Asset Level definition

Asset Level means the level determined by the Calculation Agent as the Index Level and, where applicable, converted from the Reference Currency to the Settlement Currency using mid-price of the exchange rate between the Reference Currency and the relevant Settlement Currency as of the Valuation Time, as determined by the Calculation Agent using the FX Source; and

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Asset Level means the level determined by the Calculation Agent as the arithmetic mean of the Relevant Digital Asset Prices quoted on the Primary Eligible Market Places expressed in the relevant Settlement Currency. The Relevant Digital Asset Prices used are (a), where applicable, first re-calculated from the Reference Currency to the Settlement Currency using mid-price of the exchange rate between the Reference Currency and the relevant Settlement Currency as of the Valuation Time, as determined by the Calculation Agent using the FX Source, and (b) the sum of the four Relevant Digital Asset Prices (as expressed in the Settlement Currency) is divided by four (or, if the number of Relevant Digital Asset Prices is lower than four, such lower number) and the resultant figure equals the Asset Level;

Asset Level means the Converted and Averaged Digital Currency Price (being the arithmetic mean of the Digital Currency Prices quoted on the Primary Eligible Market Places and expressed in the relevant Settlement Currency, as determined by the Calculation Agent pursuant to the provisions this Condition 5.1;

Examples of Asset Level in a sentence

• The Reference Level is the Single Reference Asset Level, the Average Basket Level or the Worst Performer of Basket.

• Seller and Buyer shall work in good faith to resolve any disputes relating to the Asset Level Allocation Statement.

• The Parties agree that they will not, and will not permit any of their respective Affiliates to, take a position (except as required pursuant to any order of a Governmental Body) on any Return or in any audit or examination before any Governmental Body that is in way inconsistent with the final Entity Level Allocation Statement or the Asset Level Allocation Statement (the final Entity Level Allocation Statement and Asset Level Allocation Statement, together, the “Allocation”).

• The Parties agree that they will not, and will not permit any of their respective Affiliates to, take a position (except as required pursuant to any order of a Governmental Body) on any Return or in any audit or examination before any Governmental Body that is in way inconsistent with the final Asset Level Allocation Statement (the final Asset Level Allocation Statement being referred to herein as the “Allocation”).

• Ranking of Security The First Ranking Asset Level Security (as defined in the Credit Facilities Term Sheet) will secure the Senior Debt under the relevant Secured Facilities Agreement on a first priority basis.

• The Bank Finance Parties in respect of each Secured Facilities Agreement may enforce the relevant First Ranking Asset Level Security through the relevant Existing Security Agent in accordance with the terms of the relevant Bank Finance Documents subject to ongoing regular notification to the Common Security Agent and the Noteholders’ Security Agent and keeping them updated at regular intervals on the progress of the enforcement action.

• These three types of reference levels are referred to as "Single Reference Asset Level", "Average Basket Level" or "Worst Performer of Basket" respectively.

• The Case Asset Level, the Surrender Charge and the plan year for each plan determines the applicable percentage rate for both commissions and trail commissions, as well as any takeover compensation for the plan.

• Security Holders The First Ranking Asset Level Security will be held by the existing security agents for the relevant Bank Finance Parties (each an “Existing Security Agent” and together the “Existing Security Agents”) in accordance with the terms of the relevant Bank Finance Documents.

• Level Security Subject to customary affiliate transaction covenant restrictions, there shall be no obligation on the Existing Security Agents and/or Bank Finance Parties or any member of the Group to achieve fair value in any specified way in respect of the First Ranking Asset Level Security, whether for cash or non-cash consideration.

More Definitions of Asset Level

Asset Level means the level determined by the Calculation Agent by determining the price of each component in the relevant Basket of Digital Assets calculated as the “Asset- Level” for a Single Digital Asset above and by applying the relative weight of each component of the relevant Basket of Digital Assets as specified in the relevant Final Terms.

Asset Level means the Closing Level of the relevant Asset.

Asset Level means the [Opening Level] [Closing Level] [Intraday Level] [Observation Level] [observation level] of the relevant Asset. "Asset Lookback" [means the] [Asset Level [on the relevant [Scheduled Observation Date] [Valuation Date] [Calculation Date]] [Average Level], [is as specified in the table below: insert table]. "Average Level" means the arithmetic average of each [Opening Level] [Closing Level] [Intraday Level] [Observation Level] observed by the Determination Agent on each Averaging Date. "Averaging Date" means each of [⚫ ]. "Barrier" means [[⚫] per cent.] [n * [⚫] per cent.] [Asset Initial * [⚫] per cent.] [Asset Initial * n * [⚫] per cent.] [Asset Early * [⚫] per cent.] [Asset Early * n* [⚫] per cent.] [Asset Lookback * [⚫] per cent.] [Asset Lookback * n * [⚫] per cent.]. "Barrier (Early)" means: (a) where Barrier Condition Early (European) is applicable: [[⚫] per cent.] [n * [⚫] per cent.]; or (b) where Barrier Condition Early (Bermudan) is applicable: [[⚫] per cent.] [n * [⚫] per cent.]; or (c) where Barrier Condition Early (American) is applicable: [Asset Initial * [⚫] per cent.] / [Asset Initial * [⚫] per cent. * n]. "Barrier (Final)" means: (a) where Barrier Condition Final (European) is applicable, [⚫] per cent.; or (b) where Barrier Condition Final (American) is applicable, Asset Initial * [⚫] per cent. "Barrier Condition" shall mean [Barrier Condition Early] [Barrier Condition Final]. "Barrier Condition Early" shall mean [Barrier Condition Early (European)] [Barrier Condition Early (Bermudan)] [Barrier Condition Early (American)]. "Barrier Condition Early (American)" shall be deemed satisfied if the Determination Agent determines that on [each ] [any] [Scheduled Observation Date] [Valuation Date] [Calculation Date] [related to the relevant Barrier Early Calculation Date] the Asset Level of [each] [any] [the] [Basket] Asset is at [all] [the] [any] time[s] greater than [orequal to] Barrier (Early). "Barrier Condition Early (Bermudan)" shall be deemed satisfied if the Determination Agent determines that on any [Scheduled Observation Date] [Valuation Date] [Calculation Date] [during the Observation Period], Asset Early Performance is greater than [or equal to] Barrier (Early). "Barrier Condition Early (European)" shall be deemed satisfied if the Determination Agent determines that on [the relevant] [each] [Scheduled Observation Date] [Valuation Date] [Calculation Date], Asset Early Performance is greater than [or equal to] Barrier (Early). "Barri...

Asset Level means the [Opening Level] [Closing Level] [Intraday Level] [Observation Level] of the relevant Asset.

Asset Level means, in respect of any Scheduled Trading Day and: