Examples of Basket Business Day in a sentence
If one of these days is not a Basket Business Day, the immediately succeeding Basket Business Day is deemed to be the relevant Valuation Averaging Date.
For example, if the PR on a relevant Basket Business Day is 100% and remains anywhere between 100% and 90% during a subsequent period, then the PR will remain unadjusted.
The Basket Value on a Basket Business Day falling after the Basket Inception Date is calculated as the sum of (a) the aggregate of the weighted values of all the Assets on such Basket Business Day, in each case being the product of (I) the Asset Quantity of such Asset on such Basket Business Day, multiplied by (II) its Asset Value on such Basket Business Day, plus (b) the product of (I) the Cash Asset Quantity on such Basket Business Day, multiplied by (II) the Cash Asset Value on such Basket Business Day.
If on any Basket Business Day, the Basket Value or the Asset Value in respect of an Asset is equal to or less than zero, no further Basket Rebalancing Day will occur on or after such day.
The Basket Sponsor will make available the Basket Closing Level of the Basket on each Basket Business Day as soon as reasonably practicable after 16.00 London time on the next Basket Business Day following such Basket Business Day (the “Basket Publication Time”).