Examples of Replacement Reference Entity in a sentence
The Standard Terms applicable to such Replacement Reference Entity shall be the then current standard terms applicable to such Replacement Reference Entity as at the day it is selected by the Issuer.
For the avoidance of doubt, the Liquid Market Condition will not be satisfied if the relevant Replacement Reference Entity is trading on an up-front premium only basis, unless otherwise agreed between the Buyer and the Portfolio Manager acting on behalf of the Seller.
Proceedings has the meaning given to it in Clause 27.2. Proposed Reference Entity means a Long Replacement Reference Entity or a Short Replacement Reference Entity.
Long Replacement Reference Entity means an entity that is to be added to a Long Portfolio.
Any Reference Entity (as defined below) in the Long Portfolio may, from time to time, be substituted for a Long Replacement Reference Entity (as defined below), provided that certain criteria are satisfied.