Trading Level Sample Clauses

Trading Level. 4.1 The Trading Level as at the Start Date shall be the US Dollar amount notified by the Manager via email to xxxxxxxxx@xxxxxxxxxxxxx.xxx to be received no later than midday on the second Business Day prior to the Start Date. In setting the Trading Level, the Manager intends to utilise a leverage factor not in excess of 150 per cent of the net asset value of the Account (the “Leverage Factor”), and it agrees not to increase the Leverage Factor without the express written consent of the Trading Advisor, which consent may be withheld in the Trading Advisor’s sole discretion.
Sample 1Sample 2
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Trading Level. The “Trading Level” of each Member’s investment in a particular Series equals (A) the balance of the Member’s Capital Account with respect to such Series, net of any accrued fees and expenses of such Series, including any management fees and incentive allocations payable to the corresponding Trading Advisor which are not yet due (B) multiplied by the Member’s selected leverage for such Series, where applicable.
Sample 1
Trading Level. The Company or the Manager shall select a trading level for the Company (the “Trading Level”) provided that it shall not fall below the $15 million USD minimum, unless otherwise agreed by the parties. The Trading Advisor will use its best efforts to cause the portfolio of the Company to statistically replicate the full portfolio. Nevertheless, the Manager acknowledges that, although correlated, the results of the reduced portfolio may differ, perhaps significantly, from the full portfolio as a result of the Company’s lower Trading Level. Such Trading Level can be the initial actual cash and cash equivalents contributed to the Company or it can include a “notional” amount in excess of the actual assets. The Company or the Manager agrees to notify the Trading Advisor of any intent to increase or decrease the Trading Level of the Company and the Manager agrees that it will obtain prior approval from the Trading Advisor to increase the Trading Level of the Company. The Trading Advisor may withhold such approval in its sole discretion. Any profit or loss in the Company shall be reinvested in the Company for Trading Level purposes.
Sample 1
Trading Level. The Company or the Manager shall select a trading level for the Company (the “Trading Level”). Such Trading Level can be the initial actual cash and cash equivalents contributed to the Company or it can include a “notional” amount in excess of the actual assets. The Company or the Manager agrees to notify the Trading Advisor of any intent to increase or decrease the Trading Level of the Company and the Manager agrees that it will obtain prior approval from the Trading Advisor to increase the Trading Level of the Company. The Trading Advisor may withhold such approval in its sole discretion. Any profit or loss in the Company shall be reinvested in the Company for Trading Level purposes. The Company or the Manager agrees that the Trading Level of the Company shall be maintained in even million dollar increments.
Sample 1

Related to Trading Level

  • Trading Cushion The Selling Period for any previous Issuance Notice shall have expired.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Market Capitalization At the time the Registration Statement was or will be originally declared effective, and at the time the Company’s most recent Annual Report on Form 10-K was filed with the Commission, the Company met or will meet the then applicable requirements for the use of Form S-3 under the Securities Act, including, but not limited to, General Instruction I.B.1

  • Applicable Margins The ABR Applicable Margin and the LIBOR Applicable Margin to be used in calculating the interest rate applicable to different Types of Advances shall vary from time to time in accordance with the long-term unsecured debt ratings from Xxxxx’x, and Fitch of the General Partner and the Borrower. In the event the General Partner and the Borrower have different ratings, the rating of the higher rated entity shall be used. In the event the rating agencies are split on the rating for the higher rated entity, the lower rating for such entity shall be deemed to be the applicable rating (e.g., if the higher rated entity’s Xxxxx’x debt rating is Baa1, and its Fitch’s rating is BBB, then the Applicable Margins shall be computed based on the Fitch rating), and the Applicable Margins shall be adjusted effective on the next Business Day following any change in the higher rated entity’s Xxxxx’x debt rating, and/or Fitch’s debt rating, as the case may be. The applicable debt ratings and the Applicable Margins are set forth in the table attached as Exhibit A. In the event that Fitch or Xxxxx’x shall discontinue their ratings of the REIT industry, the General Partner or the Borrower, a mutually agreeable substitute rating agency (or two mutually agreeable substitute agencies if both existing rating agencies discontinue such ratings) shall be selected by the Required Lenders and the Borrower. If the Required Lenders and the Borrower cannot agree on a substitute rating agency or substitute rating agencies within thirty (30) days after such discontinuance, or if Fitch and Xxxxx’x shall discontinue their ratings of the REIT industry, the Borrower, or the General Partner, the Applicable Margin to be used for the calculation of interest on Advances hereunder shall be the highest Applicable Margin for each Type. If a rating agency downgrade or discontinuance results in an increase in the ABR Applicable Margin, the LIBOR Applicable Margin, or Facility Fee Rate and if such downgrade or discontinuance is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, at the Borrower’s request, the Borrower shall receive a credit against interest next due the Lenders equal to interest accrued from time to time during such period of downgrade or discontinuance and actually paid by the Borrower on the Advances at the differential between such Applicable Margins, and the differential of the Facility Fee paid during such period of downgrade. If a rating agency upgrade results in a decrease in the ABR Applicable Margin, LIBOR Applicable Margin or Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Advances and the differential on the Facility Fees during such period of upgrade.

  • Current Market Price The term "Current Market Price" shall mean (i) if the Company’s common shares are traded in the over-the-counter market or on the National Association of Securities Dealers, Inc. Automated Quotations System ("NASDAQ"), the average per Share closing bid price on the 20 consecutive trading days immediately preceding the date of exercise or date of call by the Company, as reported by NASDAQ or an equivalent generally accepted reporting service, or (ii) if the Shares are traded on a national securities exchange, the average for the 20 consecutive trading days immediately preceding the exercise date or the date of call by the Company of the daily per Share closing prices on the principal stock exchange on which the Shares are listed, as the case may be. The closing price referred to in clause (ii) above shall be the last reported sales price or, if no such reported sale takes place on such day, the average of the reported closing bid and asked prices, in either case on the national securities exchange on which the Shares are then listed.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2017, to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter Maximum Total Leverage Ratio Fiscal quarter ending September 30, 2017 5.50 to 1.00 Fiscal quarter ending December 31, 2017 4.50 to 1.00 Fiscal quarter ending March 31, 2018 4.50 to 1.00 Fiscal quarters ending June 30, 2018 and thereafter 3.00 to 1.00

  • Market disruption; non-availability 3.6.1 If and whenever, at any time prior to the commencement of any Interest Period:

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Financial Market Service Bloomberg Financial Service and any other financial information provider designated by the Depositor by written notice to the Trustee.

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