Knock-Out definition
Examples of Knock-Out in a sentence
The Securities are subject to the General Conditions in the Base Prospectus dated 1 December 2015 and the corresponding Product Conditions for Open-End Knock-Out Warrants which together constitute the terms and conditions (the "Terms and Conditions").
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately.
For the purpose of determining whether the Observation Price touches or falls below the Current Knock-Out Barrier, each determination of the price of the Underlying by the Reference Agent during the Observation Period shall be relevant.
The Knock-Out Barrier is also subject to regular adjustment with the result that the occurrence of a Barrier Event always depends on the respective current Knock-Out Barrier.
For the purpose of determining whether the Observation Price touches or rises above the Current Knock-Out Barrier, each determination of the price of the Underlying by the Reference Agent during the Observation Period shall be relevant.
The Licensee shall not have the right to sell, have sold, offer for sale, import or use for resale, export and/or otherwise distribute Knock-Out Cells, Knock-Out Animals or Knock-Out Constructs.
A "Barrier Event" occurs if the Observation Price touches or rises above the Knock-Out Barrier during the Observation Period.
Regular adjustment of the Strike and of the Knock-Out Barrier In the case of Open-End Knock-Out Warrants, the Strike and the Knock-Out Barrier of the Securities may change on an adjustment date in accordance with a certain adjustment logic, whereby both are normally reduced (current Strike, current Knock-Out Barrier).
Genentech shall also be responsible for complying with all customs, regulations, veterinary handling procedures and protocols, and obtaining any and all permits, forms or permissions that may be required for Genentech to accept shipment of Knock-Out Mice from Lexicon.
Lexicon shall be responsible for making shipping arrangements for all Knock-Out Mice to be shipped to Genentech from Lexicon; provided that Genentech shall be responsible for (i) paying all shipment and delivery charges in connection therewith and (ii) obtaining, if desired, and paying for any insurance for Knock-Out Mice shipped to Genentech from Lexicon.