Portfolio Adjustment definition

Portfolio Adjustment has the meaning given to it in the Interest Rate Swap Agreement;
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Portfolio Adjustment means, in respect of a Substitution:
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Portfolio Adjustment means the aggregate net after tax gain or aggregate net after tax loss (in either case whether or not realized with taxes calculated on a GAAP basis) on all securities held in the Equity Portfolio during the period from and including October 1, 1995, through the close of business on the business day prior to the Closing Date. Such gains or losses shall be calculated based on the difference between (i) the market value as of the Balance Sheet Date of the securities in the September Audited GAAP Balance Sheet or the cost of acquisition for securities acquired after the Balance Sheet Date and (ii) the proceeds, net of commissions and other direct expenses of disposition, realized in the sale or other disposition, or, in the case of securities not sold or disposed of, the market value of such securities as of the close of business on the business day prior to the Closing Date (reduced in the case of shares of common stock of MBIA Inc. by 4.5% of the market value thereof). The Portfolio Adjustment shall be calculated using the same methodology and pricing services for purposes of determining the market value of securities in the Equity Portfolio at the relevant dates.
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Examples of Portfolio Adjustment in a sentence

  • Should a proposed Rebalancing not be fully effective on a Reference Portfolio Adjustment Date, the Reference Portfolio Advisor will be required to deliver one or more further Rebalancing Notices in accordance with the provisions hereof to execute the remainder of the initially proposed Rebalancing.

  • For the avoidance of doubt, a proposed Rebalancing shall be effective only if and to the extent that the Calculation Agent, on the Reference Portfolio Adjustment Date on which the relevant Rebalancing Notice is given, notifies to the Reference Portfolio Advisor the information mentioned in (a) and (b) above.

  • A Rebalancing may be initiated by the Reference Portfolio Advisor on any Business Day following the Pricing Date, effective as soon as reasonably practicable, as determined by the Calculation Agent in a commercially reasonable manner (such day, a " Reference Portfolio Adjustment Date"), subject to the occurrence of a Market Disruption Event on such Constituents Business Day.

  • In the event that the Portfolio Adjustment Agent specifies that “Automatic Replenishment” is to apply in relation to any ABS Reference Obligation, such ABS Reference Obligation will, upon any amortisation, repayment or cancellation in part of such ABS Reference Obligation be deemed to be automatically subject to a Replenishment of such ABS Reference Obligation in an amount equal to such amortisation, repayment or cancellation.

  • Any Portfolio Adjustment to the Reference Portfolio in relation to this Transaction shall also be a Portfolio Adjustment for the purposes of the Reference Portfolio in relation to each of the Related Transactions.

  • Following any Portfolio Adjustment, the sum of the Reference Obligation Notional Amounts as at the relevant Portfolio Adjustment Date for those ABS Reference Obligations in respect of which no Credit Event Notice has been delivered cannot exceed the Initial Portfolio Notional Amount less the sum of the Reference Obligation Notional Amounts for those ABS Reference Obligations in respect of which Credit Event Notices have been delivered as at such Portfolio Adjustment Date.

  • To the extent that the Reference Portfolio does not comply with the rules of constitution of the Reference Portfolio as set out in these Portfolio Adjustment Rules prior to the date of the reduction or Removal with respect to such Portfolio Adjustment, the Reference Portfolio resulting from the Replenishment shall maintain or improve the ability of the Reference Portfolio to meet the rules of constitution of the Reference Portfolio as set out in these Portfolio Adjustment Rules.

  • To the extent that the Reference Portfolio complies with the rules of constitution of the Reference Portfolio as set out in these Portfolio Adjustment Rules prior to the date of the reduction or Removal with respect to such Portfolio Adjustment, the Reference Portfolio resulting from the Replenishment shall continue to comply with the rules of constitution of the Reference Portfolio as set out in these Portfolio Adjustment Rules.

  • On the letterhead of the Portfolio Administrator][Date] To: Société Générale(as Portfolio Adjustment Agent) Dear SirsRe: Portfolio Adjustment Notice dated [ ]We refer to the Portfolio Adjustment Notice annexed hereto and confirm that the proposed Portfolio Adjustment referred to therein complies with the Portfolio Adjustment Rules.

  • As at the Issue Date of the Notes, and thereafter as at a Portfolio Adjustment Date, the sum of the Reference Obligation Notional Amounts of the ABS Reference Obligations which have no Moody’s Rating, but only an Equivalent Moody’s Rating must not represent more than 20% of the sum of the Reference Obligation Notional Amounts of all ABS Reference Obligations of the Reference Portfolio.


More Definitions of Portfolio Adjustment

Portfolio Adjustment means an adjustment to the then current Reference Portfolio that is effected in accordance with the terms of the Portfolio Management Agreement.
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Related to Portfolio Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Adjustment ratio means the value of index A divided by index

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Adjustments are all discounts, allowances, returns, disputes, counterclaims, offsets, defenses, rights of recoupment, rights of return, warranty claims, or short payments, asserted by or on behalf of any Account Debtor for any Financed Receivable.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.