Examples of Basket Level in a sentence
For purposes of calculating the Final Basket Level in the event of a Disruption Event relating to one or more Component Commodities in accordance with the above, “trading day” means a day, as determined in good faith by the Calculation Agent, on which trading is generally conducted on the Relevant Exchange applicable to the affected Component Commodity.The “Calculation Agent” means Lehman Brothers Commodity Services Inc, the determinations and calculations of which will be binding absent manifest error.
The Basket Level equals the sum of the products of the closing level and the Index Ratio for each Basket Index, as determined by the Calculation Agent.
Each Basket Index represents a percentage of the Initial Basket Level on the pricing date.
The "Basket Level" is the hypothetical value of the Basket that is determined at the close of any business day.
The Basket Level used to calculate the Alternative Redemption Amount shall be determined by the Calculation Agent.
The Basket Level equals the sum of the products of the Closing Price and the Share Ratio for each Basket Stock.
The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Basket Return, the Basket Level, the Basket Percentage Change, the Supplemental Redemption Amount, Market Disruption Events, Successor Indices, business days, and trading days.
The period of time between the last Reset Date and the Maturity Date is not part of a Reference Period, and, therefore, changes in the Basket Level during that period will not affect the Supplemental Redemption Amount payable to the holder of this Note at maturity.
Upon proper tender of this Note, which must be in accordance with the rules of DTC if the Note is held by DTC in global form, the holder of this 11 Note will receive, for each unit of this Note, a cash amount equal to the Basket Level for the trading day in the Exchange Calculation Period, or, at the Corporation's election, shares of the Basket Stocks on the exchange date.
The Supplemental Redemption Amount, if any, will be based upon the Basket Return, which will be calculated as follows: The “Basket Return” shall equal: Basket Percentage Change x Participation Rate The “Basket Percentage Change” shall equal: (Final Basket Level – Initial Basket Level) Initial Basket Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.