AC Calculation Date definition

AC Calculation Date means (i) for the purposes of calculating the SCR only, the Balance Sheet Date and the Quarter End Dates; and (ii) for all other purposes, the Balance Sheet Date;
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Examples of AC Calculation Date in a sentence

  • If the SCR is at least 2.4 in the most-recent Compliance Certificate, the Issuer shall have the right (but not the obligation) to request the relevant custodian (or any other appropriate Person) to release such number of shares from the Security Agreements such that, assuming that those shares had been released from the Security Agreements prior to the AC Calculation Date referred to in that Compliance Certificate, the SCR as of that AC Calculation Date would have been at least 2.4.

  • In that respect, kindly refer to section 7.4(a) below in relation to the Issuer’s obligation to maintain a SCR of at least 2.0 on each AC Calculation Date and to section 8 below in relation to the Issuer’s right to require the removal of certain shares from the Security Agreements.

  • If the SCR is at least 2.4 in the most-recent Compliance Certificate, the Issuer shall have the right (but not the obligation) to request the relevant custodian (or such other appropriate Person) to release such number of shares from the Security Agreements such that, assuming that those shares had been released from the Security Agreements prior to the AC Calculation Date referred to in that Compliance Certificate, the SCR as of that AC Calculation Date would have been at least 2.4.

  • If the SCR is at least 2.4 in the most‐recent Compliance Certificate, the Issuer shall have the right (but not the obligation) to request the relevant custodian (or any other appropriate Person) to release such number of shares from the Security Agreements such that, assuming that those shares had been released from the Security Agreements prior to the AC Calculation Date referred to in that Compliance Certificate, the SCR as of that AC Calculation Date would have been at least 2.4.

Related to AC Calculation Date

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Computation Date is defined in Section 2.04.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Determination Date With respect to any Distribution Date, the 15th day of the month of such Distribution Date or, if such 15th day is not a Business Day, the immediately preceding Business Day.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.