Applicable Market Index definition

Applicable Market Index means the BMO Small Capitalization Equity Only Weighted Total Return Index.
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Applicable Market Index means in the case of: (i) Norrep II Class, the BMO Small Capitalization Equity Only Weighted Total Return Index; (ii) Norrep Energy Plus Class (formerly, Norrep Energy Class), S&P/TSX Capped Energy Total Return Index; (iii) Norrep Entrepreneurs Class, 100% BMO Small Capitalization Equity Only Weighted Total Return Index; and (iv) Norrep Tactical Opportunities Class, 60% S&P/TSX Total Return Index, 20% Russell 3000 Index in Local Currency and 20% FTSE TMX Canada Universe Bond Index.
Sample 1
Applicable Market Index means in the case of: (i) NCM Small Companies Class, the BMO Small Capitalization Equity Only Weighted Total Return Index; and (ii) NCM Entrepreneurs Class, the 100% BMO Small Capitalization Equity Only Weighted Total Return Index.
Sample 1

Examples of Applicable Market Index in a sentence

  • This is 20% times (Series performance minus the Applicable Market Index performance) times (average series net asset value) = Outperformance Amount.

  • However, within the Minimalist Program (MP), Xxxxxxx (1995) proposed that meaning is to be found in the LF level of representation.

  • All the participants (except P5) were familiar with braille and all of them affirmed that they knew how to write on paper.

  • Example: If:Series Return = 12% Applicable Market Index Return = 10% Average Series Net Asset Value = $20 million Outperformance Amount=20% x (12% - 10%) x $20 million =20% x 2% x $20 million =$80,000.00 Even if the Outperformance Amount is positive, the Manager will not be paid the Performance Fee unless: 1.

  • Performance Fee With respect to Norrep II Class, Norrep Energy Class, Norrep Entrepreneurs Class and Norrep Tactical Opportunities Class (the “Performance Fee Funds”), the Manager is entitled to a performance fee (“Performance Fee”) if the series return of the applicable Fund exceeds the return of its Applicable Market Index during the same period.

  • Performance Fee With respect to Norrep II Class, Norrep Energy Plus Class (formerly, Norrep Energy Class), Norrep Entrepreneurs Class, and Norrep Tactical Opportunities Class (the “Performance Fee Funds”), the Manager is entitled to a performance fee (“Performance Fee”) if the series return of the applicable Fund exceeds the return of its Applicable Market Index during the same period.


More Definitions of Applicable Market Index

Applicable Market Index means in the case of: (i) NCM Small Companies Class (formerly, Norrep II Class), the BMO Small Capitalization Equity Only Weighted Total Return Index; (ii) NCM Energy Plus Class (formerly, Norrep Energy Plus Class), S&P/TSX Capped Energy Total Return Index; (iii) NCM Entrepreneurs Class (formerly, Norrep Entrepreneurs Class), 100% BMO Small Capitalization Equity Only Weighted Total Return Index; and (iv) NCM Tactical Opportunities Class (formerly, Norrep Tactical Opportunities Class), 60% S&P/TSX Total Return Index, 20% Russell 3000 Index in Local Currency, and 20% FTSE TMX Canada Universe Bond Index.
Sample 1

Related to Applicable Market Index

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Applicable Market Value has the meaning specified in Section 5.1.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • CMT Index Not applicable.

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • CPI Index is defined in Section 2.1(c) of this Agreement.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Reference Market Price shall initially mean $25.165 and, in the event of any adjustment to the Conversion Price pursuant to Sections 15.5(a), (b), (c), (d), (e), (f) or (g), the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of $25.165 to the initial Conversion Price specified in the form of Debenture attached hereto (without regard to any adjustment thereto).

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Designated Eurodollar Market means, with respect to any Eurodollar Rate Loan, the London Eurodollar Market.

  • Underlying Index means each of the S&P 500 Index, the Russell 2000 Index, the MSCI EAFE Index, and the MSCI Emerging Markets Index. The “Pricing Date” shall mean January 31, 2011. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 45% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares Russell 2000 Index Fund; (C) 20% of the Component Return of the iShares MSCI EAFE Index Fund; and (D) 15% of the Component Return of the iShares MSCI Emerging Markets Index Fund. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust (128.67); iShares Russell 2000 Index Fund (77.95); iShares MSCI EAFE Index Fund (59.44); and iShares MSCI Emerging Markets Index Fund (45.81). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti-dilution Adjustments.” The “Capped Value” is 135% of the Face Amount of this Security. The “Threshold Price” is equal to 85% of the Starting Price. The “Participation Rate” is 125%.

  • Eurodollar Market means a regular established market located outside the United States of America by and among banks for the solicitation, offer and acceptance of Dollar deposits in such banks.

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.