Closing Calculation definition

Closing Calculation has the meaning set forth in Section 3.2(a). 

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time.

Closing Calculation means, in respect of a Business Day, the calculation of the Indices at the Fixing time. “Fixing Time” means, in respect of each Business Day and each Index, 10:00 PM CET.

Examples of Closing Calculation in a sentence

• The Closing Calculation is conducted based on the most recent settlement price.

• In case there is no settlement price available during the time of the Closing Calculation, the most recent one is used.

• If PubCo and Sponsor agree in writing to make any modification to the Closing Calculation as set out in the Notice, then such Closing Calculation as so agreed by PubCo and Sponsor to be modified shall be deemed to be the Closing Calculation for the purposes of determining the number of Shares issuable to Sponsor pursuant to Section 2 of this Agreement at the Closing.

• The Closing Calculation is conducted based on the settlement price of the respective asset.

• During the three (3)-day period following PubCo’s receipt of the Notice, Sponsor shall consider in good faith any reasonable comments of PubCo relating to the Closing Calculation as set out in the Notice.

More Definitions of Closing Calculation

Closing Calculation has the meaning set forth in Section 4.1(d)(i).

Closing Calculation means, in respect of a Business Day, the calculation which takes place at least 15 minutes after the settlement price of the corresponding underlying commodity asset of such Business Day is available.

Closing Calculation has the meaning specified in Section 2.1(b).

Closing Calculation means, in respect of a Business Day, the calculation which takes place when the settlement price of the corresponding underlying future of such Business Day is published.

Closing Calculation has the meaning ascribed thereto in Section 2.6(1).

Closing Calculation shall have the meaning given to such term in Section 2.6;

Closing Calculation has the meaning set forth in Section 3.3(d) of ------------------- this Agreement.