The "Junior Overcollateralization Test" means a test satisfied on any Measurement Date if the Junior Overcollateralization Ratio on such Measurement Date is equal to or greater than the Junior OC Test Level in effect on such Measurement Date.
Latest Level means the latest level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) prior to the month in respect of which the Substitute Index Level is being calculated; and
Ground Level means the level of the referred point of exposed surface of the ground as indicated in the drawing.
RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:
Severity Level means the actual impact of a Defect on a user’s operational environment as further described in the table below.
Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.
Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.
Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).
Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index
Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.
Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.
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.
Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;
Final Level means, in respect of the Index, the Closing Level on the Final Valuation Date, provided that, if the Final Valuation Date is not an Exchange Business Day, then the Final Level will be determined on the immediately preceding
Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.