Index Ending Level definition

Index Ending Level means the closing level of the Index on the applicable Trading Day.
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Index Ending Level means the closing level of the Index as determined by the Calculation Agent on the Valuation Date; provided, however, that if the Valuation Date occurs on (a) a day that is not a Scheduled Trading Day or (b) a Disrupted Day, then the Index Ending Level shall be the closing level of the Index as determined by the Calculation Agent on the next succeeding Scheduled Trading Day that is not a Disrupted Day. If the determination of the Index Ending Level is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the closing level of the Index on the applicable Valuation Date.
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Examples of Index Ending Level in a sentence

  • In no event, however, will the determination of the Index Ending Level be postponed by more than five Trading Days.

  • Notwithstanding the occurrence of one or more events, which may, in the Calculation Agent’s discretion, constitute a Market Disruption Event, the Calculation Agent in its discretion may waive its right to postpone the determination of the Index Ending Level if it determines that such events have not and are not likely to materially impair its ability to determine the Index Ending Level on such date.

  • In such an event, the Calculation Agent will make a good faith estimate in its sole discretion of the Index Ending Level that would have prevailed in the absence of the Market Disruption Event.

  • If the Index Sponsor discontinues publication of the Index and the Index Sponsor or any other person or entity publishes a substitute index that the Calculation Agent determines is comparable to the Index and approves as a Successor Index, then the Calculation Agent, in its sole discretion, may determine the Index Starting Level, the Index Ending Level or the amount payable on the Stated Maturity Date by reference to such Successor Index.

  • If the Index Sponsor discontinues publication of the Index and the Index Sponsor or any other Person or entity publishes a substitute index that the Calculation Agent determines is comparable to the Index and approves as a Successor Index, then the Calculation Agent, in its sole discretion, may determine the Index Starting Level, the Index Ending Level or the amount payable on the Stated Maturity Date by reference to such Successor Index.

  • In the event that a Valuation Date is postponed until the fifth Trading Day following the scheduled Valuation Date, but a Market Disruption Event occurs and is continuing on such day, that day shall nevertheless be the date on which the Index Ending Level will be determined by the Calculation Agent.

  • Theresa Lloyd and Beth Breeze, 2013.✓ Skill sharing in themed networks, such as the European Venture Philanthropy Association, which represents European organisations (and especially foundations) working in the field of venture philanthropy.

  • In the event the calculation of the Index Ending Level is postponed to the last possible day, but a Market Disruption Event occurs and is continuing on such day, the Calculation Agent shall determine the Index Ending Level on such day by a good faith estimate of the Index Ending Level that would have prevailed in the absence of a Market Disruption Event.

  • In this case, the advertisement was broadcast during the cricket which means it showed in timeslots during the day and not only the later timeslots of the M, MA or AV classification programs.

  • The calculation of the Index Starting Level in the case of March 2003, or any Index Ending Level thereafter, shall not be postponed by more than ten Business Day following the last Business Day of the relevant calendar quarter.


More Definitions of Index Ending Level

Index Ending Level means (a) the average, arithmetic mean, of the closing levels of the Index determined on each of five specified Valuation Days during the Calculation Period, (b) if there are fewer than five Valuation Days in the Calculation Period, the average, arithmetic mean, of the closing levels of the Index on those Valuation Days that occur, or (c) if there is only one Valuation Day in the Calculation Period, the closing level of the Index on that Valuation Day; provided, however that if no Valuation Day occurs during the Calculation Period, then the Index Ending Level means the closing level of the Index on the next succeeding Scheduled Trading Day that is not a Disrupted Day. If no Valuation Day occurs during each of the eight Scheduled Trading Days immediately following the last Scheduled Trading Day in the Calculation Period, then such eighth Scheduled Trading Day shall be the date on which the Index Ending Level shall be determined, and the Calculation Agent shall, in its sole discretion, make a good faith effort to determine the Index Ending Level that would have prevailed in the absence of a Market Disruption Event. If the Valuation Date is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the closing level of the Index as determined by the Calculation Agent on the Valuation Date.
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Index Ending Level means the Index Closing Level on the Observation Date.
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Index Ending Level means either the Nikkei 225SM Index Ending Level or the S&P 500® Index Ending Level, as applicable.
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Index Ending Level means the arithmetic average of the closing levels of the Index determined on each specified Valuation Date; provided, however, that if any specified Valuation Date occurs on (a) a day that is not a Scheduled Trading Day or (b) a Disrupted Day, then such Valuation Date shall occur on the next succeeding Scheduled Trading Day that is not a Disrupted Day, and if each of the eight Scheduled Trading Days immediately following the specified Valuation Date is a Disrupted Day, then such eighth Scheduled Trading Day shall be the date on which the closing level of the Index for such Valuation Date shall be determined. The Calculation Agent shall, in its sole discretion, make a good faith effort to determine the Index Ending Level that would have prevailed in the absence of a Market Disruption Event. If the Final Valuation Date is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the arithmetic average of the Reference Index Closing Levels on the seven Averaging Dates;
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Related to Index Ending Level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Index Debt means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.

  • Index year means the earliest calendar year in which the

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Index B means the index for the year prior to index A.