Calculations on Price Determination Days Sample Clauses

Calculations on Price Determination Days. (a) With respect to each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent and the Calculation Agent, within the time period agreed upon by the Trustee, the Administrative Agent and the Calculation Agent, the following data: (i) the number of Up-MACRO Holding Shares on deposit in the Up-MACRO Tradeable Trust on the preceding Business Day; (ii) the aggregate amount of Up-MACRO Tradeable Shares Outstanding on such Business Day; and (iii) the Per Share Underlying Value of an Up-MACRO Tradeable Share on such Business Day. For purposes of calculating the foregoing amounts on any Business Day, any issuances or exchanges of Up-MACRO Tradeable Shares scheduled to settle on such Business Day shall be taken into account in making such calculations. (b) The Trustee's calculations pursuant to clause (a) of this Section 4.1 shall be conclusive and binding upon the Holders of the Up-MACRO Tradeable Shares and all other Persons.
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Calculations on Price Determination Days. (a) With respect to each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent and the Calculation Agent, within the time period agreed upon by the Trustee, the Administrative Agent and the Calculation Agent, the following data: (i) the Per Share Underlying Value of the Down-MACRO Holding Shares on that Price Determination Day; (ii) the Income Component of the Per Share Underlying Value calculated in clause (i); (iii) the estimated Down-MACRO Available Income Accrual for the next succeeding Business Day. (b) On each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent for posting on the MACROshares Website, not later than one hour prior to the commencement of trading on the AMEX or the applicable stock exchange on which the Down-MACRO Tradeable Shares are listed, the Per Share Underlying Value of a Down-MACRO Holding Share and a Down-MACRO Tradeable Share, subject to the availability of, and based upon (i) the Applicable Reference Price of Crude Oil for such Price Determination Day, and (ii) the calculations of the Up-MACRO Holding Trustee pursuant to Section 8.1 of the Up-MACRO Holding Trust Agreement. For purposes of calculating the foregoing amounts on any Price Determination Day, any Paired Optional Redemptions or Paired Issuances scheduled to settle on such Price Determination Day shall be taken into account. (c) The Trustee's calculations, pursuant to clauses (a) and (b) of this Section 4.1 shall be conclusive and binding upon the Holders of the Down-MACRO Holding Shares, the Holders of the Up-MACRO Holding Shares, the holders of the Down-MACRO Tradeable Shares, the holders of the Up-MACRO Tradeable Shares and all other Persons.
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Calculations on Price Determination Days. (a) With respect to each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent and the Calculation Agent, within the time period agreed upon by the Trustee, the Administrative Agent and the Calculation Agent, the following data: (i) the sum of the Up Earned Income Accruals for each day that has elapsed during the current Calculation Period; (ii) the Up Investment Amount for that day; (iii) the estimated Up Available Income Accrual for that day; and (iv) the estimated Up Available Income Accrual for any intervening non-Business Days between such Price Determination Day and the next succeeding Price Determination Day. (b) On each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent for posting on the MacroShares Website, not later than one hour prior to the commencement of trading on the AMEX, the Per Share Underlying Value of one Up MacroShare on the last preceding Price Determination Day, subject to the availability of, and based upon (i) the Applicable Reference Price of Crude Oil for such preceding Price Determination Day and (ii) the calculations of the Down Trustee pursuant to Section 8.1 of the Down Trust Agreement. For purposes of calculating the foregoing amounts on any Price Determination Day, any Paired Optional Redemptions or Paired Issuances scheduled to settle on such Price Determination Day shall be taken into account. (c) The Trustee's calculations, pursuant to clauses (a) and (b) of this Section 4.1 shall be conclusive and binding upon the Holders of the Up MacroShares, the Holders of the Down MacroShares and all other Persons, absent manifest error.
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Calculations on Price Determination Days. (a) On each Price Determination Day, the Administrative Agent shall calculate and provide to the Trustee not later than 5:00 p.m. New York City Time on such Price Determination Day: (i) the Up-MACRO Investment Amount; (ii) the Up-MACRO Earned Income Accrual Amount; (iii) the Up-MACRO Daily Fee Accrual Amount; (iv) the Up-MACRO Asset Amount; and (v) the Up-MACRO Underlying Value and the portion thereof that is allocable to (A) one Up-MACRO Holding Share, calculated by dividing the Up-MACRO Underlying Value by the number of Up-MACRO Holding Shares that are Outstanding on such Price Determination Day, and (B) one Up-MACRO Tradeable Share calculated by multiplying the sum reached in the foregoing subclause (A) by the number of Up-MACRO Holding Shares held by the Up-MACRO Tradeable Trust on such Price Determination Day and dividing this amount by the number of Up-MACRO Tradeable Shares that are Outstanding on such Price Determination Day. The calculation of the Up-MACRO Underlying Value shall be based upon the Price Level Percentage Change as calculated by the Administrative Agent. (b) The Administrative Agent shall calculate the Up-MACRO Underlying Value as provided in clause (a)(v) of this Section 4.1, subject to receipt of, and based upon (i) the Applicable Reference Price of Crude Oil as of the close of trading on such Price Determination Day, (ii) the Price Level Percentage Change as calculated by the Administrative Agent based on the Applicable Reference Price of Crude Oil and (iii) its own calculations, relating to the Down-MACRO Asset Amount, as it is required to calculate in accordance with Section 4.1 of the Down-MACRO Holding Trust Agreement. For purposes of calculating the foregoing amounts, any Paired Optional Redemptions, Up-MACRO Recapitalization Redemptions, Up-MACRO Proportional Mandatory Redemptions, Paired Subsequent Issuances or Up-MACRO or Down-MACRO Recapitalization Issuances scheduled to occur on the relevant Price Determination Day shall be disregarded. (c) Not later than 7:15 p.m. New York City Time on the Business Day preceding each Distribution Date, assuming that the Applicable Reference Price of Crude Oil has been established by the NYMEX or the applicable substitute price provider, the Administrative Agent shall calculate and provide to the Trustee (i) the Up-MACRO Income Distribution Payment, if any, that is payable under the Income Distribution Agreement by the Up-MACRO Holding Trust to the Down-MACRO Holding Trust and (ii) the D...
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Calculations on Price Determination Days. 37 Section 4.2 Calculation of Intraday Indicative Values......................................................38 Section 4.3 Calculation of Income Distribution Payments and Settlement Payments............................39 Section 4.4 Calculations Relating to Paired Subsequent Issuances...........................................39 ARTICLE V RIGHTS OF HOLDERS OF THE DOWN-MACRO HOLDING SHARES Section 5.1 Rights of Holders of the Down-MACRO Holding Shares.............................................39 Section 5.2
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Calculations on Price Determination Days. (a) With respect to each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent and the Calculation Agent not later than 5:00 p.m. New York City Time on the preceding day: (i) the Up-MACRO Investment Amount for that Price Determination Date; (ii) the Up-MACRO Available Income Accrual for the previous day; (iii) the Up-MACRO Earned Income Accrual for the previous day; (iv) the Up-MACRO Daily Fee Accrual for that Price Determination Date; (v) the Up-MACRO Asset Amount for that Price Determination Date; and (vi) the Price Level Percentage Change for the preceding day and the Up-MACRO Underlying Value for the preceding day and the portion thereof that is allocable to (A) one Up-MACRO Holding Share, calculated by dividing the Up-MACRO Underlying Value by the number of Up-MACRO Holding Shares that are Outstanding on such day, and (B) one Up-MACRO Tradeable Share, calculated by dividing (1) the product of (x) the number of Up-MACRO Holding Shares held by the Up-MACRO Tradeable Trust on such day and (y) the quotient calculated in the foregoing subclause (A)
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Related to Calculations on Price Determination Days

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Interest Determination Dates The interest rate applicable to a Floating Rate Note for an Interest Reset Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest Determination Date”, which will be: (1) with respect to the Federal Funds Open Rate—the related Interest Reset Date; (2) with respect to the Commercial Paper Rate, the Federal Funds Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (3) with respect to the CD Rate and the CMT Rate—the second Business Day preceding the related Interest Reset Date; (4) with respect to the Constant Maturity Swap Rate—the second U.S. Government Securities business day preceding the related Interest Reset Date, provided, however, that if after attempting to determine the Constant Maturity Swap Rate, such rate is not determinable for a particular Interest Determination Date, then such Interest Determination Date shall be the first U.S. Government Securities business day preceding the original interest determination date for which the Constant Maturity Swap Rate can be determined; (5) with respect to LIBOR—the second London Banking Day (as defined below) preceding the related Interest Reset Date; and (6) with respect to the Treasury Rate—the day of the week in which the related Interest Reset Date falls on which day Treasury Bills (as defined below) are normally auctioned (i.e., Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that the auction may be held on the preceding Friday); provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the Interest Determination Date will be the preceding Friday. The Interest Determination Date pertaining to a Floating Rate Note, the interest rate of which is determined with reference to two or more Interest Rate Bases, will be the latest Business Day which is at least two Business Days before the related Interest Reset Date for the applicable Floating Rate Note on which each Interest Reset Basis is determinable. “London Banking Day” means a day on which commercial banks are open for business (including dealings in the LIBOR Currency) in London.

  • Performance Adjustment Rate Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted. The maximum performance adjustment rate is 0.20%. For purposes of calculating the performance adjustment of the portfolio, the portfolio's investment performance will be based on the performance of the retail class. The performance period will commence with the first day of the first full month following the retail class's commencement of operations. During the first eleven months of the performance period for the retail class, there will be no performance adjustment. Starting with the twelfth month of the performance period, the performance adjustment will take effect. Following the twelfth month a new month will be added to the performance period until the performance period equals 36 months. Thereafter the performance period will consist of the current month plus the previous 35 months. The Portfolio's investment performance will be measured by comparing (i) the opening net asset value of one share of the retail class of the Portfolio on the first business day of the performance period with (ii) the closing net asset value of one share of the retail class of the Portfolio as of the last business day of such period. In computing the investment performance of the retail class of the Portfolio and the investment record of the Index, distributions of realized capital gains, the value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period and dividends paid out of investment income on the part of the Portfolio, and all cash distributions of the securities included in the Index, will be treated as reinvested in accordance with Rule 205-1 or any other applicable rules under the Investment Advisers Act of 1940, as the same from time to time may be amended.

  • Adjustment of Settlement Rate (a) Adjustments for Dividends, Distributions, Stock Splits, Etc.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Basis for calculation of periodic payments All interest and commitment fee and any other payments under any Finance Document which are of an annual or periodic nature shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a 360 day year.

  • INDEPENDENT PRICE DETERMINATION 6.1 By signing and submitting this bid, the Bidder certifies that the prices in this bid have been arrived at independently, without consultation, communication or agreement, for the purpose of restricting competition, as to any matter relating to such prices with any other Bidder or with any competitor; unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder prior to bid opening directly or indirectly to any other Bidder or to any competitor; no attempt has been made, or will be made, by the Bidder to induce any person or firm to submit, or not to submit, a bid for the purpose of restricting competition.

  • Calculation of Fees Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis, for calculating fees for which Ameriprise invoices under this Agreement. However, the Issuer Entities may provide records to assist Ameriprise in its calculations.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Interest Rates Payments and Calculations (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum.

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