Average Level definition

Average Level means the arithmetic average of each [Opening Level] [Closing Level] [Intraday Level] [Observation Level] observed by the Calculation Agent on each Averaging Date.
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Average Level means the arithmetic average of each [Opening Level] [Closing Level] [Intraday Level] [Observation Level] observed by the Calculation 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 Calculation 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 [or equal to] Barrier (Early). "Barrier Condition Early (Bermudan)" shall be deemed satisfied if the Calculation 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 Calculation 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). "Barrier Condition Final" shall mean [Barrier Condition Final (European)] [Barrier Condition Final (American)]. "Barrier Condition Final (American)" shall be deemed satisfied if the Calculation Agent determines that on [each] [any] [Scheduled Observation Date] [Valuation Date] [Calculation Date] the Asset Level of [each] [any] [the] [Basket] Asse...
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Average Level means the arithmetic mean of the Index Levels observed on each Averaging Date (as defined in paragraph 28.6 below), i.e. the sum of the Index Levels observed on each of the five (5) Averaging Dates divided by five (5).
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Examples of Average Level in a sentence

  • The Average Level is determined by randomly selecting at least 5 samples from 5 different lots of Covered Products (or the maximum number of lots available for testing if less than 5) during a testing period of at least 60 days.

  • The Calculation Agent shall determine the Level of the Underlying Basket on each Calculation Date, the Average Level of the Underlying Basket and the Maturity Payment Amount payable for each Security.

  • The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Average Level, the Average Index Return, the Supplemental Redemption Amount, Market Disruption Events, Successor Indices, and Business Days.

  • The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Average Level, the Average Basket Return, the Supplemental Redemption Amount, Market Disruption Events, and Business Days.

  • The Calculation Agent shall also be responsible for (a) the determination of the Level of the Underlying Basket on each Calculation Date, (b) the determination of the Average Level of the Underlying Basket, (c) determining if any adjustments to the Underlying Basket and/or the Multipliers should be made and (d) whether a Market Disruption Event has occurred.

  • The Average Level is determined by randomly selecting at least 5 samples from 5 different lots of Products (or the maximum number of lots available for testing if less than 5) during a testing period of at least 60 days.

  • The Parties agree that this Section 4.2.5.2 is satisfied if Settling Defendants can demonstrate that the type of Covered Product at issue in the Notice of Violation satisfies the applicable Average Level.

  • Each of these six closing levels is referred to as an "Annual Valuation Level." The arithmetic average of these six Annual Valuation Levels (the sum of the six Annual Valuation Levels, divided by 6) will be the "Average Level." The "closing level" of the S&P 500® Index on any Business Day (as defined below) means the level of the S&P 500® Index at the regular official weekday close of any and all relevant exchanges and/or markets.

  • Sub-vendor Management (Selection, Performance) Failure to perform at an above Average Level or non-performance of any of the above criteria may result in termination or non-renewal of the Agreement.

  • Each of these five closing levels is referred to as an "Annual Valuation Level." The arithmetic average of these five Annual Valuation Levels (the sum of the five Annual Valuation Levels, divided by 5) will be the "Average Level." The "closing level" of the S&P 500® Index on any Business Day (as defined below) means the level of the S&P 500® Index at the regular official weekday close of any and all relevant exchanges and/or markets.


More Definitions of Average Level

Average Level means for each Market Sector the average of the Levels of the Market Sector on the Market Direction Assessment Date over (i) the last 12 Market Direction Assessment Dates including the current Market Direction Assessment Date for Developed Equities Market, European and Asian Real Estate Equities Market and Gold Market, and
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Average Level means the arithmetic average of Compounding Levelm on each of the Averaging Dates; and
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Average Level means the arithmetic average of each Closing Level observed by the Calculation Agent on each Averaging Date.
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Related to Average 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 Index at 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), all as determined by the Calculation Agent.

  • Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period.

  • Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;

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