Cap Level definition

Cap Level means the Cap Level as specified in § 1 of the Product and Underlying Data. "Change in Law" means that due to
Sample 1Sample 2Sample 3
Cap Level means 35.00% return on the Deposit Notes; “Closing Date” means on or about July 8, 2021;
Sample 1
Cap Level has the meaning provided in Section 2.2(d). The Cap Level shall be subject to adjustment in connection with Potential Adjustment Events and Merger Events as provided in Article 7.
Sample 1Sample 2Sample 3

Examples of Cap Level in a sentence

  • The purpose of this special condition is to calculate the licensee’s Assessed Revenue, which is assessed against the Cap Level and Floor Level in accordance with special condition 3 (Cap and Floor Assessment) for each Relevant Assessment Period of the Regime Duration.

  • The CFAap term is a component that provides for the adjustment (whether upwards or downwards) of the Interconnector Revenue as a consequence of the assessment of the licensee’s Assessed Revenue against the Cap Level and Floor Level for each Relevant Assessment Period.

  • The purpose of this condition is to provide for adjustments to the Cap Level and Floor Level in relation to the licensee’s Interconnector availability performance in any Relevant Year.

  • If the Post Construction Review is not completed within the First Year of Operation, we reserve the right to disallow the licensee any Within Period Adjustments until the Post Construction Review is completed and final Cap Level and Floor Level are established.

  • This condition also provides for the calculation of various adjustments to the Cap Level and Floor Level.


More Definitions of Cap Level

Cap Level means the Initial Share Price multiplied by 135% (rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th), as adjusted in accordance with the provisions of Article 7.
Sample 1Sample 2Sample 3
Cap Level means, when the Cap feature applies, the value specified in the relevant Final Terms, expressed as either (i) the product between the Cap Percentage and the Underlying Initial Value, or (ii) a predetermined value.
Sample 1Sample 2Sample 3
Cap Level is specified in the Final Termsheet (where applicable).
Sample 1Sample 2Sample 3
Cap Level has the meaning (where applicable) specified in the Final Termsheet.
Sample 1Sample 2Sample 3
Cap Level means 30.00% return on the Deposit Notes; “Closing Date” means on or about January 10, 2022;
Sample 1
Cap Level means “Cap Level Percentage” x Strike Price
Sample 1
Cap Level. (CLt) means the level of Assessed Revenue for any Relevant Year
Sample 1