Examples of Strategy Calculation Agent in a sentence
The determination by the Note Calculation Agent of any amount or of any state of affairs, circumstance, event or other matter, or the formation of any opinion or the exercise of any discretion required or permitted to be determined, formed or exercised by the Note Calculation Agent pursuant to the Conditions shall (in the absence of manifest error) be final and binding on the Issuer, the Trustee, the Noteholders, the Credit Strategy Calculation Agent and the Portfolio Manager.
Except in the case of manifest error, all calculations and determinations made by the Credit Strategy Calculation Agent and the Portfolio Manager will be binding on each other, the Issuer, the Trustee, the Total Return Swap Counterparty and the Noteholders.
The Issuer may, with the approval of a Special Resolution, terminate the appointment of the Credit Strategy Calculation Agent and appoint a successor calculation agent, provided that there shall at all times be a Credit Strategy Calculation Agent.
However, no assurance is given that the Portfolio Manager will meet this objective and no party (including, without limitation, the Issuer, the Arranger, the Portfolio Manager, the Credit Strategy Calculation Agent and the Trustee) accepts any liability to the extent that any Noteholders suffer a loss as a result of a failure by the Portfolio Manager to meet this objective.
The Portfolio Manager and the Credit Strategy Calculation Agent may agree, from time to time, to change these Credit Strategy Rules without obtaining the consent of any notional holder of Credit Strategy Units or any other person.
Apart from where the Credit Strategy Calculation Agent acts fraudulently or increases the extent of a Notional Portfolio Breach, it will not be liable to any person for any losses, costs or expenses that person may incur as a result of the Credit Strategy Calculation Agent exercising its discretion in respect of a Notional Portfolio Breach.
The Value at Risk Model will be determined by the Credit Strategy Calculation Agent in its sole and absolute discretion and may change from time to time.
Notice of any proposed change in Credit Strategy Calculation Agent shall be given to the Noteholders in accordance with Condition 17 (Notices).
The Credit Strategy Calculation Agent will determine the Notional Portfolio Value in accordance with Section 9 (Calculations and Determinations) of this Schedule 2 (Credit Strategy Rules).
The Issuer reserves the right at any time to vary the appointment of the Credit Strategy Calculation Agent.