Market Value Formula Sample Clauses

Market Value Formula. Market Value Formula means the formula used to determine the Market Value Factor. The rates entering into the Market Value Formula, the methods employed in the computation, and any amount determined by the application of the Market Value Formula will be deemed conclusive. The Market Value Formula is based on a serial bond valuation formula for a bond which repays its original principal in installments, pays interest on the outstanding principal, and is being valued in the current interest rate environment. The Market Value Formula is: where: #1m = the weighted average of the yields of the indices listed below, where the weightings represent the percentage of the market value of the retirement segment that is invested in each of the asset categories listed below (the “assumed market yield”). For purposes of this section, the term “retirement segment” refers to the segment of the MassMutual general investment account to which the assets of this Agreement are allocated. The yield of each index is the last available published yield in the month immediately prior to the month as of which the Market Value Factor is being calculated. [The weighting of each index is determined as of the last Business Day of the second month immediately prior to the month as of which the Market Value Factor is being calculated. For example, if the Market Value Factor is being calculated as of March 15, MassMutual would determine the weightings for each index as of the last Business Day in January.] [The weighting of each index is determined as of the last Business Day of the month immediately prior to the most recent calendar quarter-end that precedes the date as of which the Market Value Factor is being calculated. For example, if the Market Value Factor is being calculated as of July 15, MassMutual would determine the weightings for each index as of the last Business Day in May.] Unless otherwise defined in this Agreement, a “Business Day” will be each day on which the New York Stock Exchange is open for business. #2 Asset Category Applicable Index Public/Private Corporates [80% Citi USBIG BBB Corporate Index, 20% Citi HYM Index] Commercial Mortgage Loans [Bank of America/Xxxxxxx CMBS Fixed Rate AAA 5-10 Yrs Index] Commercial Mortgage Backed Securities [Bank of America/Xxxxxxx CMBS Fixed Rate AAA 5-10 Yrs Index] Mortgage Backed Securities/ Collateralized Mortgage Obligations/Residential Mortgage Loans #3[Barclays U.S. MBS: Agency Fixed Rate MBS Index] Asset Backed Securities/ Flo...
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Market Value Formula. An amount equal to 51% of:
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Related to Market Value Formula

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Current Per Share Market Value For the purpose of any computation hereunder, the “Current Per Share Market Value” of any security (a “Security” for the purpose of this Section 11.4.1) on any date shall be deemed to be the average of the daily closing prices per share of such Security for the thirty (30) consecutive Trading Days (as such term is hereinafter defined) immediately prior to such date; provided, however, that in the event that the current per share market price of the Security is determined during any period following the announcement by the issuer of such Security of (i) a dividend or distribution on such Security payable in shares of such Security or securities convertible into such shares or (ii) any subdivision, combination or reclassification of such Security, and prior to the expiration of

  • Date of Exercise The "Date of Exercise" of the Warrant shall be defined as the date that the advance copy of the completed and executed Exercise Form is sent by facsimile to the Company, provided that the original Warrant and Exercise Form are received by the Company as soon as practicable thereafter. Alternatively, the Date of Exercise shall be defined as the date the original Exercise Form is received by the Company, if Holder has not sent advance notice by facsimile.

  • Certification of Adjusted Exercise Price or Number of Shares of Common Stock Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

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