underlying interest definition

underlying interest means, for a specified derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or payment obligation of the specified derivative is derived, referenced or based; and

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underlying interest means, for a specified derivative, the security, commodity, financial

underlying interest means the assets, liabilities, other interests or a combination thereof underlying a derivative instrument, such as any one or more securities, currencies, rates, indices, commodities or derivative instruments.

Examples of underlying interest in a sentence

The Partnership, in its capacity as an indirect limited partner of the Main Fund, shall bear its pro rata share of Fund Expenses, Organizational Expenses, Placement Fees, Management Fees, Servicing Fees and Administration Fees (as applicable, each as defined in the Main Fund Agreement), in each case, relating to its Underlying Interest.
The General Partner shall only exercise the rights of the Partnership under the Main Fund Agreement with respect to any Underlying Interest with the consent of and at the direction of the Limited Partner(s) to which such right relates.
To the extent the Main Fund is seeking a consent or other exercise of rights of its limited partners and the General Partner does not receive instructions from one or more underlying Limited Partners, the General Partner will cause the Partnership to act in the same manner (and in the same proportion) as other limited partners of the Main Fund with respect to the Underlying Interest of the Limited Partner that failed to provide such instructions.
At the direction of any Limited Partner, the General Partner shall exercise such Limited Partner’s rights with respect to its Underlying Interest under the Main Fund Agreement.
For greater clarification, the General Partner shall only exercise the rights of the Partnership at the direction of the Limited Partners (or consistent with the action of other Main Fund limited partners as described above) with respect to any Limited Partner’s Underlying Interest to the extent that the Main Fund General Partner is permitted under the Main Fund Agreement to exercise such rights of the Main Fund with respect to the interest in the Main Fund of any limited partner thereof, mutatis mutandis.

More Definitions of underlying interest

underlying interest means the assets, other interests, or a combination thereof, underlying a financial instrument, such as any one or more securities, currencies, rates, indices, commodities or financial instruments.

underlying interest means the assets, liabilities, other interests or a

underlying interest means an asset, liability, or other interest underlying a derivative instrument or a combination of those assets, liabilities, or other interests. The term includes a security, currency, rate, index, commodity, or derivative instrument.

underlying interest means the assets, liabilities, other

underlying interest means the assets, liabilities, other interests, or a combination of assets, liabilities, or other interests underlying a derivative instrument such as any 1 or more securities, currencies, rates, indices, commodities, or derivative instruments.

underlying interest means Government of Canada Bonds, which meet the criteria established in Section C-1602 of this rule.

underlying interest means the assets, liabilities, or other interests, or a combination thereof,