Average Index Level definition

Average Index Level means the arithmetic average of the Index Level on each of the Calculation Dates.
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Average Index Level means the arithmetic mean (rounded to the nearest four (4) decimal places, 0.00005 rounded upwards) of the Closing Levels of the Index on each Observation Date, as calculated by the Calculation Agent.
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Average Index Level means, in respect of an Index and an Automatic Early Redemption Valuation Date, a Coupon Trigger Valuation Date or the determination of the Final Redemption Amount (as applicable), the arithmetic average of the Averaging Index Levels relating to such Automatic Early Redemption Valuation Date, Coupon Trigger Valuation Date or (as the case may be) such determination of the Final Redemption Amount, as determined by the Calculation Agent, rounded up to four decimal places (with 0.00005 being rounded up);
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Examples of Average Index Level in a sentence

  • The Average Index Level is therefore 23,625, being (23,000 + 20,000 + 25,000 + 26,500) divided by 4.

  • If the relevant Final Terms specify that the Average Index Level is used to determine the Relevant Level, these levels will be used instead of the Observation Index Level.

  • In order to calculate the Average Index Level, the Calculation Agent will obtain the arithmetic average of the levels of each Index on each of the Averaging Dates.

  • First, the Calculation Agent will calculate the Average Index Level in respect of each constituent Index in the basket.

  • The levels of the Hang Seng Index at the Valuation Time on each of the four Averaging Dates are 23,000, 20,000, 25,000 and 26,500.(1)What is the Average Index Level?In order to calculate the Average Index Level, the Calculation Agent will obtain the arithmetic average of the levels of the Index on each of the four Averaging Dates.

  • In order to calculate the performance of each Index, the Calculation Agent will in respect of each Index divide the relevant Average Index Level by the initial index level of such Index.

  • Average Index Level valuation method If Averaging Dates are specified in the relevant Final Terms, the Calculation Agent will obtain the levels of the Index on those Averaging Dates and calculate the arithmetic average of the levels obtained.

  • If the Monthly Average Index Level is equal to or less than the Initial Index Level, then there shall be no Index Return Payment.

  • The Index Return Payment shall equal: (i) the principal amount hereof; multiplied by (ii) the Upside Participation Rate; multiplied by (iii) a fraction, the numerator of which shall equal the amount, if any, by which the Monthly Average Index Level exceeds the Initial Index Level and the denominator of which is the Initial Index Level.

  • Next, the Calculation Agent will determine the performance of each Index by dividing the relevant Average Index Level of such Index by the initial level of such index and express the outcome as a percentage.


More Definitions of Average Index Level

Average Index Level means the arithmetic average of the highest Closing Level of the Dow Jones Industrial Average in each of the 84 calendar months from and including May 2003 to and including April 2010. The highest Closing Level in any calendar month will be the highest Closing Level on a Trading Day during that calendar month on which there is not a Market Disruption Event.
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Average Index Level means the average of the Index Levels as of the specified Averaging Dates (being nine periodic dates during the term of the Notes); and
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Average Index Level means the arithmetic average of seven annual Closing Levels of the Dow Jones Industrial Average on the last Trading Day of each April beginning April 2005 and ending April 2011. If a Market Disruption Event occurs or is continuing on any such last Trading Day, the Closing Level of the Dow Jones Industrial Average on the first subsequent Trading Day on which there is not a Market Disruption Event will be used to calculate the Average Index Level.
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Average Index Level means the arithmetic average of six annual Closing Levels of the S&P 500 Index on the Measurement Dates.
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Average Index Level means the value of the Index determined in accordance with the following formula:
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Related to Average Index Level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Index year means the earliest calendar year in which the

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Index B means the index for the year prior to index A.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Index A means the index for the year prior to the

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).