Knock Out Event definition
Examples of Knock Out Event in a sentence
Knock Out Event: For Knock Out Options, a Knockout Event occurs when the Spot Price is equal to or greater than or equal to or less than the Barrier Level (as is applicable to the Option Type) during the Event Period.
Premium Knock-Out Note A Premium Knock-Out Note will be redeemed on the Maturity Date at the lowest of (a) the Maximum Redemption Amount (if applicable) and (b) the highest of (i) the Specified De- nomination plus the Premium Amount and (ii) the product of the Specified Denomination and the Final Reference Level divided by the Initial Reference Level, if a Premium Knock- Out Event has not occurred.
If Lessee terminates this Agreement within two (2) months of the applicable deadline, Lessee shall not be responsible for claim maintenance payments due in that calendar year or any succeeding annual assessment year.
Premium Knock- Out Event shall mean that the Reference Level is lower than the Premium Knock-Out Barrier which is specified in the applicable Final Terms.