Calculation Time definition

Calculation Time means 11:59 p.m. on the calendar day prior to the Closing Date.

Calculation Time means 11:59 p.m., New York City time, on the day immediately prior to the Closing Date.

Calculation Time means 12:01 a.m. (Pacific Time) on the Closing Date.

Examples of Calculation Time in a sentence

• Calculation Time means with respect to the Underlying, any time between theTimeReferenceOpening and the TimeReferenceClosing.

• In the event the time it takes to collect at least twenty-five (25) GFC trade prices exceeds the ten (10) seconds just prior to the Calculation Time, the Index Value is calculated by the Source Agency by taking the last twenty-five (25) GFC trade prices just prior to the Calculation Time removing the highest five (5) GFC trade prices and the lowest five (5) GFC trade prices, and using the remaining fifteen (15) GFC trade prices to calculate the Index Value.

• The indices are calculated on every Business Day and on each Calculation Time.

• That is, each second the Source Agency will calculate a Gold Index Value by taking all GFC trade prices occurring in the ten (10) seconds leading up to the Calculation Time, provided at least twenty-five (25) trade prices are captured during the ten (10) second period, removing the highest twenty (20) percent of GFC trade prices and the lowest twenty (20) percent of GFC trade prices from the data set11, and using the remaining GFC trade prices to calculate the Index Value.

• In the event the time it takes to collect at least twenty-five (25) SFC trade prices exceeds the ten (10) seconds just prior to the Calculation Time, the Index Value is calculated by the Source Agency by taking the last twenty-five (25) SFC trade prices just prior to the Calculation Time, removing the highest five (5) SFC trade prices and the lowest five (5) SFC trade prices, and using the remaining fifteen (15) SFC trade prices to calculate the Index Value.

More Definitions of Calculation Time

Calculation Time means 12:01 a.m. Eastern time on the Closing Date.

Calculation Time means 11:59 p.m., Eastern time, on the Business Day immediately prior to the Closing Date.

Calculation Time means, in respect of each Business Day and each Index, any time between 8:00 AM CET and the Fixing Time of such Index on such Business Day.

Calculation Time has the meaning assigned to such term in Section 2.23(a).

Calculation Time shall have the meaning assigned to such term in Section 2.20.

Calculation Time means the earliest of:

Calculation Time means 11:59 p.m. (Toronto time) on the day immediately prior to the Closing Date.