Examples of Index Commencement Date in a sentence
The Index Fee will be levied on each calendar day, starting on the Index Commencement Date, and will be calculated as the product of 0.50% per annum (on the basis of a year comprising 360 days) and the relevant Official Index Closing Level, i.e. 0.001389% (= 0.50% / 360) of the Index level per calendar day.
Although when calculating the Index the Index Calculation Agent intends to adhere to the Index Description from the Index Commencement Date on, it cannot be ruled out that tax, regulatory, statutory, economic or other circumstances may require subsequent deviation from or amendments to the Index Description so as to ensure that the purpose of the Index can be continued to be achieved to the largest extent possible.
The Index will initially be calculated on the Index Commencement Date.From the time at which the first price of the Futures Contract is determined on the Index Commencement Date, the Index Calculation Agent shall calculate the level (price) of the Index on each Index Calculation Day.
The Index Calculation Agent starts the calculation of the Index on the Index Commencement Date.