Average Level definition

Average Level means the arithmetic average of each [Opening Level] [Closing Level] [Intraday Level] [Observation Level] observed by the Calculation Agent on each Averaging Date.
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Average Level means the arithmetic average of each [Opening Level] [Closing Level] [Intraday Level] [Observation Level] observed by the Calculation Agent on each Averaging Date. "Averaging Date" means each of []. "Barrier" means [[] per cent.] [n * [] per cent.] [Asset Initial * [] per cent.] [Asset Initial * n * [] per cent.] [Asset Early * [] per cent.] [Asset Early * n* [] per cent.] [Asset Lookback * [] per cent.] [Asset Lookback * n * [] per cent.]. "Barrier (Early)" means: (a) where Barrier Condition Early (European) is applicable: [[] per cent.] [n * [] per cent.]; or (b) where Barrier Condition Early (Bermudan) is applicable: [[] per cent.] [n * [] per cent.];or (c) where Barrier Condition Early (American) is applicable: [Asset Initial * [] per cent.] / [Asset Initial * [] per cent. * n]. "Barrier (Final)" means: (a) where Barrier Condition Final (European) is applicable, [] per cent.; or (b) where Barrier Condition Final (American) is applicable, Asset Initial * [] per cent. "Barrier Condition" shall mean [Barrier Condition Early] [Barrier Condition Final]. "Barrier Condition Early" shall mean [Barrier Condition Early (European)] [Barrier Condition Early (Bermudan)] [Barrier Condition Early (American)]. "Barrier Condition Early (American)" shall be deemed satisfied if the Calculation Agent determines that on [each] [any] [Scheduled Observation Date] [Valuation Date] [Calculation Date] [related to the relevant Barrier Early Calculation Date] the Asset Level of [each] [any] [the] [Basket] Asset is at [all] [the] [any] time[s] greater than [or equal to] Barrier (Early). "Barrier Condition Early (Bermudan)" shall be deemed satisfied if the Calculation Agent determines that on any [Scheduled Observation Date] [Valuation Date] [Calculation Date] [during the Observation Period], Asset Early Performance is greater than [or equal to] Barrier (Early). "Barrier Condition Early (European)" shall be deemed satisfied if the Calculation Agent determines that on [the relevant] [each] [Scheduled Observation Date] [Valuation Date] [Calculation Date], Asset Early Performance is greater than [or equal to] Barrier (Early). "Barrier Condition Final" shall mean [Barrier Condition Final (European)] [Barrier Condition Final (American)]. "Barrier Condition Final (American)" shall be deemed satisfied if the Calculation Agent determines that on [each] [any] [Scheduled Observation Date] [Valuation Date] [Calculation Date] the Asset Level of [each] [any] [the] [Basket] Asse...
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Average Level means the arithmetic mean of the Index Levels observed on each Averaging Date (as defined in paragraph 28.6 below), i.e. the sum of the Index Levels observed on each of the five (5) Averaging Dates divided by five (5).
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Examples of Average Level in a sentence

  • The Community Noise Equivalent Level (CNEL) and Day-Night Average Level (Ldn) account for the time of day and duration of noise generation.

  • The Average Level is determined by randomly selecting at least 5 samples from 5 different lots of Covered Products (or the maximum number of lots available for testing if less than 5) during a testing period of at least 60 days.

  • The Calculation Agent shall determine the Level of the Underlying Basket on each Calculation Date, the Average Level of the Underlying Basket and the Maturity Payment Amount payable for each Security.

  • If the Bank does not exercise its right to call the Deposit Notes prior to maturity, as the Reference Portfolio Average Level is 1,038.39, the Reference Portfolio Return will be-5.29%, the Variable Return will be $0.00 and the Maturity Redemption Amount payable on the Maturity Payment Date will be $100.00.

  • The Community Noise Level Equivalent (CNEL) and the Day-Night Average Level (DNL or Ldn) are such indices.

  • Ldn, or Day Night Average Level, is similar to CNEL except the weighted measure of noise includes a 10-dB penalty added to noise occurring between 10 p.m. and 7 a.m. when people are generally more sensitive to noise.

  • The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Average Level, the Average Index Return, the Supplemental Redemption Amount, Market Disruption Events, Successor Indices, and Business Days.

  • The statistics of the cell flow are used for deriving the value of a and for calculating the main term of the equation (the log- moment generating function of process).

  • The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Average Level, the Average Basket Return, the Supplemental Redemption Amount, Market Disruption Events, and Business Days.

  • The Community Noise Equivalent Level (CNEL) and Day-Night Average Level (Ldn) are noise indices which account for differences in intrusiveness between day- and night-time uses.


More Definitions of Average Level

Average Level means the arithmetic average of Compounding Levelm on each of the Averaging Dates; and
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Average Level means for each Market Sector the average of the Levels of the Market Sector on the Market Direction Assessment Date over (i) the last 12 Market Direction Assessment Dates including the current Market Direction Assessment Date for Developed Equities Market, European and Asian Real Estate Equities Market and Gold Market, and
Sample 1
Average Level means the arithmetic average of each Closing Level observed by the Calculation Agent on each Averaging Date.
Sample 1

Related to Average Level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period;

  • Average VWAP per share over a certain period shall mean the arithmetic average of the VWAP per share for each Trading Day in such period.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Base Level means the following amounts plus the percentage

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

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

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Remaining Weighted Average Life on a given date with respect to any Equipment Note shall be the number of days equal to the quotient obtained by dividing (a) the sum of each of the products obtained by multiplying (i) the amount of each then remaining scheduled payment of principal of such Equipment Note by (ii) the number of days from and including such determination date to but excluding the date on which such payment of principal is scheduled to be made, by (b) the then outstanding principal amount of such Equipment Note.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Average weekly wage means the amount derived by dividing an