Examples of Notional Holder in a sentence
The terms and conditions of the Notes or Warrants may specify that the exercise period only commences when a Notional Holder, had it entered into an agreement to purchase the Underlyings in respect of the Warrants on or around the Trade Date, would have received such Underlying, or, if later, the listing date of the Underlyings on the Exchange, as determined by the Calculation Agent.
In other cases, the rate of exchange shall be that determined by the Calculation Agent to be the rate at which a Notional Holder which received an Underlying Currency Amount on the Receipt Date would have been able to convert such Underlying Currency Amount into the Specified Currency.
In relation to the Reference Entity(ies), payments of interest and principal under the Pass-through Notes will only be made to the extent a corresponding payment of interest or principal would have actually been received by the Notional Holder of the Reference Obligation Principal Amount of the Reference Obligation(s).
Fixed Interest Payment Date(s): One Business Day after the day on which a Notional Holder of the Reference Obligation receives an amount of interest pursuant to the Reference Obligation.
Amounts received by Noteholders is therefore dependent on where the Notional Holder is domiciled and may be less than the purchaser would receive if it were to hold the Reference Obligation directly.