Official Index Divisor definition

Official Index Divisor means the value published by the Index Sponsor.
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Official Index Divisor means on each Relevant Dayt the index divisor as calculated and published by the relevant Sponsor or if no such index divisor is published, such number as determined by the Issuer in its sole discretion.
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Official Index Divisor means the value, calculated by the Index Sponsor, necessary to ensure that the numerical value of the Index remains unchanged after a change in the composition of the Index. The value of the Index after any change in its composition is divided by the Official Index Divisor to ensure that the value of the Index returns to its normalized value. Relevant Dividend: In respect of each Sharei and each Relevant Dayt in a Dividend Period:
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More Definitions of Official Index Divisor

Official Index Divisor means, in respect of any Relevant Dayt, the divisor applied by the Index Sponsor in respect of the Index on such day.
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Related to Official Index Divisor

  • Initial Index Price means the sum of each per share closing price of the common stock of each company comprising the Index Group multiplied by the applicable weighting, as such prices are reported on the consolidated transactions reporting system for the market or exchange on which such common stock is principally traded, on the trading day immediately preceding the public announcement of the Agreement.

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

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.

  • 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.

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