Underlying Closing Level definition
Underlying Closing Level means, in respect of a Rate and a Valuation Date, the interest rate (expressed as a percentage) specified to be such Rate for the relevant designated maturity (where applicable) on such Valuation Date, which appears on the applicable Electronic Page as of the Valuation Time. For the avoidance of doubt, a Rate will be determined as of the Valuation Time which may not be the "closing time" and a Rate may only be determined once on any Scheduled Trading Day.
Underlying Closing Level means, in respect of a Security Index and a Valuation Date or Averaging Date, as applicable, the official closing level of such Security Index either (a) where Same Day Publication is specified as applicable in respect of such Security Index under Same Day Publication in Annex 2, on such Valuation Date or Averaging Date, as applicable (and in which circumstances, where the level of such Security Index is published on a succeeding Scheduled Trading Day, the level for that Valuation Date or Averaging Date, as applicable, will have been the level calculated for the Security Index for or in respect of a preceding Scheduled Trading Day) or
Underlying Closing Level means, in respect of a Valuation Date, the FX Rate for such Valuation Date, as determined by the Calculation Agent by reference to the relevant Exchange Rate(s).
More Definitions of Underlying Closing Level
Underlying Closing Level means, in respect of any Underlying and a Valuation Date, the official closing price of such Underlying as displayed on the Electronic Page for such Underlying on the relevant Valuation Date.
Underlying Closing Level means the official closing price of the Underlying on a particular day on the Underlying’s primary exchange.
Underlying Closing Level means, in respect of an Underlying Interest Rate and a Valuation Date, the interest rate (expressed as a percentage) specified to be such Underlying Interest Rate for the relevant designated maturity (where applicable) on such Valuation Date, which appears on the applicable Electronic Page as of the Valuation Time. For the avoidance of doubt, an Underlying Interest Rate will be determined as of the Valuation Time which may not be the "closing time" and an Underlying Interest Rate may only be determined once on any Scheduled Trading Day.
Underlying Closing Level means, in respect of a Valuation Date, the FX Rate for such Valuation Date as displayed on the applicable Electronic Page(s) at approximately the Valuation Time (or as soon thereafter as practicable) on the Valuation Date, all as determined by the Calculation Agent.
Underlying Closing Level means, in respect of an Inflation Index, a Valuation Date and a related Reference Month, the level of such Inflation Index in respect of such Reference Month, as displayed on the applicable Electronic Page.