Index calculation Sample Clauses
The "Index calculation" clause defines how a specific index or benchmark is determined and maintained within the context of an agreement. It typically outlines the methodology for calculating the index, identifies the responsible party or source for the calculation, and may specify what happens if the index is unavailable or modified. For example, it might state that a financial index is calculated daily by a particular third-party provider, and detail fallback procedures if the provider ceases publication. This clause ensures transparency and consistency in how the index is referenced, reducing ambiguity and potential disputes over its value or application.
Index calculation. The Factor Index shall be calculated for the first time on the Index Start Date. The initial level of the index on the Index Start Date corresponds to the Index Start Value. The respective current index lev- el is calculated by the Index Calculation Agent on a continuous basis during the trading period of the Reference Instrument on the Reference Exchange on each Index Calculation Day, rounded to two dec- imal places and published in accordance with section E). One index point corresponds to one unit of the Index Currency.
C) 1) Index formula C) 2) Intraday Index Adjustment
Index calculation. The c~▇▇▇▇ ▇▇▇▇▇ shall be calculated for the first time on the ▇▇▇▇▇ pí~êí a~íÉ. The initial level of the index on the ▇▇▇▇▇ pí~êí a~íÉ corresponds to the ▇▇▇▇▇ pí~êí s~äìÉ. The respective current index lev- el is calculated by the ▇▇▇▇▇ `~äÅìä~íáçå ^ÖÉåí on a continuous basis during the trading period of the oÉÑÉêÉåÅÉ fåëíêìãÉåí on the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ on each ▇▇▇▇▇ `~äÅìä~íáçå a~ó, rounded to two dec- imal places and published in accordance with section E). One index point corresponds to one unit of the ▇▇▇▇▇ `ìêêÉåÅó.
C) 1) Index formula
C) 2) Intraday Index Adjustment
Index calculation. The Factor Iudex shall be calculated for the first time on the Iudex Start Date. The initial level of the index on the Iudex Start Date corresponds to the Iudex Start Value. The respective current index lev- el is calculated by the Iudex Calculatiou Aφeut on a continuous basis during the trading period of the Refereuce Iustrumeut on the Refereuce Exchauφe on each Iudex Calculatiou Day, rounded to two dec- imal places and published in accordance with section E). One index point corresponds to one unit of the Iudex Curreucy.
C) 1) Index formula C) 2) Intraday Index Adjustment
Index calculation. 1. Subject to the provisions of this Agreement Solactive will continually calculate the Indices set out in the relevant Order Schedule and will continually maintain and disseminate them from (and including), in each case, the relevant Index Calculation Start Date (as set out in the applicable Order Schedule).
2. Solactive shall use its best endeavors to ensure that the Indices are calculated and maintained correctly.
3. Details including but not limited to calculation and maintenance of the Indices shall be stipulated in the respective Index guidelines or methodology agreed upon between the Parties, as it may be amended in the future (the “Index Methodology”). For this purpose the Trust shall provide the necessary Index specification pursuant to the relevant Order Schedule.
4. The scope of the services provided by Solactive includes setting up the Indices and continuous calculation and maintenance of the Indices in accordance with the Index Methodology. Setting up the Indices includes, among other things, establishing the name, parameters, exchange rates, calculation days, calculation term etc., in connection with the Indices. Maintaining the Indices includes but is not limited to necessary adjustment of the Indices according to capital measures such as split of shares or capital increase, or after dividend payments related to shares, which are elements of the Indices, and adjustments to the Indices in the framework of extraordinary or ordinary adjustments. For adjustments to the Indices in the framework of maintenance, if agreed to by both Parties, Solactive shall provide one indication and one final adjustment. The indication consists of a hypothetical calculation of the composition of the Index taking account of the adjustment which will only be made in the future; the final adjustment involves converting the Index calculation taking account of the adjustment to be made.
5. If agreed to by the Trust in writing, on each business day Solactive shall post the current Index composition (Index name, elements and weighting) of the relevant Indices on a website maintained by Solactive. In connection with the foregoing, as of the date of this Agreement, Trust does not desire to have any of the Indices posted on a website maintained by Solactive unless otherwise notified to Solactive in writing by Trust.
6. Solactive shall use the criteria for compiling and calculating the Indices, and the weighting and the calculation formula set out in the respective Index Met...
Index calculation. The Factor Index shall be calculated for the first time on the Index Start Date. The initial level of the index on the Index Start Date corresponds to the Index Start Value. The respective current index lev- el is calculated by the Index Calculation Agent on a continuous basis during the trading period of the Reference Instrument on the Reference Exchange on each Index Calculation Day, rounded to two dec- imal places and published in accordance with section E). One index point corresponds to one unit of the Index Currency.
C) 1) Index formula C) 2) Intraday Index Adjustment
1. The financing component remains unchanged. No addi- tional costs are incurred for the newly simulated day.