Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner.Interest Commencement Date: The Interest Commencement Date is 20December 2005.Interest Accrual Dates: The Interest Accrual Dates in respect of the Notes are 20 March, 20 June, 20 September and 20 December in each year commencing on 20 March 2006 and the final Interest Accrual Date will be the Scheduled Maturity Date. For the avoidance of doubt, the Interest Accrual Dates are not subject to adjustment in accordance with the Business Day Convention.Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and thereafter, each successive Interest Period shall begin on (and include) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date.Interest Payment Dates: The interest accruing in respect of each Interest Period shall be paid on the fifth Business Day following the Interest Accrual Date on which such Interest Period ends, except that in respect of the Interest Period ending on (but excluding) the Scheduled Maturity Date, the interest shall be paid on the Maturity Date. If the Maturity Date falls after the Scheduled Maturity Date, the Scheduled Maturity Date shall not be an Interest Payment Date and the Maturity Date shall be the final Interest Payment Date (and there shall be no Interest Payment Date between the Interest Payment Date relating to the Interest Accrual Date falling in September 2045 and the Maturity Date). The Interest Payment Dates shall be subject to adjustment in accordance with the Business Day Convention.Coupon Rate: The “Coupon Rate” will be EUR- EURIBOR-Telerate plus 0.30 per cent. per annum, where the Designated Maturity shall be three months and the Reset Date shall be the first day of the relevant Interest Period.Day Count Fraction: Actual/360 Calculation Agent: The Calculation Agent shall be Deutsche Bank AG, acting through its London Branch.All communications by Deutsche Bank AG, acting through its London Branch in its capacity as Calculation Agent will be made by Deutsche Bank AG, London Branch Swaps Desk to Deutsche Bank AG, London Branch Trust & Securities Services.All communications to Deutsche B...
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner.
Maximum Cash Settlement Amount means, in respect of each Event Determination Date and a Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Event Determination Date, as determined by the Swap Calculation Agent acting in good faith and a commercially reasonable manner, on the basis that the Loss Determination Amount in respect of each Undetermined Obligation (as defined in the Default Swap) for which a Cash Settlement Amount has not been determined will be equal to the Notional Amount of such Undetermined Obligation.
Examples of Maximum Cash Settlement Amount in a sentence
On the date falling two Business Days prior to the Initial Termination Date and, thereafter, promptly after each Adjustment Date, the Calculation Agent shall, by written notice, notify the Swap Counterparty, the Issuer, the Administrator and the Note Trustee of the Potential Defaulted Reference Obligations, the Maximum Cash Settlement Amount and the Payable Maximum Cash Settlement Amount.
For the purposes of determining the Maximum Cash Settlement Amount for any date of determination, the Calculation Agent shall assume that the Conditions to Settlement will be satisfied in respect of each Defaulted Reference Obligation and Potential Defaulted Reference Obligation and that no Credit Events will occur in respect of any other Reference Obligation after the relevant date of determination.
Cash Settled Warrants (which are not Credit Linked Warrants) may be subject to a specified maximum Cash Settlement Amount, in which case the Cash Settlement Amount calculated in accordance with Conditions 4.2(a) to 4.2(c) will be subject to the Maximum Cash Settlement Amount specified in the applicable Final Terms.
Potential Defaulted Reference Obligation in respect of which the Potential Failure to Pay has been remedied or it is finally determined by or on such Adjustment Date that the Conditions to Settlement can not be fulfilled in respect of such Potential Defaulted Reference Obligation, shall not be included in the calculation of Maximum Cash Settlement Amount.
As soon as reasonably practicable following the date of determination or recalculation of the Swap Premium, Maximum Cash Settlement Amount, Payable Maximum Cash Settlement Amount or Cash Settlement Amount, the Calculation Agent will promptly notify the Issuer, the Administrator, the Principal Paying Agent, the Agent Bank, and the Note Trustee in writing accordingly of such amount.
More Definitions of Maximum Cash Settlement Amount
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Entity, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in its sole discretion.
Maximum Cash Settlement Amount means, in respect of each Credit Event (or a Credit Event which in the determination of the Counterparty may have occurred in the case of determination of the Maximum Cash Settlement Amount for the purposes of paragraph 61 of the Final Terms) and a Reference Entity, the maximum possible Cash Settlement Amount that could be payable under the Credit Derivative Transactionas a result of such Credit Event, as determined by the Calculation Agent acting in good faith, in a commercially reasonable manner and in its sole judgement. Such Maximum Cash Settlement Amount shall be deemed to apply with effect from the relevant Event Determination Date.
Maximum Cash Settlement Amount means, on the date of determination, the aggregate of (A) the aggregate Defaulted Notional Amount of all Defaulted Reference Obligations, (B) the aggregate Verified Loss Amount in respect of all Pending Liquidated Reference Obligations, and (C) the aggregate Reference Obligation Notional Amount of all Potential Defaulted Reference Obligations. For the avoidance of doubt, if the Maximum Cash Settlement Amount is being determined on any Adjustment Date, any:
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Entity, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in its sole discretion. Interest Commencement Date: The Interest Commencement Date is the Interest Accrual Date (asdefined in the Original Notes) falling immediately prior to the Issue Date. Interest Accrual Dates: The Interest Accrual Dates in respect of the Notes are 20 June and20 December in each year commencing on whichever of the above dates is the first to occur immediately following the Interest Commencement Date and the final Interest Accrual Date will be the Scheduled Maturity Date, which dates shall not be subject to adjustment in accordance with any Business Day Convention. Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and thereafter, each successive Interest Period shall begin on (and include) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date. Interest Payment Dates: The interest accruing in respect of each Interest Period shall bepaid on the second Relevant Business Day following the Interest Accrual Date on which such Interest Period ends, provided that:
Maximum Cash Settlement Amount means, in respect of each Credit Event (or a Credit Event which in the determination of the Swap Counterparty may have occurred in the case of determination of the Maximum Cash Settlement Amount for the purposes of sub-paragraph 13(L)
Maximum Cash Settlement Amount means, in respect of each Credit Event and a Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent acting in good faith and a commercially reasonable manner, on the basis that the Loss Determination Amount in respect of each Defaulted Reference Obligation (as defined in the Default Swap) for which a Cash Settlement Amount has not been determined will be equal to the Notional Amount of such Defaulted Reference Obligation. If the Swap Counterparty elects to terminate the Default Swap on a Regulatory Optional Early Termination Date (as defined in sub-paragraph 20(B)(vii) below), an Additional Optional Early Termination Date (as defined in paragraph 20(B)(viii) below) or a Ramp-up Period Optional Early Termination Date (as defined in paragraph 20(B)(ix) below) or the Notes are subject to redemption on a Ratings Downgrade Redemption Date, a Default Early Redemption Date, a Rating Agency Test Early Redemption Date and, in such case, the date of such redemption of the Notes is postponed pursuant to sub-paragraph 13(L), the Interest Amount payable on each Note in respect of each subsequent Interest Period shall be the amount (subject to a minimum of zero) determined by the Calculation Agent to be such Note’s pro rata share of the sum of the amounts specified in sub-paragraphs 12(2), 12(3), 12(4) and 12(5) above in respect of such Interest Period.Interest Commencement Date: The Interest Commencement Date is the Issue Date. Interest Accrual Dates: (i) The Interest Accrual Dates in respect of the Notesare 22 March, 22 June, 22 September and 22 December in each year (commencing on 22 March 2005) to and including the Scheduled Maturity Date; and (ii) if the Maturity Date is extended or postponed in accordance with sub-paragraph 11(A) above or sub-paragraph 13(L) below, each Cash Payment Date under the Default Swap, subject in each case to adjustment in accordance with the Following Business Day Convention, for which purpose therelevant Business Days are London and New York City and TARGET Settlement Days. For the avoidance of doubt, if the Maturity Date is extended pursuant to sub-paragraph 11, the final Interest Accrual Date shall be the fifth Business Day prior to the Scheduled Maturity Date (the “Final Interest Accrual Date”). Interest Periods: Each period from (and including) an Interest Accrual Date (or if none the Interest Commenc...
Maximum Cash Settlement Amount means, in respect of each Credit Event relating to an Undetermined Reference Obligation, the maximum possible Cash Settlement Amount that could be payable under the Default Swap as a result of such Credit Event, as determined by the Swap Calculation Agent in good faith and in a commercially reasonable manner. (B) Additional Interest AmountsThe "Additional Interest Amount" in respect of each Additional Interest Payment Date shall be calculated by the Calculation Agent in its discretion to reflect the additional amount (if any) which would have been paid on the Interest Payment Date in respect of each Interest Period during the Adjustment Period during which there are one or more Undetermined Reference Obligations (the Interest Period Date in respect of the first such Specified Interest Payment Date being the "Relevant Coupon Accrual Date") had the Final Price in respect of each relevant Reference Obligation been calculated on the Interest Period Date corresponding to such Interest Payment Date for each then Undetermined Reference Obligation.