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

Obligations or Hedge Disruption Obligations, as the case may be, on or before the 30thBusiness Day following the Settlement Date (the “Final Delivery Date”),Provided Further That if all or a portion of such Undeliverable Obligations or HedgeDisruption Obligations, as the case may be, are not Delivered by the Final Delivery Date, theprovisions of Condition 10(h) shall apply.(h)Partial Cash SettlementIf all or a portion of the Undeliverable Obligations or Hedge Disruption Obligations comprising theAsset Amount are not Delivered by the Final Delivery Date, the Issuer shall give notice (a “CashSettlement Notice”) to the Noteholders in accordance with Condition 19 and the Issuer shall pay inrespect of each Undeliverable Obligation or Hedge Disruption Obligation, as the case may be, theCash Settlement Amount on the Cash Settlement Date.In the Cash Settlement Notice, the Issuer must give details of why it is unable to deliver the relevantUndeliverable Obligations or Hedge Disruption Obligation, as the case may be.Unless otherwise specified in the relevant Final Terms, for the purposes of this Condition 10(h), thefollowing terms are deemed to have the meanings:“Cash Settlement Amount” is deemed to be, for each Undeliverable Obligation or Hedge DisruptionObligation, as the case may be, an amount calculated by the Calculation Agent equal to the greater of(i) (A) the Outstanding Principal Balance, the Due and Payable Amount or the Currency Amount, asapplicable, of each Undeliverable Obligation or Hedge Disruption Obligation, as the case may be,multiplied by (B) the Final Price with respect to such Undeliverable Obligation or Hedge DisruptionObligation, as the case may be, less (C) Unwind Costs, if any (but excluding any Unwind Costsalready taken into account in calculating the relevant Asset Amount), and (ii) zero.“Cash Settlement Date” is deemed to be the date falling three Business Days after the calculation ofthe Final Price.“Indicative Quotation” means, in accordance with the Quotation Method, each quotation obtainedfrom a Quotation Dealer at the Valuation Time for (to the extent reasonably practicable) an amount ofthe Undeliverable Obligation or Hedge Disruption Obligation, as the case may be, equal to theQuotation Amount, which reflects such Quotation Dealer’s reasonable assessment of the price of suchUndeliverable Obligation or Hedge Disruption Obligation, as the case may be, based on such factorsas such Quotation Dealer may consider relevant, which may include historical prices and recoveryrates.“Market Value” means, with respect to an Undeliverable Obligation or Hedge Disruption Obligation,as the case may be, on a Valuation Date, (i) if more than three Full Quotations are obtained, thearithmetic mean of such Full Quotations, disregarding the Full Quotations having the same highestand lowest values (and, if more than one such Full Quotations have the same highest or lowest value,one of such highest or lowest Full Quotations shall be disregarded); (ii) if exactly three FullQuotations are obtained, the Full Quotations remaining after disregarding the highest and lowest FullQuotations (and, if more than one such Full Quotations have the same highest value or lowest value,then one of such highest or lowest Full Quotations shall be disregarded); (iii) if exactly two FullQuotations are obtained, the arithmetic mean of such Full Quotations; (iv) if fewer than two FullQuotations are obtained and a Weighted Average Quotation is obtained, such Weighted AverageQuotation; (v) if Indicative Quotations are specified as applicable in the relevant Final Terms andexactly three Indicative Quotations are obtained, the Indicative Quotation remaining after disregardingthe highest and lowest Indicative Quotations (and, if more than one such Indicative Quotations have178