Index Cancellation definition
Examples of Index Cancellation in a sentence
The Calculation Agent has broad discretion to make certain determinations and adjustments, to replace the original Reference Asset with another and/or to cause early redemption or termination of the Securities in connection with Index Modification, Index Cancellation and Index Disruption, any of which may be adverse to Holders.
Following the occurrence of any Index Cancellation the Calculation Agent shall apply Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.
The official closing level of the Index at the Valuation Time on the Valuation Date Asset 2 Settlement Price: The Swap Rate on the Valuation Date Index Cancellation: Cancellation Determination) and Payment (Calculation Agent Index Modification: Cancellation Determination) and Payment (Calculation Agent Index Disruption: Calculation Agent Adjustment; provided that if an Index Disruption occurs on a day that is also a Disrupted Day, Consequences of Disrupted Days shall apply.
If an Index Modification or Index Cancellation occurs, the Calculation Agent will make one or more adjustments as provided in Section 11.2(b) of the Equity Definitions (without regard to the words “diluting or concentrative” in the second sentence, adding the words “or futures contracts” after each use of the word “options”, and the replacement of the word “Share” or “Shares” with “Index” or “Indices”).
Index Cancellation: Related Exchange Adjustment, unless no Exchange-traded Contract is traded on the Related Exchange as of the date of such Index Adjustment Event, in which case Cancellation and Payment applies.