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.

Refer<strong>en</strong>ce Obligation in relation to a Series, any of the ev<strong>en</strong>ts setforth in paragraph (a) above has occurred with respect to one ormore but not all of the Refer<strong>en</strong>ce Obligations, and the CalculationAg<strong>en</strong>t <strong>de</strong>termines that no Substitute Refer<strong>en</strong>ce Obligation <strong>is</strong>available for one or more of such Refer<strong>en</strong>ce Obligations, eachRefer<strong>en</strong>ce Obligation for which no Substitute Refer<strong>en</strong>ce Obligation<strong>is</strong> available shall cease to be a Refer<strong>en</strong>ce Obligation.(iv)(v)If more than one specific Refer<strong>en</strong>ce Obligation <strong>is</strong> i<strong>de</strong>ntified as aRefer<strong>en</strong>ce Obligation in relation to a Series, any of the ev<strong>en</strong>ts setforth in paragraph (i) above has occurred with respect to all of theRefer<strong>en</strong>ce Obligations, and the Calculation Ag<strong>en</strong>t <strong>de</strong>termines thatat least one Substitute Refer<strong>en</strong>ce Obligation <strong>is</strong> available for anysuch Refer<strong>en</strong>ce Obligation, th<strong>en</strong> each such Refer<strong>en</strong>ce Obligationshall be replaced by a Substitute Refer<strong>en</strong>ce Obligation and eachRefer<strong>en</strong>ce Obligation for which no Substitute Refer<strong>en</strong>ce Obligation<strong>is</strong> available will cease to be a Refer<strong>en</strong>ce Obligation.If:(A)(B)more than one specific Refer<strong>en</strong>ce Obligation <strong>is</strong> i<strong>de</strong>ntifiedas a Refer<strong>en</strong>ce Obligation in relation to a Series, any of theev<strong>en</strong>ts set forth in paragraph (i) above has occurred withrespect to all of the Refer<strong>en</strong>ce Obligations and theCalculation Ag<strong>en</strong>t <strong>de</strong>termines that no Substitute Refer<strong>en</strong>ceObligation <strong>is</strong> available for any of the Refer<strong>en</strong>ceObligations; oronly one specific Refer<strong>en</strong>ce Obligation <strong>is</strong> i<strong>de</strong>ntified as aRefer<strong>en</strong>ce Obligation in relation to a Series, any of theev<strong>en</strong>ts set forth in paragraph (i) above has occurred withrespect to such Refer<strong>en</strong>ce Obligation and the CalculationAg<strong>en</strong>t <strong>de</strong>termines that no Substitute Refer<strong>en</strong>ce Obligation<strong>is</strong> available for that Refer<strong>en</strong>ce Obligation, th<strong>en</strong> theCalculation Ag<strong>en</strong>t shall continue to attempt to i<strong>de</strong>ntify aSubstitute Refer<strong>en</strong>ce Obligation until the later of (A) theScheduled Maturity Date, (B) the Grace Period Ext<strong>en</strong>sionDate (if any) and (C) the Repudiation/MoratoriumEvaluation Date (if any). If (i) either Cash Settlem<strong>en</strong>t <strong>is</strong>specified in the rele<strong>van</strong>t Final Terms and the Cre<strong>dit</strong> Ev<strong>en</strong>tRe<strong>de</strong>mption Amount <strong>is</strong> <strong>de</strong>termined by refer<strong>en</strong>ce to aRefer<strong>en</strong>ce Obligation or Physical Delivery <strong>is</strong> specified inthe rele<strong>van</strong>t Final Terms and the Refer<strong>en</strong>ce Obligation <strong>is</strong>the only Deliverable Obligation and (ii) on or prior to thelater of (A) the Scheduled Maturity Date, (B) the GracePeriod Ext<strong>en</strong>sion Date or (C) the Repudiation/MoratoriumEvaluation Date, a Substitute Refer<strong>en</strong>ce Obligation has notbe<strong>en</strong> i<strong>de</strong>ntified, the Issuer’s obligations un<strong>de</strong>r the Notesshall cease as of the later of (A) the Scheduled MaturityDate, (B) the Grace Period Ext<strong>en</strong>sion Date or (C) theRepudiation/Moratorium Evaluation Date.(vi)For the purposes of i<strong>de</strong>ntification of a Refer<strong>en</strong>ce Obligation, any210

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

Saved successfully!

Ooh no, something went wrong!