Pro-rata Liquidation definition

Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.
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Examples of Pro-rata Liquidation in a sentence

  • Any ETP Security that is subject to Optional Redemption in accordance with Condition 8.2 will become due and payable on the relevant Optional Redemption Settlement Date at its Optional Redemption Amount, being an amount per ETP Security as calculated by the Determination Agent equal to the greater of: (A) the Principal Protection Amount of an ETP Security; and (B) the Pro-rata Liquidation.

  • Optional Redemption Amount An amount per ETP Security calculated by theDetermination Agent equal to the greater of: (a) the Principal Protection Amount of such ETP Security; and (b) the Pro-rata Liquidation.

  • Optional Redemption Amount An amount per ETP Security calculated by the DeterminationAgent equal to the greater of: (a) the Principal Protection Amount of such ETP Security; and (b) the Pro-rata Liquidation.

  • Any ETP Security that is subject to Optional Redemption in accordance with Condition 8.2 will become due and payable on the relevant Optional Redemption Settlement Date at its Optional Redemption Amount, being an amount per ETP Security as calculated by the Determination Agent equal to the greater of:(A) the Principal Protection Amount of an ETP Security; and (B) the Pro-rata Liquidation.

  • Optional Redemption Amount An amount per ETP Security calculated by the DeterminationAgent equal to the greater of: (a) the Principal ProtectionAmount of such ETP Security; and (b) the Pro-rata Liquidation.