Reference Obligation Nominal Amount definition

Reference Obligation Nominal Amount means an amount in the Specified Currency equal to the Aggregate Principal Amount of the Notes. "Replacement Entitlement" means cash, securities, rights and/or any other asset or entitlement (whether tangible or otherwise) (in each case, whether of the relevant Reference Entity or of a third party) that the Issuer would have received or would have become entitled to receive in relation to an Unscheduled Redemption of the Reference Obligation. § 4ACCELERATION EVENT LINKED PROVISIONS (1) Definition of an Acceleration Event. An "Acceleration Event" means a Reference Obligation Event or a Credit Event. (2) Reference Obligation Event. The following shall apply in relation to a Reference Obligation Event: A "Reference Obligation Event" shall be deemed to have occurred if a Reference Obligation Scheduled Payment Deficiency or an Unscheduled Redemption of the Reference Obligation occurs, as determined by the Calculation Agent. A "Reference Obligation Scheduled Payment Deficiency" means with respect to the Reference Obligation and as determined by the Calculation Agent during the term of the Notes, the occurrence of a deficiency or a discrepancy, for whatever reason, of any scheduled payments on the Reference Obligation. An "Unscheduled Redemption of the Reference Obligation" means with respect to the Reference Obligation, the occurrence during the term of the Notes of a) the redemption or cancellation (in whole or in part) of the Reference Obligation, or any event which has substantially the same effect, but not including a redemption of the Reference Obligation in full on its scheduled redemption date, or b) the exchange or partial exchange of the Reference Obligation for a Replacement Entitlement on or prior to the Reference Obligation’s scheduled redemption date. (3) Credit Event. The following shall apply in relation to a Credit Event: [The following definitions shall apply to a Reference Entity whose reference entity type is European Corporate or North American Corporate or Japanese Corporate: "Scheduled Last Credit Event Observation Date" and the "Last Credit Event Observation Date" is[insert date]. "Credit Event" shall be deemed to have occurred if a Failure to Pay, Bankruptcy or Restructuring [in case of a Reference Entity which is a Financial Reference Entity, insert: or a Governmental Intervention] with respect to the Reference Entity occurs, as determined by the Calculation Agent. "Failure to Pay" means if, after the expiration of any applicable grace p...