UNIT VALUE ON EACH CYCLE BUSINESS DAY DURING THE CYCLE TERM Sample Clauses

UNIT VALUE ON EACH CYCLE BUSINESS DAY DURING THE CYCLE TERM. For each Cycle, We determine its Unit Value as of each Cycle Business Day based on its Fair Value and the Proportional Performance Ceiling Rate. The Fair Value of a Cycle is determined by a Fair Value Calculation Agent and reflects the current value of the financial instruments that may be purchased to provide a return equal to the change in Index Value at the end of the Cycle Term subject to the Performance Ceiling Rate and subject to the Maturity Date Floor Rate. The Cycle Fair Value is based on a variety of factors considered by the Fair Value Calculation Agent, and may include the change in the Index Value from the Start Date, volatility of the Index, changes in the interest rate environment and the time remaining to the Maturity Date. Once We receive the Cycle Fair Value, We compute a preliminary Unit Value. The Cycle Business Day's Unit Value will equal the Cycle Business Day Preliminary Unit Value, but no greater than the Cycle Business Day Unit Value Ceiling.
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Related to UNIT VALUE ON EACH CYCLE BUSINESS DAY DURING THE CYCLE TERM

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  • Withdrawals during Concession Period 31.3.1 The Concessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:

  • Union Activity During Working Hours The Employer and the Union recognize that union representatives and stewards play an important role in effectuating the terms of this Agreement; however, both parties acknowledge that the duties undertaken as a union representative or xxxxxxx are in addition to the their job assignments. The Union shall notify the Department of Budget and Management in writing of the names of designated stewards and union representatives prior to them assuming any duties. Consistent with the operational needs of the Employer, the Employer shall grant time off with pay for designated stewards and union representatives, including reasonable travel time when necessary, to attend:

  • OPERATION OF PROPERTY DURING AGREEMENT PERIOD The Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to the Agreement and will take no action that would adversely impact the Property, tenants, lender, or business, if any. Any changes, such as renting vacant space, that materially affects the Property or the Buyer's intended use will be permitted only with the Buyer's consent.

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Work During Vacation Period No employee shall be required to work during the employee's vacation once the vacation request has been approved.

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  • Free Look Period The free look period shall be applicable at the inception of the policy and:

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