Capped Performance definition

Capped Performance means lesser of the Performance Cap and the Call Performance “Performance” means, in respect of [the/a] Reference Item and the specified final valuation date[s], the [average] [level/price/rate/value] of such Reference Item on such specified final valuation date[s] DIVIDED BY the [average] [strike price/level/price/rate/value] of such Reference Item [on the initial valuation date[s]], expressed as a percentage “Put Performance” means 100% MINUS Relevant Performance “Relevant Performance” means [the Performance of the Reference Item/the sum of the weighted Performances for each of the Reference Items] “FX Conversion”: [Applicable and “FX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX valuation date[s] DIVIDED BY [[⚫]][, being] [the [average] [strike price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial valuation date[s]], expressed as a percentage] / [Not Applicable, FX = 1] “Call Barrier” = [⚫]% “Put Barrier” = [⚫]% “Performance Cap” = [⚫]% “Performance FloorCall” = [[⚫]%/Zero] “Performance FloorPut” = [[⚫]%/Zero] “PRCall” = [⚫]% “PRPut” = [⚫]%]
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Capped Performance means lesser of the Performance Cap and the Call Performance
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Capped Performance means lesser of the Performance Cap and the Call Performance “FX Option Conversion”: Not Applicable, OFX = 1 “Performance” means, in respect of the Reference Item and the specified final averaging dates, the average level of such Reference Item on such specified final averaging dates DIVIDED BY the initial level of such Reference Item on the initial valuation date, expressed as a percentage “Put Performance” means Put Strike MINUS Relevant Performance “Relevant Performance” means the Performance of the Reference Item “Call Barrier” = 100%
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Examples of Capped Performance in a sentence

  • Each Bearer Note so surrendered must be accompanied by all unmatured Coupons and any Talon appertaining thereto, other than the Coupon in respect of the next payment of interest falling due after the date the relevant Bearer Note has been surrendered for exchange (the “Exchange Date”) where the Exchange Date is after the Record Date for such payment of interest and is on or before the date on which such payment of interest falls due.

  • Capped Performance of any Reference Item is determined as the lower of the Performance Cap (being the percentage specified in the relevant Issue Terms) and the Call Performance of such Reference Item.

  • Capped Performance is determined as the lower of the Performance Cap (being a percentage specified in the relevant Issue Terms) and the Call Performance.

  • Individually Capped Performance is determined as the sum of the weighted Capped Performances of each of the Reference Items.

  • However, where Performance Floor is greater than Individually Capped Performance, this will operate to increase the Individually Capped Call Redemption Amount compared to what it would have been had such floor not been applied.

  • However, where Performance Floor is greater than Capped Performance, this will operate to increase the Put Spread Redemption Amount compared to what it would have been had such floor not been applied.

  • Capped Performance of Portfolio Strategy The monthly performance of the Portfolio strategy is capped between 5 to 6% of the Portfolio Strategy level as on last Business Day of previous month.

  • Where Performance Floor is less than zero, if Capped Performance is negative, the Call Spread Redemption Amount will be less than the Relevant Principal Amount and investors may receive on redemption less than the amount they originally invested.

  • Conversely, if the value of a Reference Item decreases compared to the value of such Reference Item in respect of the specified initial valuation date(s), Call Performance for such Reference Item will be negative and (subject to the Performance Floor) the value of Individually Capped Performance will decrease.

  • Where Performance Floor is less than zero, if Capped Performance is negative, the Call Spread Redemption Amount will be less than the Calculation Amount and investors may receive on redemption less than the amount they originally invested.


More Definitions of Capped Performance

Capped Performance means lesser of the Performance Cap and Call Performance;”; and (iii) Redemption Payout Condition 25.3 (Definitions) shall be amended by the insertion of the following definitions in alphabetical order therein:
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Related to Capped Performance

  • Basket Performance means a decimal number calculated by applying the following formula: BP = ∑ W ×iX ⎛⎜⎜i=1 ⎝ Underlyingi,FINAL ⎞⎟⎠Underlyingi,INITIAL ⎟ where: BP = Basket Performance X = 4 Wi = Weighting of the relevant Underlying Underlying i,FINAL Underlying i,INITIAL= Reference Price of the relevant Underlying with respect to the Valuation Date = Initial Price of the relevant Underlying

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Substantial Performance means the stage of completion when:(a) all Work, as certified by the Contract Administrator, is capable of completion or correction at a cost of not more than:

  • Unsatisfactory Performance means any of the following:

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Sexually explicit performance means a live or public act or show intended to arouse or satisfy the sexual desires or appeal to the prurient interest of patrons.

  • Certificate of Total Performance means a certificate issued indicating that the Work has been achieved;

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Worst Performance (final means the Performance of the Basket Componentj (final) specified as follows:Performance of the Basket Componentj (final) = mini= 1, ..., N [Ki (final) / Ki (initial)]

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Environmental Performance means all or any of the following: the consumption of energy and associated generation of greenhouse gas emissions; the consumption of water; waste generation and management; and any other environmental impact arising from the use or operation of the Premises or the Estate;

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e).

  • Financial Performance Covenant means the covenant set forth in Section 6.11.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.