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

“Currency Rate”means:(i) the rate determined by the Calculation Agent equal to the rate ofconversion of the currency of the Deliverable Obligation into theSettlement Currency by reference to:(A)(B)if the Settlement Currency is U.S. dollars, the Federal ReserveBank of New York 10.00 a.m. (New York time) mid point rateas displayed on Reuters page FEDSPOT on the date that theNotice of Physical Settlement is deemed given, or on such dateand in such other commercially reasonable manner as it shalldetermine; orif the Settlement Currency is euro, the MEAN price as displayedon Reuters Page EUROFX/1 as of 12.00 p.m. (British StandardTime) on the date that the Notice of Physical Settlement isdeemed given, or on such date and in such other commerciallyreasonable manner as it shall determine; or(ii) if the Settlement Currency is not U.S. dollars or euro, the ratedetermined by the Calculation Agent in its sole and absolute discretionin a commercially reasonable manner.“Default Requirement”“Deliver”means the amount specified as such in the relevant Final Terms or itsequivalent in the relevant Obligation Currency or, if a Default Requirementis not specified in the relevant Final Terms, USD 10,000,000, or itsequivalent as calculated by the Calculation Agent in the relevant ObligationCurrency, in either case, as of the occurrence of the relevant Credit Event.means to deliver, novate, transfer (including, in the case of a QualifyingGuarantee, transfer of the benefit of the Qualifying Guarantee), assign orsell, as appropriate, in the manner customary for the settlement of theapplicable Deliverable Obligations (which shall include executing allnecessary documentation and taking any other necessary actions), in order toconvey all right, title and interest in the Asset Amount to the relevantNoteholder free and clear of any and all liens, charges, claims orencumbrances (including, without limitation, any counterclaim, defence(other than a counterclaim or defence based on the factors set out in (i) to(ii) in the definition of “Credit Event” above) or right of set-off by or of theReference Entity or, as applicable, an Underlying Obligor) provided that ifall or a portion of the Asset Amount consists of Direct Loan Participations,“Deliver” means to create (or procure the creation) of a participation infavour of the relevant Noteholder and, to the extent that the DeliverableObligations consist of Qualifying Guarantees, “Deliver” means to Deliverboth the Qualifying Guarantee and the Underlying Obligation. “Delivery”and “Delivered” will be construed accordingly. In the case of a Loan,Delivery shall be effected using documentation substantially in the form ofthe documentation customarily used in the relevant market for Delivery ofsuch Loan at that time.186