Examples of Fixed Rate Payer Calculation Period in a sentence
Notwithstanding Section 2.9 of the Credit Derivatives Definitions, the initial Fixed Rate Payer Calculation Period shall commence on, and include, the Fixed Rate Payer Payment Date falling on or immediately prior to the calendar day immediately following the Trade Date.
Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Defaulted Reference Obligations for which a Final Price has not yet been determined (each, an “ Undetermined Defaulted Reference Obligation”), a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date in accordance with the Fixed Amount Calculation Provisions above.
Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Undetermined Reference Entities, a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date (the “Scheduled Fixed Rate Payer Payment Date”) in accordance with the provisions for the calculation of Fixed Amounts set out above.
Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Undetermined Reference Entities, a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date (the "Scheduled Fixed Rate Payer Payment Date").
Fixed Rate Payer Calculation Amount: For any Fixed Rate Payer Calculation Period, an amount determined by the Calculation Agent equal to (a) the sum of the Outstanding Swap Notional Amount as at 5 p.m. in the Calculation Agent City on each day in such Fixed Rate Payer Calculation Period, divided by (b) the actual number of days in such Fixed Rate Payer Calculation Period.
Average Outstanding Swap Notional Amount:With respect to a Fixed Rate Payer Calculation Period, an amount equal to the sum of the Outstanding Swap Notional Amounts on each day of such Fixed Rate Payer Calculation Period divided by the number of days in such Fixed Rate Payer Calculation Period.
Accordingly, in circumstances where on the last day of a Fixed Rate Payer Calculation Period there are one or more Defaulted Reference Obligations for which a Final Price has not yet been determined (each such, an “ Undetermined Defaulted Reference Obligation”), a Fixed Amount shall not be payable on the relevant Fixed Rate Payer Payment Date in accordance with the Fixed Amount Calculation Provisions.
Upon the occurrence of an Event Determination Date, the Fixed Amount payable in respect of the Fixed Rate Payer Calculation Period in which such Event Determination Date occurs and any subsequent Fixed Rate Payer Calculation Period to and excluding that in which the relevant Cash Payment Date occurs will reduce as a result of the removal of the Defaulted Reference Obligation from the Reference Portfolio on the basis set out below.
With respect to each Fixed Rate Payer Calculation Period, the Protection Buyer will provide a report substantially in the form set out in Appendix A and a report containing the information set out in Appendix B to the Protection Seller, the Noteholders (pursuant to Condition 16), the Trustee (but only at the request of the Trustee) and the Irish Stock Exchange (each report a “Monthly Report”) not later than the first day of such Fixed Rate Payer Calculation Period.
Single Name Constant Maturity Swap Transaction means a Credit Derivative Transaction that references not more than one Reference Entity for which the Fixed Rate is reset at the end of each Fixed Rate Payer Calculation Period to the then-current market rate for the relevant Credit Derivative Transaction.