Forward Price definition
Forward Price. On the Effective Date, the Initial Forward Price, and on any other day thereafter, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $81.87175 per Share.
Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, (1) the Forward Price as of the immediately preceding calendar day multiplied by (2) the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD 36.26 per Share Daily Rate: For any day, (i)(A) the Overnight Bank Rate for such day minus (B) the Spread divided by (ii) 365. Overnight Bank Rate: For any day, the rate set forth for such day opposite the caption “Overnight bank funding rate”, as such rate is displayed on Bloomberg Screen “OBFR01”, or any successor page; provided that, if no rate appears for a particular day on such page, the rate for the first immediately preceding day for which a rate does so appear shall be used for such day. Spread: 0.75% Forward Price Reduction Dates: Each date (other than the Trade Date) set forth on Schedule I hereto under the heading “Forward Price Reduction Date.”
Forward Price means the rate of exchange at which one Party agrees to purchase an agreed amount in one Permitted Currency against the sale by it to the other Party of an agreed amount in another Permitted Currency;
Examples of Forward Price in a sentence
Physical Settlement Amount: In respect of any Transaction and for any Settlement Date for such Transaction in respect of which Physical Settlement applies, an amount in cash equal to the product of (i) the Forward Price for such Transaction on such Settlement Date and (ii) the number of Settlement Shares for such Transaction for such Settlement Date.
More Definitions of Forward Price
Forward Price means a price calculated by reference to the valuation point next following the manager’s agreement to issue or, as the case may be, to redeem the units in question;
Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 plus (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Price in effect on such date shall be the Forward Price otherwise in effect on such date minus the Forward Price Reduction Amount for such Forward Price Reduction date, provided further that if the Underwriters purchase any Borrowed Optional Securities (as defined in the Underwriting Agreement) from Party A pursuant to Section 3(e) of the Underwriting Agreement, on the Optional Closing Date (as defined in the Underwriting Agreement), the Forward Price on such date shall be the Initial Forward Price if the Optional Closing Date is the Effective Date, or if the Optional Closing Date occurs after the Effective Date, the Forward Price on such date shall be as a result of the following formula: [BA’ x FP x (1 + DR)] + (OS x IFP) where: BA’ = the Base Shares prior to increase thereof as described opposite the caption “Base Shares” above; FP = the Forward Price on the date immediately preceding such Optional Closing Date; DR = the Daily Rate for such day; OS = the number of Borrowed Optional Securities so purchased from Party A; IFP = the Initial Forward Price (as such Initial Forward Price may be reduced by the Forward Reduction Amount on any Forward Reduction Date that occurs on or prior to the Optional Closing Date); and BA’’ = the Base Shares after increase thereof as described above opposite the caption “Base Shares” above. Initial Forward Price: USD21.857 per Share Daily Rate: For any day, (i)(A) USD-Federal Funds Rate for such day minus (B) the Spread divided by (ii) 360. USD-Federal Funds Rate: For any day, the rate set forth for such day opposite the caption “Federal funds”, as such rate is displayed on the page “FedsOpen <Index> <GO>” on the BLOOMBERG Professional Service, or any successor page; provided that if no rate appears on any day on such page, the rate for the immediately preceding day on which a rate appears shall be used for such day. Spread: 1.10% Forward Price Reduction Date: Each of August 18, 2006, November 17, 2006, February 15, 2007, May 18, 2007, August 17, 2007, November 16, 2007, February 15, 2008, and May 16, 2008.
Forward Price. On the Hedge Completion Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date.
Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date; and provided, further, that if the Base Amount is increased in respect of any Borrowed Option Shares, then the Forward Price shall be adjusted by the Calculation Agent on the Date of Delivery for such Borrowed Option Shares to account for the fact that the application of the Daily Rate under this clause shall not apply prior to such Date of Delivery with respect to the applicable Additional Base Amount Initial Forward Price: USD 68.40 per Share.
Forward Price. On the Effective Date, the Initial Forward Price, and, on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 plus (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD33.9859 per Share, which is equal to the related public offering price less the underwriting discount. Daily Rate: For any day, (i)(A) USD-Federal Funds Rate for such day minus (B) the Spread divided by (ii) 365. USD-Federal Funds Rate: For any day, the rate set forth for such day opposite the caption "Federal funds", as such rate is displayed on the page "FedsOpen <Index> <GO>" on the BLOOMBERG Professional Service, or any successor page; provided that if no rate appears for any day on such page, the rate for the immediately preceding day for which a rate does so appear shall be used for such day. Spread: 0.35%
Forward Price. – means the price extracted from the Forward Curve and used in the daily Mark-to- Market Valuation and margining processes as defined in Section D-202.
Forward Price. A price per Share (as determined by the Calculation Agent) equal to (i) the arithmetic mean (not a weighted average) of the 10b-18 VWAP on each Trading Day during the Calculation Period minus (ii) the Discount. Discount: As specified in Schedule I