Markit Index definition

Markit Index means, at any date of determination, the Markit CDX.NA.IG Series 11 or any successor series (5 Year Period) as available on such date to the applicable office of the Administrative Agent. If the Markit Index is unavailable as of the date any determination of the Applicable Margin is to occur, the Company and the Lenders will negotiate in good faith to agree on an alternative method for establishing the Applicable Margin for any affected Borrowing. Until the earlier of (i) the time at which such an alternative method is agreed upon or (ii) thirty days after the date on which the Markit Index became unavailable (such thirty-day period, the “Negotiation Period”), the interest payable per annum with respect to Eurocurrency Standby Loans and ABR Loans (to the extent the Applicable Margin thereon is greater than zero) in such Borrowing will be based upon the Applicable Margin calculated using the last available quote of the Markit Index. If no such alternative method is agreed upon during the Negotiation Period, Eurocurrency Standby Loans will convert to ABR Loans on the last day of the applicable Interest Period and the interest rate per annum will be the Alternate Base Rate plus the Applicable Margin calculated using the last available quote of the Markit Index.
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Markit Index means, at any date of determination, the Markit CDX.NA.IG Series 11 or any successor series (5 Year Period) as available on such date to the applicable office of the Administrative Agent. If the Markit Index is unavailable as of the date any determination of the
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Examples of Markit Index in a sentence

  • If Markit decides to revise the Markit Index values, the reason for the revision together with revised material will be published.

  • Series 1 of CDX Markit Index was rolled out in October 2003.yields, but not the longer maturities, than low CDS bonds.

  • To assure that bonds in our sample have liquid CDSs we constrain the sample to bonds that had been part of CDX Markit Index, one of the primary tradable index families.

  • Due to the performance-based nature of the current investment advisory fee, the investment advisory fee rate paid by the Fund following the Amended Agreement taking effect may be higher or lower than the current investment advisory fee rate from time to time, depending on the Fund’s performance as compared to the Markit Index and the level of assets in the Fund.

  • The Markit Index Sponsor shall not be liable (whether in negligence or otherwise) to any person for any error in the Markit Index, and the Markit Index Sponsor is under no obligation to advise any person of any error therein.

  • The fixed rates established in subsection (3) of this section shall be increased or de- creased based on the IHS Markit Index rate of inflation indicator for the nursing facility services for each rate year.

  • Source: ABX Marketing Presentation, Markit Index Co., January 2006.based on anticipation of these future credit events.

  • This process is electronic and completed online at www.sproc.net.

  • These risks include counterparty risk and the impact that securities lending will have on the tracking error of index tracking ETFs. 6 Provided by Markit Index Management Service Further, we believe that UCITS ETFs should disclose the fees that they generate from securities lending.

  • Growth in Egypt has been largely concentrated in the state sector, while the non-oil private sector contracted in nearly every month of 2019 (IHS Markit Index as cited in Werr, 2020).

Related to Markit Index

  • CMT Index Not applicable.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • CPI Index means the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, U.S. City Average, “All Items” (1982-84 = 100), or any successor index thereof as such successor index may be appropriately adjusted to establish substantial equivalence with the Consumer Price Index; provided that if the Consumer Price Index ceases to be published and there is no successor thereto, such other index as the Company shall designate in writing to the Trustee shall be substituted for the Consumer Price Index.

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • Financial Markets means international financial markets in which currency and other financial assets exchange rates are determined in multi-party trade.

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Index Group means the NASDAQ Bank Index.

  • Index With respect to each Adjustable Rate Mortgage Loan and with respect to each related Adjustment Date, the index as specified in the related Mortgage Note.

  • SOFR IndexEnd means the SOFR Index value on the day which is five U.S. Government Securities Business Days preceding the Interest Payment Date relating to such Interest Period (or in the final Interest Period, the Maturity Date).

  • Underlying Index means each of the S&P 500 Index, the Russell 2000 Index, the MSCI EAFE Index and the MSCI Emerging Markets Index. The “Pricing Date” shall mean March 28, 2012. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 45% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares Russell 2000 Index Fund; (C) 20% of the Component Return of the iShares MSCI EAFE Index Fund; and (D) 15% of the Component Return of the iShares MSCI Emerging Markets Index Fund. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust ($140.43); iShares Russell 2000 Index Fund ($83.30); iShares MSCI EAFE Index Fund ($54.75); and iShares MSCI Emerging Markets Index Fund ($42.69). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti-dilution Adjustments.” The “Capped Value” is 151% of the Face Amount of this Security. The “Threshold Price” is equal to 80% of the Starting Price. The “Participation Rate” is 150%.

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Bloomberg Screen means the Bloomberg Information contained in the Bloomberg screen identified in Schedule 3 hereto and filed with the Commission as a Free Writing Prospectus on , 20 .]

  • SOFR IndexStart means the SOFR Index value on the day which is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period (an "Index Determination Date"); and

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

  • Bloomberg Screen GCAN5YR Page means the display designated as page “GCAN5YR<INDEX>” on the Bloomberg Financial L.P. service (or such other page as may replace the GCAN5YR page on that service) for purposes of displaying Government of Canada bond yields.

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

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.