Substitute Value definition

Substitute Value means an index level that is determined by the Determination Agent in its reasonable discretion (billiges Ermessen, §317 BGB).
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Substitute Value means an index level thatis determined by the Determination Agent in its "Ersatzwert" einen Stand des Index bezeich-net, den die Festlegungsstelle nach billigem
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Substitute Value means an index level that is determined by the Determination Agent in its
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Examples of Substitute Value in a sentence

  • Third Party Liability 3 Enterprise Property (Substitute Value) 7 Marine Cargo 8 Construction and Installation 10 Boiler and Machinery (including construction and operation periods) [***] Filed separately with the Commission pursuant to a request for confidential treatment.


More Definitions of Substitute Value

Substitute Value means an index level that is determined by the Determination Agent in its reasonable discretion (billiges Ermessen,§ 317 BGB). "Ersatzwert" einen Stand des Index bezeich- net, den die Festlegungsstelle nach billigem Ermessen (§ 317 BGB) bestimmt. "Index Adjustment Event" means, in respect of an Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disrup- tion or an Index Modification. "Indexanpassungsereignis" in Bezug auf einen Index ein Administrator-/Benchmark- Ereignis, eine Einstellung des Index, eine Un- terbrechung des Index oder eine Veränderung des Index bezeichnet. "Relevant Benchmark" means the Index, the Reference Rate and any other index, bench- mark or price source by reference to which interest, principal or other amounts payable under the Securities is calculated. "Maßgebliche Benchmark" bezeichnet den Index, den Referenzsatz sowie jeden anderen Index, Benchmark oder Preisquelle auf die für die Berechnung der Verzinsung, der Rückzah- lung oder sonstigen unter den Wertpapierenzahlbaren Beträge Bezug genommen wird.
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Related to Substitute Value

  • Substitute Common Stock means the common stock issued by the issuer of the Substitute Option upon exercise of the Substitute Option.

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Base Value With respect to any Mortgage Loan for which Additional Collateral has been pledged, the value of the Additional Collateral as determined with respect to that Mortgage Loan in accordance with the applicable underwriting guidelines.

  • Substitute Rate shall have the meaning set forth in Section 2.2.3(b).

  • Note Value means, with respect to any day, the present value of the unpaid Scheduled Payments on the Receivables, discounted at an annual rate equal to 4.75%. For purposes of calculating Note Value, in the case of a defaulted Receivable: (a) prior to the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the Scheduled Payments on such Receivable will be computed based on the amounts that would have been the Scheduled Payments had such default not occurred; (b) at the earlier of the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the amount added to the Note Value with respect to such Receivable will be the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures and (c) after the time such defaulted Receivable becomes a Liquidated Receivable, and after the payment of a Purchase Amount in respect of a Purchased Receivable, there shall be deemed to be no Scheduled Payments due on such Receivable.