Common use of Determination of Daily Level of the Underlying Basket Clause in Contracts

Determination of Daily Level of the Underlying Basket. If the AMEX is unable to obtain certain information necessary for its daily calculation and dissemination of the level of the Underlying Basket, the Calculation Agent shall provide the necessary information as follows below. In order to determine the value of an Underlying Security that is listed on a non-United States exchange, trading system or market (the "Foreign Value"), the Calculation Agent shall, once per Trading Day, value the Underlying Security using the most recent sales price of such Underlying Security available from the primary exchange, trading system or market in the Underlying Security's home market, quoted as of the Close of Trading. In order to convert the Foreign Value into U.S. dollars, the Calculation Agent shall use the Official W.M. Reuters Spot Closing Rate. If there are several quoxxx for the Official W.M. Reuters Spot Closing Rate, the first quoted rate startinx xx 11:00 A.M. shall be the rate used. If there is no such Official W.M. Reuters Spot Closing Rate for a country's currency at 10:00 A.M., New York City time, the Foreign Value shall be determined using the last available U.S. dollar cross-rate quote before 11:00 A.M., New York City time. In order to determine the value of an Underlying Security that is listed or quoted on a bulletin board service, the Calculation Agent shall use the average of the midpoint of the bid and ask prices provided by three market makers in that Underlying Security. The Calculation Agent shall obtain the bid and ask prices promptly upon the opening of trading on that Trading Day at 9:30 A.M., New York City time or at such other time as the Calculation Agent determines. The Calculation Agent shall provide AMEX with the value of the M&A Cash Component, the M&A Sale Component, the PV Extraordinary Cash Component, the Extraordinary Cash Component and the Extraordinary Sale Component as soon as such values are available. The Calculation Agent shall, once per Trading Day, provide AMEX with the interest accrued on the Cash Included in the Underlying Basket.

Determination of Daily Level of the Underlying Basket. If the AMEX is unable to obtain certain information necessary for its daily calculation and dissemination of the level of the Underlying Basket, the Calculation Agent shall provide the necessary information as follows below. In order to determine the value of an Underlying Equity Security that is listed on a non-United States exchange, trading system or market (the "Foreign ValueFOREIGN VALUE"), the Calculation Agent shall, once per Trading Day, value the Underlying Equity Security using the most recent sales price of such Underlying Equity Security available from the primary exchange, trading system or market in the Underlying Equity Security's home market, quoted as of the Close of Trading. In order to convert the Foreign Value into U.S. dollars, the Calculation Agent shall use the Official W.M. X.X. Reuters Spot Closing Rate. If there are several quoxxx quotes for the Official W.M. X.X. Reuters Spot Closing Rate, the first quoted rate startinx xx starting at 11:00 A.M. a.m. shall be the rate used. If there is no such Official W.M. X.X. Reuters Spot Closing Rate for a country's currency at 10:00 A.M.11:00 a.m., New York City time, the Foreign Value shall be determined using the last available U.S. dollar cross-rate quote before 11:00 A.M.a.m., New York City time. In order to determine the value of an Underlying Equity Security that is listed or quoted on a bulletin board service, the Calculation Agent shall use the average of the midpoint of the bid and ask prices provided by three market makers in that Underlying Equity Security. The Calculation Agent shall obtain the bid and ask prices promptly upon the opening of trading on that Trading Day at 9:30 A.M.a.m., New York City time or at such other time as the Calculation Agent determines. The Calculation Agent shall provide AMEX with the value of the M&A Cash Component, the M&A Sale Component, the PV Extraordinary Cash Component, the Extraordinary Cash Component and the Extraordinary Sale Component as soon as such values are available. The Calculation Agent shall, once per Trading Day, provide AMEX with the interest accrued on the Cash Included in the Underlying Basket.