Common use of Should Clause in Contracts

Should. the quotation of the Reference Asset at the Relevant Exchange be finally discontinued and no Substitute Relevant Exchange or Substitute Futures Exchange could be determined - the Calculation Agent come to the conclusion that no reasonable adjustment is possible to account for the relevant measure of the company that has issued the Reference Asset or the relevant third party, the Issuer is entitled to terminate the Certificates early by giving notice pursuant to § 11 (which notice shall specify the Cancellation Amount). Such termination shall become effective at the time of the announcement pursuant to § 11. If the Certificates are so cancelled the Issuer will pay an amount to each Certificateholder in respect of each Certificate held by him which amount shall be the reasonable market value of a Certificate (the “Cancellation Amount”) on a day selected by the Issuer in its good faith and absolute discretion and taking into account the adjustment event, all as determined by the Calculation Agent in its good faith and absolute discretion. The Cancellation Amount will be paid within five Banking Days as of its determination to the Clearing System or to its order with the instruction for immediate forwarding to the Certificateholders.

Should. the quotation of the Reference Asset at the Relevant Exchange be finally discontinued and no Substitute Relevant Exchange or Substitute Futures Exchange could be determined - the Calculation Agent come to the conclusion that no reasonable adjustment is possible to account for the relevant measure of the company that has issued the Reference Asset or the relevant third party, the Issuer is entitled to terminate the Certificates early by giving notice pursuant to § 11 (which notice shall specify the Cancellation Amount). Such termination shall become effective at the time of the announcement pursuant to § 11. If the Certificates are so cancelled the Issuer will pay an amount to each Certificateholder Certificate holder in respect of each Certificate held by him which amount shall be the reasonable market value of a Certificate (the “Cancellation Amount”) on a day selected by the Issuer in its good faith and absolute discretion and taking into account the adjustment event, all as determined by the Calculation Agent in its good faith and absolute discretion. The Cancellation Amount will be paid within five Banking Days as of its determination to the Clearing System or to its order with the instruction for immediate forwarding to the Certificateholders.