in respect of the Underlying Bonds, including amounts of interest and any capital gains, and the Noteholder would be paying to the Issuer interest amounts on a quarterly basis determined with reference to the Hypothetical Floating Rate (such Hypothetical Floating Rate applied to an amount equal to the Aggregate Nominal Amount), and the amounts payable by either the Issuer and/or the Noteholder to the other are denominated in ZAR.
Hypothetical Transaction means a hypothetical credit derivative transaction between the Issuer (as “Buyer” in respect of the Long Reference Entities and “Seller” in respect of the Short Reference Entities) and a hypothetical Noteholder (as “Seller” in respect of the Long Reference Entities and “Buyer” in respect of the Short Reference Entities) which incorporates the Credit Derivatives Definitions and which is otherwise on such terms as may be determined by the Calculation Agent to provide to the Issuer substantially similar rights and remedies with respect to the Reference Entities as are provided under the Notes. A Hypothetical Transaction is used only for the purposes of determining whether resolutions of a Credit Derivatives Determinations Committee (including as to the holding of Auctions) will be binding on the Noteholders;