Crystallisation Date definition

Crystallisation Date means the date on which the Member ceases to be in Pensionable Service.
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Crystallisation Date means 31 May 2023 or such earlier date as may be provided for under the Plan. “Daily Official List” means the Daily Official List of the London Stock Exchange.
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Crystallisation Date has the meaning given in Clause 5.4.4; “Distributions” has the meaning given in the Credit Agreement; “Eligible Refinancing” means a Refinancing:
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Examples of Crystallisation Date in a sentence

  • However, if a new Share Class is launched after 1 January in any calendar year, the Performance Fee Period for the first year will be shorter than one calendar year and the performance fee will crystallise at the Crystallisation Date of that calendar year.

  • Each preceding decline in the unswung Net Asset Value per Share of the respective Share Class against the higher between the Hurdle- Rate-Index-Value and the High Watermark in the five Accounting Years preceding the Crystallisation Date (as defined below) must be offset by a further increase of the unswung Net Asset Value per Share of the respective Share Class above the last value at which a Performance Fee was incurred.

  • For the avoidance of doubt it is intended that, where the Crystallisation Date occurs on the first day of a Scheme Year, there shall be no increase under paragraph (c).

  • A performance fee may only be charged to the Subfund on any Crystallisation Date , if the cumulative, relative performance of the Subfund exceeds the previously defined relative high water mark.

  • Relative high water mark The outperformance, which was taken as the basis for calculating the Performance Fee on the last Crystallisation Date, defines the new relative level of outperformance (principle of the relative high water mark).

  • A price to earnings ratio of 15 is broadly equivalent to the ratio applicable to Melrose prior to the impact of COVID-19.be received by the Chief Executive on the Crystallisation Date and in the two subsequent calendar years, based on a range of notional Share Prices as at the Crystallisation Date, is set out below8.

  • On the Crystallisation Date, the accrued Performance Fee is crystallized and paid out to the Investment Manager.

  • Each preceding decline in the unswung Net Asset Value per Share of the respective Share Class against the higher between the Hurdle-Rate-Index-Value and the High Watermark in the five Accounting Years preceding the Crystallisation Date (as defined below) must be offset by a further increase of the unswung Net Asset Value per Share of the respective Share Class above the last value at which a Performance Fee was incurred.

  • All payments will be payable in accordance with the normal payroll practices of the Company, and will be subject to legally required and otherwise authorized withholdings.

  • As soon as practicable after the Crystallisation Date, the Grantor will grant Share Element awards as determined in Rule6.4. The Share Element will be granted in the form of Options or Conditional Share Awards as determined by the Committee.


More Definitions of Crystallisation Date

Crystallisation Date means the date on which a Crystallisation Event occurs.
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Crystallisation Date means, in relation to any Share Rights, the first day following the end of the Measurement Period for those Share Rights.
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Crystallisation Date. , in relation to a property, means —
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Related to Crystallisation Date

  • Floating Charge means a charge that, as created, was a floating charge;

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Ca l Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:

  • Instantaneous rate of discharge of oil content means the rate of discharge of oil in litres per hour at any instant divided by the speed of the ship in knots at the same instant.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • Market Capitalisation means the market capitalization of the issuer of the relevant share. It is displayed in Bloomberg under the mnemonic “CUR_MKT_CAP * FX” (2) On each Collateral Test Date, the total market value of all shares which are issued by financial companies shall not exceed 35% of the Collateral Reference Amount of the Secured Notes.

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • Final Disruption Date has the meaning provided in Annex A to this Confirmation. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date, the Calculation Agent, acting commercially reasonably, may determine that such Expiration Date is a Disrupted Day only in part, in which case (i) the Calculation Agent shall make commercially reasonable adjustments to the Number of Warrants for the relevant Component for which such day shall be the Expiration Date and shall designate the Scheduled Trading Day determined in the manner described in the second preceding sentence as the Expiration Date for the remaining Warrants for such Component, and (ii) the VWAP Price for such Disrupted Day shall be determined by the Calculation Agent based on transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event on such day. Any Scheduled Trading Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be a Scheduled Trading Day; if a closure of the Exchange prior to its normal close of trading on any Scheduled Trading Day is scheduled following the date hereof, but prior to the open of the regular trading session of the Exchange on such day, then such Scheduled Trading Day shall be deemed to be a Disrupted Day in full. Section 6.6 of the Equity Definitions shall not apply to any Valuation Date occurring in respect of an Expiration Date.

  • Credit Event Upon Merger has the meaning specified in Section 5(b).

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Fixed Day Count Fraction means, in respect of the calculation of an amount of interest in accordance with this Condition 4(a):

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

  • Monthly Recurring Charge or “MRC” shall mean the monthly recurring charges for the Service as set out in the Customer Order Form or COF;

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Maximum daily discharge limitation means the highest allowable “daily discharge.”