Basket Return definition
Examples of Basket Return in a sentence
If the Basket Return Payment is determined to be zero or a negative number, then there shall be no Basket Return Payment.
If the Calculation Agent determines that any Calculation Date, including the Basket Return Determination Date, is a Market Disrupted Day, then such Calculation Date shall be postponed to the first succeeding Scheduled Trading Day that is not a Market Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the originally scheduled Calculation Date is a Market Disrupted Day.
The "Basket Return Payment" shall equal (a) (i) the sum of the Weighted Determined Performance Rates for all Calculation Dates multiplied by (b) the principal amount hereof.
On the final Calculation Date (the "Basket Return Determination Date"), the Calculation Agent shall determine the Basket Return Payment.
In the event a Calculation Date does not fall on an Exchange Business Day, such Calculation Date shall be the next succeeding Exchange Business Day, that, if the Calculation Date (as defined in Section 2.2) that is the Basket Return Determination Date does not fall on an Exchange Business Day, such Calculation Date shall be the immediately preceding Exchange Business Day.