Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) all costs, fees, charges, expenses (including loss of funding), tax and duties incurred by the Issuer and/or any of its Affiliates in connection with the redemption of the Credit- Linked Notes and the related termination, settlement or re- establishment of any hedge or related trading position.
Unwind Costs means an amount determined by the Calculation Agent equal to the Issuer’s expenses, losses or costs (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedges or related trading positions or funding arrangements entered into by it (including with its internal functions) and including, without limitation, interest rate swaps specifically in connection with the Notes.
Unwind Costs means the value in the Settlement Currency of the fees, costs, charges, expenses, taxes (including any stamp duty tax) and liabilities which the Disposal Agent and/or the Issuer incurs, is expected to incur or is otherwise required to deduct in connection with the redemption of the Notes pursuant to the Conditions (including, without limitation, any fees, costs, charges, expenses, taxes (including any stamp duty tax) and liabilities which the Disposal Agent and/or the Issuer incurs, is expected to incur or is otherwise required to deduct in connection with holding or transferring any Collateral for the purposes of effecting a physical settlement of the relevant Notes), as determined by the Calculation Agent in good faith and in a commercially reasonable manner.Annex 2 Security and Collateral Description of the CollateralOn the Issue Date, the Issuer purchased the Initial Collateral.The “Initial Collateral” in respect of the Notes comprises EGP 135,000,000 in principal amount of the Egyptian Treasury Bill Series 364D due 14 May 2019 issued by Ministry of Finance of the Arab Republic of Egypt and having the ISIN number EGT9980E5J13.The Initial Collateral constitutes the “Collateral” as at the Issue Date and, at any time thereafter, the “Collateral” shall include any other securities, cash or other assets or property derived therefrom or delivered to the Issuer and held by the Custodian for the account of the Issuer at such time.Initial CollateralThe following summary of the Initial Collateral is qualified by reference to the detailed terms and conditions of the Initial Collateral. Title: EGP 135,000,000 in principal amount of Egyptian Treasury Bill Series 364D due 14 May 2019 Collateral Issuer: Ministry of Finance of the Arab Republic of EgyptThe Collateral Issuer has securities admitted to trading on Euronext Dublin - Main Securities Market. Principal Address of Collateral Issuer:Ministry of Finance Towers, Nasr City.Extension of Ramsis Street, Abbassiya, Cairo, Egypt Principal Amount: EGP 135,000,000 Denomination: EGP 25,000 Issue Date: 15 May 2018 Collateral Final Maturity Date: 14 May 2019 Interest Rate: Not applicable Interest Payment Date: Not applicable Listing: Not applicableGoverning law: Egyptian law ISIN: EGT9980E5J13 ID Number: AS5966690 Ratings: Not applicable Ranking: The Initial Collateral and any related coupons constitute senior unsecured obligations of the Collateral Issuer.Security ArrangementsThe Issuer and the Trustee have entered into a...
Examples of Unwind Costs in a sentence
The Unwind Costs will be determined by the Calculation Agent and may result in significant losses for Noteholders The Unwind Costs may comprise costs, expenses (including any funding arrangements and/or any financing loss), taxes and fees incurred by the Issuer and its affiliates in relation to the redemption of Notes and the unwinding, cancellation, settlement or related restoration of any Hedge Transaction, and may be substantial.
If the "Non-Standard Credit Unwind Costs" clause is stipulated as being applicable in the applicable Final Terms, the Unwind Costs for the CLN or BLN shall be as set out above plus all costs, expenses (including financing loss), taxes and fees incurred by the Issuer and its affiliates in relation to the unwinding, cancellation, termination, settlement or related restoration of any Internal Currency Swap thereby reducing further any amount to be paid to Noteholders.
For the purposes of this paragraph 7, where there is a difference between the Non- Default Unwind Costs of one Party and the Non-Default Unwind Costs of the other Party, the difference between the level of the Parties' respective Unwind Costs shall be known as the Unwind Cost Difference.
More Definitions of Unwind Costs
Unwind Costs means an amount determined by the Calculation Agent in its sole and absolute discretion applying such commercially reasonable procedures as it deems appropriate, in accordance with the following provisions. The Calculation Agent shall calculate the market value of the Charged Agreement upon the early termination of the Charged Agreement (taking into account any loss, cost or expense (including, but not limited to, the loss of bargain, cost of funding, or any loss, costs, or expenses in terminating, unwinding, liquidating, obtaining or re-establishing any hedge or related trading position) incurred as a result of terminating this Transaction early), plus any costs, fees, expenses and charges incurred by Buyer, Seller and the Trustee (without double- counting) in connection with the payment of the Bond Redemption Amount or with delivery of the Remaining Unrealised Charged Assets (as the case may be) including, without limitation any brokers’ commissions, documentation fees and expenses, any taxes and stamp duties, any funding costs and any legal or other ancillary costs incurred by Buyer or Seller as a consequence of such early termination. 7. Additional Provisions:
Unwind Costs means an amount in EUR which is the aggregate of:
Unwind Costs means the value of the fees, costs, charges, expenses and liabilities incurred by the Swap Counterparty and the Issuer in connection with the redemption of the Notes in the circumstances described in paragraph 28 of these Pricing Terms.PART B – OTHER INFORMATION
Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) the Issuer’s expenses (including loss of funding), tax, duties, losses, costs, fees, charges (expressed as a negative number) or gain (expressed as a positive number) incurred (or expected to be incurred) by or on behalf of the Issuer and/or any of its Affiliates as a result of its terminating, liquidating, modifying, obtaining or re-establishing any hedges or related trading positions or funding arrangements entered into by it (including with its internal functions).
Unwind Costs means the amount specified in the Issue Terms (if any) or if "Standard Unwind Costs" are specified in the Issue Terms, an amount determined by the Calculation Agent equal to the aggregate sum of (without duplication) all costs (including loss of funding), fees, charges, expenses, tax and duties incurred by the Issuer and/or any of its Affiliates in connection with the redemption of the Relevant Assets and the Notes and the related termination, settlement or re-establishment of any Hedging Arrangements.
Unwind Costs means, in respect of each such Inflation Linked Note, an amount equal to such Inflation Linked Note's pro rata portion of the value (determined in the currency in which the Inflation Linked Notes are denominated) of any losses, expenses and costs to the Issuer, any Hedging Party and/or any of its affiliates and any loss of tax relief or other tax consequences of unwinding and adjusting any underlying or related swap agreement or other hedging arrangements (including but not limited to any options or selling or otherwise realising instruments of any type whatsoever which the Issuer, any Hedging Party and/or any of its affiliates may hold as part of such hedging arrangement and without duplication), all as calculated by the Issuer in its sole discretion.
Unwind Costs means the sum of: