Observation Date definition
Observation Date means each of the following Observation Dates:
Observation Date means the fifth Banking Day prior to each Redemption Date and each Call Date. If such day is not a Calculation Date, the immediately following day, which is a Calculation Date, shall be the respective Observation Date. The respective Redemption Date or the respective Call Date will be postponed accordingly. Interest shall not be payable due to such postponement.
Observation Date means each date specified as an Observation Date in the applicable Final Terms, or if any such date is not a Scheduled Trading Day, the immediately following Scheduled Trading Day unless, in the opinion of the Calculation Agent, any such day is a Disrupted Day. If any such day is a Disrupted Day, then the provisions contained in the definition of "Averaging Date" shall apply mutatis mutandis as if references in such provisions to "Averaging Date" were to "Observation Date";
Examples of Observation Date in a sentence
If this Global Note is called pursuant to the preceding sentence, the Holder shall receive the Call Amount per Unit applicable to such Observation Date.
If, due to a Market Disruption Event or otherwise, an Observation Date (other than the Final Observation Date) is postponed so that it falls less than five Banking Business Days prior to the scheduled date for payment of the applicable Call Amount, the date on which the Call Amount for such Observation Date shall be paid, if any, shall be the fifth Banking Business Day following the Observation Date as postponed.
If this Global Note is automatically called on an Observation Date other than the Final Observation Date, the Company shall redeem this Global Note and pay the applicable Call Amount on the fifth Banking Business Day after the applicable Observation Date, subject to postponement as described below.
If this Global Note is called on the Final Observation Date, the Company shall redeem this Global Note and pay the Call Amount on the Maturity Date.
If this Global Note is not called on any Observation Date, on the Maturity Date, a Holder shall receive a cash payment per Unit equal to the Redemption Amount per Unit.
More Definitions of Observation Date
Observation Date means each Date as specified in the Summary Term Sheet above, provided that if such day is not a Scheduled Trading Day then, as per Modified Following Business Day Convention or if the day which would otherwise be the Observation Date, is a Disrupted Day, then the relevant Observation Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the Observation Date is a Disrupted Day. In that case (a) that the eighth Scheduled Trading Day shall be deemed to be the relevant Observation Date (notwithstanding the fact that such day is a Disrupted Day) and (b) the Company shall determine the level of the Reference Index as of the Observation Time on that eighth Scheduled Trading Day in accordance with the formula for and method of calculating the Reference Index last in effect prior to the occurrence of the first Disrupted Day using the Exchange traded or quoted price as of the Observation Time on that eighth Scheduled Trading Day of each security comprising the Reference Index (or, if an event giving rise to a Disrupted Day has occurred in respect of the relevant security on that eighth Scheduled Trading Day, its good faith estimate of the value for the relevant security as of the Valuation Time on that eighth Scheduled Trading Day); provided always that the final Observation Date will not be later than the eighth Business Day after the Final Valuation Date and if the eighth Scheduled Trading Day would be later than the eighth Business Day after the Final Valuation Date, references to the eighth Scheduled Trading Day shall be deemed to be the eighth Business Day after the Final Valuation Date.
Observation Date means each date specified as such in the applicable Pricing Supplement, or if such date is not a Scheduled Trading Day the first Scheduled Trading Day thereafter unless, in the opinion of the Calculation Agent such day is a Disrupted Day. If any such day is a Disrupted Day, then:
Observation Date. : means the dates provided on page 4 on which the Plan has the potential to mature early
Observation Date means each date, if any, specified as such in the Final Terms, or if any such date is not a Scheduled Trading Day, the next following Scheduled Trading Day, in each case subject to Condition 7(l).
Observation Date means each Scheduled Observation Date, but with the last Observation Date being the Final Observation Date, provided that if any such date is not a Scheduled Valuation Day, the related Observation Date shall be the next following Scheduled Valuation Day.
Observation Date means each calendar day in the relevant Observation Period;
Observation Date means (i) if an Early Redemption Event in the form of a Swap Counterparty Bankruptcy Event of Default or a Swap Counterparty Termination Event occurs, the Early Redemption Valuation Date, (ii) in connection with any other Early Redemption Event, each of the five consecutive Scheduled Valuation Days from and including the Early Redemption Valuation Date (or such higher number of consecutive Scheduled Valuation Days (subject to a maximum of 30) notified by the Swap Counterparty to the Issuer and the Determination Agent no later than 14:00 London time on the Early Redemption Valuation Date) and (iii) in connection with the redemption of the ETC Securities on their Scheduled Maturity Date, each of the five consecutive Scheduled Valuation Days from and including the Final Redemption Valuation Date (or, where the Final Redemption Valuation Date is earlier than the Scheduled Final Redemption Valuation Date, the consecutive Scheduled Valuation Days from and including the Final Redemption Valuation Date and to and including the fifth Scheduled Valuation Day prior to the Scheduled Maturity Date).