Benchmark Portfolio NAV definition

Benchmark Portfolio NAV means, on any day, the net asset value of the Benchmark Portfolio, calculated pursuant to the formula set forth in Appendix 1 hereto. The initial Benchmark Portfolio NAV on which the calculation of the Final Benchmark Portfolio NAV will be calculated is $95.00 per Deposit Note.
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Benchmark Portfolio NAV means, on any day, the net asset value of the Benchmark Portfolio, calculated pursuant to the formula set forth in Appendix 1 hereto.
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Benchmark Portfolio NAV means, for each series of Notes, on any Business Day, the sum of the value of all the assets of the Benchmark Portfolio, including the Reference Assets and, as the case may be, Permitted Investments, less the liabilities of the Benchmark Portfolio, including all fees and expenses borne by the Benchmark Portfolio, as calculated by the Calculation Agent, in Canadian dollars, acting in good faith and according to industry-accepted methods. The Benchmark Portfolio NAV per Note as of the Issuance Date will be equal to the Initial NAV.
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More Definitions of Benchmark Portfolio NAV

Benchmark Portfolio NAV means on any Business Day, the sum of the value of all the trust units, shares and securities of the entities comprising the Benchmark Portfolio, less the liabilities of the Benchmark Portfolio, including all fees and expenses borne by the Benchmark Portfolio, as calculated by the Calculation Agent acting in good faith and according to industry practice. The Benchmark Portfolio NAV will be initially set at 1,000;
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Benchmark Portfolio NAV means on any Business Day, the net asset value per unit of the Benchmark Portfolio, being the sum of the value of all the commodities comprising the Benchmark Portfolio, divided by the number of units representing the Benchmark Portfolio, as calculated by the Calculation Agent acting in good faith and according to industry practice. The Benchmark Portfolio NAV will be initially set at 1,000 as of the issuance date of each series of Notes;
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Benchmark Portfolio NAV means on any Business Day, the sum of the value of all the units and shares of the Funds comprising the Benchmark Portfolio, based on the Fund NAV, less the liabilities of the Benchmark Portfolio, including the Management Fee. The Benchmark Portfolio NAV will be initially set at 1,000;
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Benchmark Portfolio NAV means, for any class of Deposit Notes of any series, on any day, the net asset value of the Benchmark Portfolio, calculated pursuant to the formula set forth in Appendix 1 hereto. The Initial Benchmark Portfolio NAV will be $97.50 per Class A Note and $100.00 per Class B Note and Class F Note.
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Related to Benchmark Portfolio NAV

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Reference Portfolio Return means on any day, the weighted average return of the Reference Assets calculated as the sum of the Weighted Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio.

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Product Portfolio means a set of information related to the DS Offerings available at xxxx://xxx.0xx.xxx/terms/product-portfolio.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

  • Portfolio Asset means an asset of an investment fund;

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

  • Portfolio Adjusted Yield means, with respect to any Transfer Date, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate from the Portfolio Yield for such Monthly Period and deducting 0.5% from the result for each Monthly Period.

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Reference Portfolio means, the notional portfolio made up of each Reference Asset, as described in this Information Statement under “Reference Portfolio”.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.