Underlying Determination Date definition

Underlying Determination Date means, subject to § 7 [] [the day set out below for the relevant Interest Period: []]. If [the] [a] Underlying Determination Date is not a Scheduled Trading Day, [the] [such] Underlying Determination Date shall be postponed to the next following Scheduled Trading Day[.] unless in the opinion of the Calculation Agent such day is a Disrupted Day. If such day is a Disrupted Day,
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Underlying Determination Date means the close of business of the last day of the Due Period, or if such day is not a Business Day, the immediately preceding Business Day.
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Underlying Determination Date means, subject to § 7 [⚫] [the day set out below for the relevant Interest Period: [⚫]]. If [the] [a] Underlying Determination Date is not a Scheduled Trading Day, [the] [such] Underlying Determination Date shall be postponed to the next following Scheduled Trading Day[.] unless in the opinion of the Calculation Agent such day is a Disrupted Day. If such day is a Disrupted Day, [insert if the Securities relate to a single Index: the Underlying Determination Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the [eight] [⚫] Scheduled Trading Days immediately following the Scheduled Underlying Determination Date is a Disrupted Day. In that case (i) the [eighth] [⚫] Scheduled Trading Day shall be deemed to be the [relevant] Underlying Determination Date, notwithstanding the fact that such day is a Disrupted Day, and (ii) the Calculation Agent shall determine the Determination Price by determining the level of the Index as of [the Determination Time] [⚫] on that [eighth] [⚫] Scheduled Trading Day in accordance with the formula for and method of calculating the Index last in effect prior to the occurrence of the first Disrupted Day using the Exchange traded or quoted price as of the [Determination Time] [⚫] on that [eighth] [⚫] Scheduled Trading Day of each security comprised in the Index (or, if an event giving rise to a Disrupted Day has occurred in respect of the relevant security on that [eighth] [⚫] Scheduled Trading Day, its good faith estimate of the value for the relevant security as of the [Determination Time] [⚫] on that [eighth] [⚫] Scheduled Trading Day).] [insert if the Securities related to a basket of Indices: the Underlying Determination Date for each Index not affected by the occurrence of a Disrupted Day shall be the Scheduled Underlying Determination Date, and the Underlying Determination Date for each Index affected by the occurrence of a Disrupted Day (each an “Affected Index”) shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day relating to the Affected Index, unless each of the eight Scheduled Trading Days immediately following the Scheduled Underlying Determination Date is a Disrupted Day relating to the Affected Index. In that case (i) that [eighth] [⚫] Scheduled Trading Day shall be deemed to be the Underlying Determination Date for the Affected Index, notwithstanding the fact that such day is a Disrupted Day, and (ii) the Calculation Agent shall determine the...
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Examples of Underlying Determination Date in a sentence

  • Underlying Equity][Index]i = Determination Price on the Underlying Determination Date inrespect of Interest Period i [Underlying Equity][Index]i1 = Determination Price on the Underlying Determination Date in respect of the Interest Period i–1] [If the Rate of Interest is determined by reference to the Determination Price of the preceding Interest Period insert: [Underlying Equity][Index]0 = Initial Price]]] [F.


More Definitions of Underlying Determination Date

Underlying Determination Date means, subject to § 7 [•] [the day set out below for the relevant Interest Period: [•]]. If [the] [a] Underlying Determination Date is not a Scheduled Trading Day, [the] [such] Underlying Determination Date shall be postponed to the next following
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Underlying Determination Date means, in relation to a calendar day in an Interest Period, such day, provided that if any such calendar day is not a Scheduled Trading Day or is a Disrupted Day for an Underlying (any such day, a "Non-Determinable Day" for such Underlying), the Underlying Determination Date for such Non-Determinable Day for such Underlying will be the immediately preceding day which is a Scheduled Trading Day and is not a Disrupted Day for such Underlying (notwithstanding that such preceding day may fall in a preceding Interest Period). Each Underlying Determination Date shall be a "Specified Valuation Date" (or a "Valuation Date") for the purposes of the Conditions and as adjusted pursuant hereto, but the provisions of Conditions 19(c), 19(d) and 19(e) shall not apply thereto. For the avoidance of doubt, pursuant to the foregoing, the Underlying Closing Level on any calendar day for an Underlying may be the Underlying Rate for the Underlying for more than one calendar day.
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Related to Underlying Determination Date

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Event Determination Date means either:

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to defining the relevant Interest Periods and Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Compound SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Compound SOFR Note.Average SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Average SOFR Notes will bear interest at a rate per annum equal to Average SOFR (as defined below) plus the Spread.With respect to any Interest Period, unless otherwise specified or modified in the applicable Pricing Supplement, “Average SOFR” will be calculated by the Calculation Agent on each SOFR Interest Determination Date (as defined below) as follows (with the resulting percentage being rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001): 0 Where:

  • Spread Determination Date means, for the reset rate notes, any time after the Notice Date but no later than 3:00 p.m., New York City time, on the third business day prior to the related reset date.

  • Final Determination Date means the following:

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • SOFR Determination Time means 3:00 p.m. (New York time) on the U.S. Government Securities Business Day, at which time Compounded SOFR is published on the FRBNY’s Website.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Determination Time means 12:01 a.m., Eastern time, on the Closing Date.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Date of Determination means the date as of which a benefit is to be calculated under the Plan, as specified in each relevant Section, and being one of:

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Reset Dividend Determination Date means, in respect of any Reset Period, the day falling two business days prior to the beginning of such Reset Period.

  • Determination Date With respect to any Distribution Date, the 15th day of the month of such Distribution Date or, if such 15th day is not a Business Day, the immediately preceding Business Day.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and