Observation Days definition
Examples of Observation Days in a sentence
The Transaction will be divided into two tranches (each, a “Tranche”), each with the terms set forth in this Confirmation, and in particular, with the Tranche Discount, Tranche Notional Amount and Observation Days set forth in the Pricing Supplement.
Forward Cash Settlement Amount: For any Unwind Period, the arithmetic average of the 10b-18 VWAPs for each Exchange Business Day that is not a Disrupted Day of the Unwind Period relating to such settlement (provided that during any Overlap Unwind Period, only those Exchange Business Days that constitute Overlap Observation Days (as defined in Paragraph 7(s) below) shall be included in such calculation).
The Determining Party shall determine any Cancellation Amount with reference to mid-market price at which 2 leading independent dealers would enter into an equivalent Transaction on the date that the Transaction is cancelled using actual Index levels for Observation Days that have occurred.