Switch Event definition

Switch Event means an event when on any Switch Event Valuation Date(i) the corresponding Underlying Performance(i) calculated and observed on such date is equal to or above the Switch Trigger Level.
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Switch Event means, with respect to the Index, that Sj as determined by the Calculation Agent, is greater than or equal to the Switch Level.
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Examples of Switch Event in a sentence

  • The Trader is liable to pay charges in respect of an ICP from: the day the ICP is Energised or Re-energised; or if the Trader is assuming responsibility for the ICP, the later of the Switch Event Date or the date that the ICP is Energised.

  • The Trader is not liable to pay charges in respect of an ICP: for the day on which an ICP is De-energised (except as a result of a Temporary Disconnection); or from the Switch Event Date, if another trader takes responsibility for the ICP; or from the day which is 2 Working Days after the Distributor receives a notification from the Trader that the Distributor is responsible for completing a Vacant Site Disconnection in respect of the ICP, in accordance with Schedule 6.

  • The Retailer is liable to pay charges in respect of an ICP from: the day the ICP is Energised or Re-energised; or if the Retailer is assuming responsibility for the ICP, the later of the Switch Event Date or the date that the ICP is Energised.

  • On the first occurrence (if any) where the closing level of the Index on one Switch Event Valuation Date is greater than or equal to 120 per cent of the closing level of the Index on the Initial Strike Date, interest will be payable under the Notes.

  • The Retailer is liable to pay charges in respect of an ICP from: the Commencement Date in the case of ICPs or Consumers supplied by the Retailer at the Commencement Date; and if the Retailer is assuming responsibility for the ICP after the Commencement Date, the later of the Switch Event Date or the date that the ICP is Energised or Re-energised.

  • The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of Base Rate, the Eurocurrency Rate, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR, any alternative, successor or replacement rate (including any Rate Switch Event or any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.

  • Furthermore, Interest may be payable on each Interest Payment Date, the amount of which will depend on the performance of the Index between the Initial Strike Date and each of the seven Switch Event Valuation Dates.

  • The Trader is not liable to pay charges in respect of an ICP: from the day on which an ICP is De-energised (except as a result of a Temporary Disconnection); or from the Switch Event Date, if another trader takes responsibility for the ICP; or from the day which is 2 Working Days after the Distributor receives a notification from the Trader that the Distributor is responsible for completing a Vacant Site Disconnection in respect of the ICP in accordance with Schedule 6.

Related to Switch Event

  • Switch Event Date means the date recorded in the Registry as being the date on which a trader assumes responsibility for an ICP;

  • ▇▇▇▇ Event means if there are any Mortgaged Properties at such time, any increase, extension or renewal of any of the Commitments or Loans (but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Loan or (iii) the issuance, renewal or extension of Letters of Credit).

  • Barrier Event means that R (final) is lower than the Barrier.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Emergency Event means any situation arising from sudden and reasonably unforeseen natural disaster such as earthquake, flood, fire, or other acts of God, or other unforeseen events beyond the control of drayage truck owners and operators that threatens public health and safety or the reasonable flow of goods movement.