Examples of Knock Out Event in a sentence
Upon the occurrence of a Knock-out Event, the term of the Securities ends and the Security Holder suffers a total loss of the amount paid to purchase the Securities.
The risk of the occurrence of a Knock-out Event may increase significantly due to the regular adjustment of the Knock-out Barrier.
They continue until the exercise of the Exercise Right by the Security Holder or the exercise of the Issuer’s Regular Call Right by the Issuer, unless a Knock-out Event occurs.
In that case, the Issuer shall pay the Cash Amount to the Warrantholders not later than on the fifth Payment Business Day following the day on which the Knock-out Event occurred.
Subject to the occurrence of a Knock-out Event, the Securities shall be extraordinary automatically exercised on the tenth Banking Day ("Extraordinary Automatic Exercise Date") following the day on which the Strike has been specified for the first time as zero (0), and the Differential Amount will be paid for each Security.