Substitute Value definition

Substitute Value means an index level that is determined by the Determination Agent in its reasonable discretion (billiges Ermessen, §317 BGB).
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Substitute Value means an index level that is determined by the Determination Agent in its reasonable discretion (billiges Ermessen, §317 BGB).(3) Correction of the Index. In the event that the value of the Index published on the Exchange or Related Exchange or by the Index Administrator and which is utilised for any calculation or determination made in relation to the Securities subsequently corrected and the correction is published by the Exchange or the Index Administrator before the Maturity Date, the Determination Agent will determine the amount that is payable or deliverable as a result of that correction, and, to the extent necessary, will adjust the terms of such transaction to account for such correction and will notify the Holders accordingly pursuant to §12.(4) Disrupted Days. If the Determination Agent in its reasonable discretion by taking into consideration the relevant capital market practice and by acting in good faith determines that the Valuation Date is a Disrupted Day or not a Scheduled Trading Day, then the Valuation Date shall be the first succeeding Scheduled Trading Day that the Determination Agent determines is not a Disrupted Day, unless the Determination Agent determines that each of the five Scheduled Trading Days immediately following the original date is a Disrupted Day. In that case and for the purpose of determining the Redemption Amount:
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Substitute Value means an index level thatis determined by the Determination Agent in its "Ersatzwert" einen Stand des Index bezeich-net, den die Festlegungsstelle nach billigem
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Examples of Substitute Value in a sentence

  • Falls die Emittentin auf diese Weise festlegt, dass die Wertpapiere gekündigt werden, wird die Emittentin den Gläubiger gemäß §12 innerhalb einer Frist von nichtreasonable discretion (billiges Ermessen, §317 BGB), considers appropriate, if any, to the formula for determining the Redemption Amount or the Substitute Value and any other variable relevant to the settlement or payment terms of the Securities, which change or adjustment shall be effective on such date as the Determination Agent shall determine.

  • Examples: CR102980 or vendor invoice number for Check Requests, MR00023 for mileage reimbursements, PD00213 for Per Diem / Travel reimbursements, RS20053 for Recycled Substitute Value Program and CC101026 for Credit Card Issuance.

  • Barriers to implementing program activities are also likely factors contributing to unexpected negative consequences.

Related to Substitute Value

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Share Value means $25.00 plus declared and unpaid dividends as at the date of the Trigger Event.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Market Value as defined in the regulation prescribing the standards for real estate appraisals used in federally related transactions, 12

  • Substitute Loan A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.