Examples of Calculation Days in a sentence
If there are fewer than five Calculation Days during the Calculation Period, then the Ending Value shall equal the average of the closing levels of the Index on those Calculation Days.
If no Calculation Days occur during the Calculation Period, then the Ending Value shall equal the closing level of the Index determined on the last scheduled Index Business Day in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on that scheduled Index Business Day.
If the Ending Value is equal to or less than the Starting Value:Principal Amount ×(Ending Value)Starting ValueThe “Ending Value” shall be determined by the Calculation Agent and shall equal the average of the closing levels of the Index determined on each of the first five Calculation Days (as defined below) during the Calculation Period (as defined below).
If the Ending Value is equal to or less than the Starting Value:Principal Amount × Ending Value Starting Value The “Ending Value” shall be determined by the Calculation Agent and shall equal the average of the closing levels of the Index determined on each of the first five Calculation Days (as defined below) during the Calculation Period (as defined below).
Subsequent Monthly Calculation Days are the same day for each month thereafter or, if such day does not fall within a given month, the last day of that month will be the Monthly Calculation Day.
If there are fewer Calculation Days during the Calculation Period than scheduled, then the Ending Value shall equal the average of the closing levels of the Market Measure on those Calculation Days.
If the second date falls on the 31st, it is changed to the 30th, but only if the first date falls on the 30th or the 31st.• Business/252 – Used exclusively in Brazilian Interest Rate Swaps, 252-Business-Day – Calculation Days / 252, where Calculation Days means the number of Brazil Business Days (each such day a “Scheduled Reset Date”) from and including the Effective Date (which is equal to the Trade Date) to, but not including, the Termination Date.
The timing and exact number of Calculation Days in the Calculation Period, which may be one or more, will be set forth in the applicable term sheet.
At the sole discretion of the Directors, further Valuation Days and Calculation Days may be determined, if significant Subscriptions and / or Redemptions are existent.In the case, that the main markets in which the fund trades are closed on this day, the Valuation Day shall be the day before.
If no Calculation Days occur during the Calculation Period, then the Ending Value shall equal the closing level of the Index determined (or, if not determinable, estimated by the Calculation Agent in a manner which it considers commercially reasonable under the circumstances) on the last scheduled Index Business Day in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on that scheduled Index Business Day.