Examples of OAT Strips in a sentence
If there has been a payment default in respect of the OAT Strips (having taken into account any applicable grace period), the Issuer shall give notice thereof to the Trustee, the Securityholders, the Calculation Agent and the Selling Agent.
OAT Relevant Sale Portion means in relation to a Payment Date, that portion of the OAT Strips to be sold or delivered to Merrill Lynch International in between the immediately preceding Determination Date and that Payment Date by the Calculation Agent acting on behalf of the Issuer as determined by the Calculation Agent in accordance with the OAT Sale Formula.
OAT Relevant Sale Portion means, in relation to a Payment Date, that portion of the OAT Strips to be sold or delivered to Merrill Lynch International in between the immediately preceding Determination Date and that Payment Date by the Calculation Agent acting on behalf of the Issuer as determined by the Calculation Agent in accordance with the OAT Sale Formula.
If the Charged Assets do not perform and, in particular, if the OAT Strips default, Securityholders may receive back significantly less than the amount invested.
Class Z OAT Strip Sale Proceeds means, in relation to a Payment Date, the net proceeds of sale received by the Custodian in relation to the sale by the Custodian, acting on behalf of the Issuer pursuant to the terms of the Agency Agreement, of the Class Z OAT Strip Relevant Sale Portion of the Class Z OAT Strips.
In the event that the Notes are redeemed pursuant to Condition 7(b) (Redemption at the Option of the Noteholders) each Class U Combination Noteholder will, in respect of the Class U OAT Strip Security Component, receive either a pro rata distribution in kind of the Class U OAT Strips or a Class U Combination Noteholder may elect to receive the proceeds of sale of the Class U OAT Strips realised by the Custodian.
Combination Notes: The Combination Notes will be secured solely to the extent to which the Classes of Notes corresponding to the Components (excluding the OAT Security Q Component) of which such Combination Notes are comprised are secured.In addition, the OAT Security Q Component will also be secured in favour of the Trustee for the benefit of the Class Q Combination Noteholders only by security over the OAT Strips comprising the OAT Security Q Component.
SUMMARY OF FACTS Foreign Parent, a Country A publicly traded corporation, is the parent of a group of multinational affiliated corporations (the “Foreign Parent Group”).
So long as the Class R Combination Notes remain Outstanding, exchanges of Class R Combination Notes, in whole or in part, for the Class R OAT Strips and Subordinated Notes represented thereby shall be permitted.
The Custodian shall (on behalf of the Issuer) hold the Class S OAT Strips in a segregated account of Euroclear and the Issuer will pledge its interest in the securities held in such account under a Belgian law pledge (the “Class S OAT Strips Pledge Agreement”).Margin Stock: Subject to certain limitations, the Notes may be secured by Margin Stock.