CDX Index definition

CDX Index means the rate per annum determined by the Administrative Agent (a) in the case of Base Rate Loans, on the Effective Date and thereafter on the last Domestic Business Day of each calendar quarter, and (b) in the case of Euro-Dollar Loans, on the third Euro-Dollar Business Day prior to the first day of each Interest Period applicable to such Loan, and thereafter, in the case of any such Loan having an Interest Period of greater than three months, at the end of each successive three-month period during such Interest Period, in each case by reference to the closing Markit CDX.NA.IG Index Series 11 or any successor series (5 Year Period) for such day as reported by Markit Group Ltd.; provided that, to the extent the Administrative Agent determines that a rate is not ascertainable pursuant to the foregoing provisions of this definition, the “CDX Index” on any date of determination shall be the rate most recently determined by the Administrative Agent unless and until the Company and the Banks agree on an alternative method of calculating the applicable margin.
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CDX Index the rate per annum determined by the Administrative Agent (i) with respect to any Eurocurrency Loan, three (3) Business Days prior to the commencement of each Interest Period applicable to such Eurocurrency Loan, and thereafter, in the case of any Eurocurrency Loan having an Interest Period greater than three (3) months, at the end of each successive three (3) month period during such Interest Period, and (ii) with respect to any ABR Loan, on the Closing Date and on the last Business Day of each calendar quarter, in each case by reference to the closing Markit CDX.NA.IG Series 12 or any successor series (5 year period) for such day; provided that, to the extent the Administrative Agent determines that a rate is not ascertainable pursuant to the foregoing provisions of this definition, the “CDX Index” on any date of determination shall be the rate most recently determined by the Administrative Agent unless and until the Borrower and each of the Lenders agree on an alternative method of calculating the Applicable Margin.
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CDX Index means the rate per annum determined by the Administrative Agent (i) with respect to any Eurodollar Loan, three (3) Business Days prior to the commencement of each Interest Period applicable to such Eurodollar Loan, and thereafter, in the case of any Eurodollar Loan having an Interest Period greater than three (3) months, at the end of each successive three (3) month period during such Interest Period, and (ii) with respect to any Base Rate Loan, on the Closing Date and on the last Business Day of each calendar quarter, in each case by reference to the closing Markit CDX.NA.IG Series 12 or any successor series (5 year period) for such day; provided that, to the extent the Administrative Agent determines that a rate is not ascertainable pursuant to the foregoing provisions of this definition, the “CDX Index” on any date of determination shall be the rate most recently determined by the Administrative Agent unless and until the Borrower and each of the Lenders agree on an alternative method of calculating the Applicable Margin.
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Examples of CDX Index in a sentence

  • Unlike an investment in the N&C Securities, an investment in a collective investment vehicle that invests in futures or swap contracts linked to interest rates, exchange rates, broad-based credit indices (such as the CDX Index or the iTraxx Index) and broad-based equity indices (such as the S&P 500 Index) on behalf of its participants may be regulated as a commodity pool and its operator may be required to be registered with and regulated by the CFTC as a commodity pool operator.

  • Unlike an investment in the Securities, an investment in a collective investment vehicle that invests in futures or swap contracts linked to interest rates, exchange rates, broad-based credit indices (such as the CDX Index or the iTraxx Index) and broad-based equity indices (such as the S&P 500 Index) on behalf of its participants may be regulated as a commodity pool and its operator may be required to be registered with and regulated by the CFTC as a commodity pool operator.

  • This result confirms our previous finding that, when systemic funding and market liquidity problems appeared during the crisis, they had a larger effect on the ST CDX Index than on the AAA Bond Index.

  • When we repeat all the empirical analysis for the ST CDX Index spread replacing the S&P 100 Index value first with the book and market leverage ratios and then with a measure of probability of default for top-rated firms, all main results (for the cointegration, the ECM, and the significance of the liquidity variables) do not show any substantial change.

  • CDX Index is the natural logarithm of the ’CDX.NA.IG’-index spread (CDX (bps)) provided by Markit.

  • In addition, if ISDA publicly announces a Successor prior to the Trade Date but following the "Roll Date" (in the case of iTraxx Index Basket Credit Linked Notes) or "Effective Date" (in the case of CDX Index Basket Credit Linked Notes) specified in the Index Annex, such Successor will apply for the purposes of the Notes, notwithstanding such announcement occurring prior to the Trade Date.

  • This rate is also applicable to new sites that forecast to have a normal totalized maximum demand of greater than or equal to 5,000 kVA.

  • Shachar (2013) analyzes transactions in single-name CDS contracts on 35 financial firms, as well as transac- tions in CDX Index contracts.

  • For Index Basket Credit Linked Notes, the Reference Obligations as of the Issue Date of the Notes will be those set out in the Index Annex, being the list for the relevant Markit iTraxx® Europe Index (in the case of iTraxx Index Basket Credit Linked Notes) or Markit CDX™ Index (in the case of CDX Index Basket Credit Linked Notes) with the Annex Date specified in the applicable Final Terms, as published by the Index Publisher, being Markit Group Limited as of the date of this Base Prospectus).

  • The Fund will gain both long and short exposure to equity indices, credit indices and fixed income indices, (including the S&P 500 Index, the Nikkei Stock Average (Nikkei 225) Index and the Markit North American High Yield CDX Index) through indirect investment utilising FDI.


More Definitions of CDX Index

CDX Index means, as of the Issue Date, the reference entities referenced in the Dow Jones CDX NA IG Series VI (CDX.NA.IG Series VI) (with a scheduled maturity falling on 20 June 2016) as set out in Schedule 1B to Annex B to the Final Terms and at any time thereafter means the portfolio of reference entities referenced in the then current series of the Dow Jones CDX NA IG (or any successor thereto) as at such time as determined by the Determination Agent in its sole and absolute discretion (and, if there is no successor, the composition of the CDX Index shall be determined by the Determination Agent in its sole and absolute discretion);
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CDX Index means, as of any date of determination, the Markit CDX.NA.IG Series 12 or any successor series (5 Year Period), as available on such date to the applicable office of the Administrative Agent. The CDX Index will be determined (a) in the case of Eurocurrency Rate Advances, on the Business Day on which the Eurocurrency Rate for the initial and any subsequent Interest Period applicable thereto is set and, for such Eurocurrency Rate Advances with an Interest Period longer than three months, at the end of each successive three-month period after the first day of such Interest Period and (b) in the case of Base Rate Advances, on the Effective Date and on the first Business Day of each calendar quarter thereafter.
Sample 1
CDX Index means, on any day, the then current series and version of the CDXTM.NA.IG index or any successor index determined by the Calculation Agent in accordance with Additional Provision 9(A).
Sample 1
CDX Index means (x) until September 20, 2014, the index identified as Markit CDX NA IG Series 22 and reported under Bloomberg Ticker “CDX IG CDSI S22 5Y <CORP>” and (y) on and after September 20, 2014, the index identified as Markit CDX NA IG Series 23 and reported under Bloomberg Ticker “CDX IG CDSI S23 5Y <CORP>”.
Sample 1
CDX Index means the spot rate of the Markit CDX.NA.IG Series 11 or any successor series (5 Year Period) on each Reset Date.
Sample 1

Related to CDX Index

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

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

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

  • CMT Index Not applicable.

  • 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.

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • Compounded Index means either the SONIA Compounded Index or the SOFR Compounded Index, as specified in the relevant Final Terms;

  • SOFR IndexEnd means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the Interest Payment Date relating to such Interest Accrual Period (or in the final Interest Accrual Period, the Maturity Date).

  • SOFR IndexStart means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the first date of the relevant Interest Accrual Period (a "SOFR Index Determination Date").

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

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

  • 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%.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • Final Index Price means the average of the Index Prices for the 20 consecutive full trading days ending on the trading day prior to the Determination Date.

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • Retail Prices Index means the general index (for all items) published by the Office for National Statistics or, if that index is not published for a relevant month, any substituted index or index figures published by that Office;

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Bloomberg or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Bloomberg or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.]

  • Initial Index Price means the sum of each per share closing price of the common stock of each company comprising the Index Group multiplied by the applicable weighting, as such prices are reported on the consolidated transactions reporting system for the market or exchange on which such common stock is principally traded, on the trading day immediately preceding the public announcement of the Agreement.

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

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

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

  • SONIA Compounded IndexEnd means the SONIA Compounded Index Value on the date falling “p” London Business Days prior to (i) in respect of an Interest Accrual Period, the Interest Payment Date for such Interest Accrual Period, or (ii) if the Notes become due and payable prior to the end of an Interest Accrual Period, the date on which the Notes become so due and payable; and

  • Index Group means the NASDAQ Bank Index.