10.07.2015 Views

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

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

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

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

(ii)(iii)where “Grace Period Ext<strong>en</strong>sion” <strong>is</strong> specified as applicable in therele<strong>van</strong>t Final Terms, the Grace Period Ext<strong>en</strong>sion Date if (A) theCre<strong>dit</strong> Ev<strong>en</strong>t that <strong>is</strong> the subject of the Cre<strong>dit</strong> Ev<strong>en</strong>t Notice <strong>is</strong> aFailure to Pay that occurs after the Scheduled Maturity Date; and (B)the Pot<strong>en</strong>tial Failure to Pay with respect to such Failure to Payoccurs at or prior to 11.59 p.m., Gre<strong>en</strong>wich Mean Time, on theScheduled Maturity Date; andthe Repudiation/Moratorium Evaluation Date if:(A)(B)(C)the Cre<strong>dit</strong> Ev<strong>en</strong>t that <strong>is</strong> the subject of the Cre<strong>dit</strong> Ev<strong>en</strong>t Notice<strong>is</strong> a Repudiation/Moratorium that occurs after the ScheduledMaturity Date;the Pot<strong>en</strong>tial Repudiation/Moratorium with respect to suchRepudiation/Moratorium occurs at or prior to 11.59 p.m.,Gre<strong>en</strong>wich Mean Time, on the Scheduled Maturity Date; andthe Repudiation/Moratorium Ext<strong>en</strong>sion Con<strong>dit</strong>ion <strong>is</strong> sat<strong>is</strong>fied.A Cre<strong>dit</strong> Ev<strong>en</strong>t Notice must contain a <strong>de</strong>scription in reasonable <strong>de</strong>tail of thefacts rele<strong>van</strong>t to the <strong>de</strong>termination that a Cre<strong>dit</strong> Ev<strong>en</strong>t has occurred. TheCre<strong>dit</strong> Ev<strong>en</strong>t that <strong>is</strong> the subject of the Cre<strong>dit</strong> Ev<strong>en</strong>t Notice need not becontinuing on the date the Cre<strong>dit</strong> Ev<strong>en</strong>t Notice <strong>is</strong> effective. A Cre<strong>dit</strong> Ev<strong>en</strong>tNotice shall be subject to the requirem<strong>en</strong>ts regarding notices set out inCon<strong>dit</strong>ion 10(m).“Cre<strong>dit</strong> Ev<strong>en</strong>t Re<strong>de</strong>mptionAmount”means the amount specified as such in the rele<strong>van</strong>t Final Terms or, if nosuch amount <strong>is</strong> specified in the rele<strong>van</strong>t Final Terms, an amount calculatedby the Calculation Ag<strong>en</strong>t equal to:(A x B) − Cwhere:A <strong>is</strong> the lowest Specified D<strong>en</strong>omination;B <strong>is</strong> the Final Price; andC <strong>is</strong> Unwind Costs,provi<strong>de</strong>d that in no ev<strong>en</strong>t shall the Cre<strong>dit</strong> Ev<strong>en</strong>t Re<strong>de</strong>mption Amount be lessthan zero.“Cre<strong>dit</strong> Ev<strong>en</strong>t Re<strong>de</strong>mptionDate”“Curr<strong>en</strong>cy Amount”means the day falling the number of Business Days specified in the rele<strong>van</strong>tFinal Terms after the calculation of the Final Price.means, wh<strong>en</strong>ever an amount <strong>is</strong> <strong>de</strong>nominated in a curr<strong>en</strong>cy other than theSettlem<strong>en</strong>t Curr<strong>en</strong>cy and <strong>is</strong> specified to be <strong>de</strong>termined by refer<strong>en</strong>ce to aCurr<strong>en</strong>cy Amount, such amount converted to the rele<strong>van</strong>t Settlem<strong>en</strong>tCurr<strong>en</strong>cy using the Curr<strong>en</strong>cy Rate.185

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!