Reference Agent definition
Examples of Reference Agent in a sentence
Observation Price shall mean the price of the Underlying determined and published by the Reference Agent.
In acting under the Agency Agreement, the Agent, the Paying Agents, the Transfer Agents, the Registrar, the HK Reference Agent and the HK Lodging Agent act solely as agents of the Issuer and the Guarantor and, in certain circumstances specified therein, of the Trustee and do not assume any obligation to, or relationship of trust with, any Noteholders.
The names of the initial Agent and the other initial Paying Agents and of the HK Reference Agent, the HK Lodging Agents, the Transfer Agents and the Registrar and their initial offices are set out below.
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately.
For the purpose of determining whether the Observation Price touches or falls below the Current Knock-Out Barrier, each determination of the price of the Underlying by the Reference Agent during the Observation Period shall be relevant.