Merger Event Settlement Amount definition
Merger Event Settlement Amount means such amount as in the opinion of the Calculation Agent (such opinion to be made in its sole and absolute discretion) is fair in the circumstances by way of compensation for the termination of the Notes;
Merger Event Settlement Amount means in respect of each Security, an amount equal to the fair market value of such Security, on such day as is selected by the Determination Agent in its sole and absolute discretion, less the proportion attributable to that Security of the reasonable cost to the Issuer and/or any Affiliate of, or the loss realised by the Issuer and/or any Affiliate on, unwinding any related hedging arrangements, all as calculated by the Determination Agent in its sole and absolute discretion.
Merger Event Settlement Amount means in respect of each Note, an amount equal to the fair market value of such Note, on such day as is selected by the Determination Agent in its sole and absolute discretion (provided that such day is not more than 15 days before the date fixed for redemption of the Note), less the proportion attributable to that Note of the reasonable cost to the Issuer and/or any Affiliate of, or the loss realised by the Issuer and/or any Affiliate on, unwinding any related hedging arrangements, all as calculated by the Determination Agent in its sole and absolute discretion.
Examples of Merger Event Settlement Amount in a sentence
If the Issuer determines that the relevant Notes should be redeemed early, then the relevant Notes shall be so redeemed and the relevant Issuer’s obligations under the Notes shall be satisfied in full upon payment of the Merger Event Settlement Amount on the Early Redemption Payment Date.
More Definitions of Merger Event Settlement Amount
Merger Event Settlement Amount means in respect of each Note, an amount equal to the Redemption Amount.
Merger Event Settlement Amount means an amount which the Determination Agent, in its sole and absolute discretion, determines is the fair value to the Securityholder of a Security with terms that would preserve for the Securityholder the economic equivalent of any payment or delivery (assuming satisfaction of each applicable condition precedent) to which the Securityholder would have been entitled under the relevant Security after that date but for the occurrence of the Merger Eventless the cost to the Issuer of, or the loss
Merger Event Settlement Amount means an amount which the Calculation Agent in its sole and absolute discretion, determines is the fair value to the Structured Note Holder of a Structured Note with terms that would preserve for the Structured Note Holder the economic equivalent of any payment or delivery (assuming satisfaction of each applicable condition precedent) to which the Structured Note Holder would have been entitled under the relevant Structured Note after that date but for the occurrence of the Merger Event.
Merger Event Settlement Amount means an amount, as determined by the Calculation Agent in its sole and absolute discretion, which represents the fair value of a Warrant that would preserve for the Warrantholder the economic equivalent of any payment or delivery (assuming satisfaction of each applicable condition precedent) to which the Warrantholder would have been entitled under the Warrant after that date but for the occurrence of the Merger Event.
Merger Event Settlement Amount means in respect of each Note, an amount equal to the fair value of such Note, on such day as is selected by the Determination Agent in its sole and absolute discretion, less the proportion attributable to that Note of the reasonable cost to the Issuer of, or the loss realised by the Issuer on, unwinding any related hedging arrangements, all as calculated by the Determination Agent in its sole and absolute discretion.