Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

effect transactions in, or obtain market values for, futures or options contractsrelating to the Equities on any relevant Related Exchange.“Failure to DeliverSettlement Price”“Final RedemptionAmount”“HedgingDisruption”“Increased Cost ofHedging”“Insolvency”“Insolvency Filing”“Market DisruptionEvent”means, in respect of each nominal amount of the Notes equal to the lowest SpecifiedDenomination, the fair market value of the Affected Relevant Assets on the fifthBusiness Day prior to the date on which the Failure to Deliver Notice is given asprovided above, less the proportionate cost to the Issuer and/or its Affiliates ofunwinding or adjusting any underlying or related hedging arrangements in respect ofthe Notes, all as calculated by the Calculation Agent in its sole and absolutediscretion.means the Final Redemption Amount specified in the relevant Final Terms.means that the Issuer and/or any of its Affiliates is unable, after using commerciallyreasonable efforts, to (a) acquire, establish, re-establish, substitute, maintain, unwindor dispose of any transaction(s) or asset(s) it deems necessary to hedge the equity orother price risk of the Issuer issuing and performing its obligations with respect to theNotes, or (b) realise, recover or remit the proceeds of any such transaction(s) orasset(s).means that the Issuer and/or any of its Affiliates would incur a materially increased(as compared with circumstances existing on the Trade Date) amount of tax, duty,expense or fee (other than brokerage commissions) to (a) acquire, establish, reestablish,substitute, maintain, unwind or dispose of any transaction(s) or asset(s) itdeems necessary to hedge the equity or other price risk of the Issuer issuing andperforming its obligations with respect to the Notes, or (b) realise, recover or remitthe proceeds of any such transaction(s) or asset(s), provided that any such materiallyincreased amount that is incurred solely due to the deterioration of thecreditworthiness of the Issuer and/or any of its Affiliates shall not be deemed anIncreased Cost of Hedging.means that by reason of the voluntary or involuntary liquidation, bankruptcy,insolvency, dissolution or winding-up of, or any analogous proceeding affecting, anEquity Issuer (a) all the Equities of that Equity Issuer are required to be transferred toa trustee, liquidator or other similar official or (b) holders of the Equities of thatEquity Issuer become legally prohibited from transferring them.means that the Equity Issuer institutes or has instituted against it by a regulator,supervisor or any similar official with primary insolvency, rehabilitative or regulatoryjurisdiction over it in the jurisdiction of its incorporation or organisation or thejurisdiction of its head or home office, or it consents to a proceeding seeking ajudgment of insolvency or bankruptcy or any other relief under any bankruptcy orinsolvency law or other similar law affecting creditors’ rights, or a petition ispresented for its winding-up or liquidation by it or such regulator, supervisor orsimilar official or it consents to such a petition, provided that proceedings institutedor petitions presented by creditors and not consented to by the Equity Issuer shall notbe deemed an Insolvency Filing.means, in respect of an Equity, the occurrence or existence of (i) a TradingDisruption, (ii) Exchange Disruption which in either case the Calculation Agentdetermines is material, at any time during the one hour period that ends at therelevant Valuation Time, as the case may be, or (iii) an Early Closure.157