Calculation Day definition

Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred.

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Calculation Day means the last day of each calendar month.

Calculation Day means any Trading Day during the Calculation Period on which a Market Disruption Event has not occurred.

Examples of Calculation Day in a sentence

• The respective current index lev- el is calculated by the Index Calculation Agent on a continuous basis during the trading period of the Reference Instrument on the Reference Exchange on each Index Calculation Day, rounded to two dec- imal places and published in accordance with section E).

• This Distribution Rate is then applied to the final Net Asset Value per Share of the Class at the Distribution Calculation Day to calculate the Distribution Amount per Share.

• The Distribution Amount per Share is calculated by multiplying the Net Asset Value per Share at the Distribution Calculation Day by the de-annualised fixed distribution rate.

• If there is only one Calculation Day during the Calculation Period, then the Ending Value will equal the closing value of the Select Ten Index on that Calculation Day.

• The Borrower will not permit its Leverage Ratio to be greater than 3.75 to 1.0 calculated as of the most recent Calculation Day for the applicable Calculation Period; provided, however that if the Liens held by the Agent for the benefit of the Banks upon the Collateral have been released pursuant to Section 2.17(f), then the Borrower's Leverage Ratio shall not be greater than 3.45 to 1.0 calculated as of the most recent Calculation Day for the applicable Calculation Period.

More Definitions of Calculation Day

Calculation Day means, in respect of each Interest Period, each calendar day falling within such Interest Period.

Calculation Day means any Trading Day on which a Market Disruption Event has not occurred.

Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred. An "Index Business Day" is any day on which The New York Stock Exchange (the "NYSE") and the American Stock Exchange (the "AMEX") are open for trading and the Select Ten Index or any Successor Index (as defined below) is calculated and published. All determinations made by the Calculation Agent shall be at the sole discretion of the Calculation Agent and, absent a determination by the Calculation Agent of a manifest error, shall be conclusive for all purposes and binding on the Company and the Holders and beneficial owners of the Notes. Adjustments to the Select Ten Index; Market Disruption Events If at any time the AMEX changes its method of calculating the Select Ten Index, or the value of the Select Ten Index changes, in any material respect, or if the Select Ten Index is in any other way modified so that the Select Ten Index does not, in the opinion of the Calculation Agent, fairly represent the value of the Select Ten Index had those changes or modifications not been made, then, from and after that time, the Calculation Agent shall, at the close of business in New York, New York, on each date that the closing value of the Select Ten Index is to be calculated, make any adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a calculation of a value of a stock index comparable to the Select Ten Index as if those changes or modifications had not been made, and calculate the closing value with reference to the Select Ten Index, as so adjusted. Accordingly, if the method of calculating the Select Ten Index is modified so that the value of the Select Ten Index is a fraction or a multiple of what it would have been if it had not been modified, e.g., due to a split, then the Calculation Agent shall adjust the Select Ten Index in order to arrive at a value of the Select Ten Index as if it had not been modified, e.g., as if the split had not occurred.

Calculation Day means a trading day shortly before the maturity date. The calculation day will be set forth in the term sheet.

Calculation Day means any scheduled trading day during the Maturity Valuation

Calculation Day means, with respect to any Reference Security, any Trading Day (as defined below) during the Calculation Period on which a Market Disruption Event has not occurred.

Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred. For purposes of determining the Ending Index Value, an "Index Business Day" is a day on which The New York Stock Exchange (the "NYSE") and the American Stock Exchange (the "AMEX") are open for trading and the Index or any successor index is calculated and published. All determinations made by the Calculation Agent shall be at the sole discretion of the Calculation Agent and, absent a determination by the Calculation Agent of a manifest error, shall be conclusive for all purposes and binding on the Company and beneficial owners of the Securities.