Physical Redemption Amount definition

Physical Redemption Amount means, in connection with any Notes subject to a single Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its sole discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise transferable securities, the nearest minimum transfer value of such Assets; and (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; and (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP.

Physical Redemption Amount means, in relation to any Delivery Instruction Certificate:

Physical Redemption Amount means, in respect of each Note outstanding on the relevant Early Redemption Date, in respect of which a Physical Redemption Amount is payable:

Examples of Physical Redemption Amount in a sentence

• In case of Physical Settlement, Securityholders are not entitled to any Crypto Asset Collateral, but rather they have a right to receive the relevant amount of Crypto Asset Collateral equal to the Physical Redemption Amount to satisfy their claim under the Securities subject to redemption.

• The Administration Agent shall perform the calculation of relevant fees and deductions applicable with respect to a Series of Securities (including the Cash Redemption Amount, Physical Redemption Amount and Product Fees).

• All payments or deliveries in respect of the Securities, including but not limited to payment or deliveries of any Cash Redemption Amount or Physical Redemption Amount, shall be made subject to any Tax Deduction that the Issuer, the Arranger, the Trustee or any Agent is required to make, by any Applicable Law.

• Any redemption under paragraph(A) by way of a transfer of a Physical Redemption Amount to a Securityholder which is not an Authorised Participant shall be subject to the Principal Paying Agent having completed the required verification checks with respect to such Securityholder and the documentation provided under the Redemption Order Form to its satisfaction.

• The obligations of the Issuer in respect of Securities being redeemed pursuant to Physical Settlement shall be satisfied by transferring the relevant Physical Redemption Amount to the Securityholder.

More Definitions of Physical Redemption Amount

Physical Redemption Amount means the relevant Instrumentholder's pro rata share (by reference to the outstanding principal amount of Instruments held by such Instrumentholder against the outstanding principal amount of all Instruments) of all Collateral held by or on behalf of the Issuer in respect of the Instruments on the relevant date; provided that any amount received by the Issuer from an Instrumentholder in respect of the Physical Redemption Priority Payment Amount in connection with the Conditions to Delivery shall be deemed not to form part of the Collateral.

Physical Redemption Amount means the aggregate of all Collateral held by or on behalf of the Issuer in respect of the Notes the relevant Early Redemption Date (for the avoidance, of doubt, following any application by the Issuer of an amount equal to the Physical Redemption Priority Payment Amount in satisfaction of all payment obligations of the Issuer ranking in priority to the Noteholders pursuant to Master Condition 15 (Application of Liquidation Proceeds)) or the Maturity Date, as the case may be.

Physical Redemption Amount means, in respect of each Note outstanding on the relevant Early Redemption Date (where the Physical Redemption Amount is the Early Redemption Amount) or the Maturity Date (where the Physical Redemption Amount is the Final Redemption Amount), as the case may be, in respect of which a Physical Redemption Amount is payable, (i) an amount of the Remaining Original Collateral equal to such Note’s pro rata share (amongst only those Notes in respect of which a Physical Redemption Amount is payable) of the Remaining Original Collateral; and (ii) an amount of cash equal to such Note’s pro rata share (amongst all Notes outstanding on the relevant Early Redemption Date) of (a) the Specified Currency Proceeds, less (b) the Cash Redemption Portion, plus (c) any Termination Payment in respect of the Swap Agreement that is payable to the Issuer (together, if applicable, with any interest payable thereon) and any Termination Payment in respect of the Repo Agreement that is payable to the Issuer (together, if applicable, with any interest payable thereon) less

Physical Redemption Amount means, in connection with any Notes subject to a single Delivery Instruction Certificate, the sum of (i) a portion, determined by the Calculation Agent in its sole discretion, of the Net Portfolio corresponding to the number of Notes subject to that Delivery Instruction Certificate but rounded down to, where the Assets comprise securities, the nearest whole number of Assets and where the Assets comprise other debt obligations, the nearest minimum transfer value of the Assets; (ii) the Net Proceeds of that fraction of the Net Portfolio that was the subject of such rounding down; (iii) where the Aggregate STP is payable to the Issuer, a pro rata portion of such Aggregate STP; and (iv) if there is any positive cash balance in the Issuer’s accounts established and maintained solely for the purposes of the Notes, a pro rata portion of such positive cash balance, subject to the priority of payment set out in Condition 3.1 and Additional Condition 6(e), as modified by the Drawdown Deed.

Physical Redemption Amount means in respect of any Securities to be redeemed by Physical Settlement, means:

Physical Redemption Amount means, in respect of each Note outstanding on the relevant Early Redemption Date (where the Physical Redemption Amount is the Early Redemption Amount) or the Maturity Date (where the Physical Redemption Amount is the Final Redemption Amount), as the case may be, in respect of which a Physical Redemption Amount is payable, (i) an amount of the Remaining Original Collateral equal to such Note’s pro rata share (amongst only those Notes in respect of which a Physical Redemption Amount is payable) of the Remaining Original Collateral; and (ii) an amount of cash equal to such Note’s pro rata share (amongst all Notes outstanding on the relevant Early Redemption Date) of (a) the Specified Currency Proceeds, less (b) the Cash Redemption Portion, plus (c) any

Physical Redemption Amount means the securities forming part at the time being of the Charged Assets.