Closing Basket Level definition

Closing Basket Level means, with respect to any day, the sum of the products of the Closing Index Level of each Component Index on that day and the applicable Multiplier for such Component Index.
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Closing Basket Level means on any Business Day the sum of the products of each Basket Stock's Closing Price on that day multiplied by that Basket Stock's Reference Amount on that day.
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Closing Basket Level means, with respect to any day, the sum of the products of the Closing Level of each Component Index on that day and the applicable Multiplier for such Component Index.
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Examples of Closing Basket Level in a sentence

  • EXCHANGE VALUE: a cash amount equal to the product of (i) the Exchange Rate times (ii) the Closing Basket Level on the Exchange Notice Date as specified in section 4 on the face of this Security.

  • On the Call Notice Date (or if the Call Notice Date is not the Pricing Date, on the Section 6(b) Calculation Day as defined in section 6(c)), the Calculation Agent (i) will determine the Closing Basket Level on such date, (ii) will multiply such Closing Basket Level by both the Exchange Rate and the Outstanding Face Amount on such date and (iii) will divide the resulting product by $1,000, subject to section 6(c) below.

  • If a Market Disruption Event occurs or is continuing on a day that would otherwise be a Pricing Date and on each subsequent Business Day through and including the Latest Possible Pricing Date, the Calculation Agent will nevertheless determine the Closing Basket Level (and the Deferred Pricing Date will occur) on the Latest Possible Pricing Date.

  • If a Call Notice is given and the Calculation Agent uses the Closing Basket Level (however determined as aforesaid) on a Deferred Pricing Date as provided in clause (i) or (ii) above, the Call Date shall be the later of (x) the fifth Business Day after such Deferred Pricing Date and (y) the original Call Date specified in the Call Notice.

  • If the Closing Basket Level that must be used to determine the Exchange Value is not available on the Exchange Notice Date, either because of a Market Disruption Event or for any other reason, the Calculation Agent will nevertheless determine that Closing Basket Level based on its assessment, made in its sole discretion, of the market value of the Basket on such Exchange Notice Date.

  • Solely for this purpose, the Exchange Notice Date for an Automatic Exchange will be the Business Day for which the Closing Basket Level or other market value of the Basket is used to determine the amount of cash payable in such exchange.

  • On the Determination Date, the Calculation Agent (i) will determine the Closing Basket Level on the Determination Date, (ii) will multiply such Closing Basket Level by both the Exchange Rate and the Outstanding Face Amount on such date and (iii) will divide the resulting product by $1,000, subject to section 6(c) below.

  • If a Market Disruption Event occurs or is continuing on a day that would otherwise be a Pricing Date, then the Calculation Agent will use, instead of the Closing Basket Level on such day, the Closing Basket Level on the first Business Day after such day on which no Market Disruption Event occurs or is continuing.


More Definitions of Closing Basket Level

Closing Basket Level means a value determined by the Calculation Agent in accordance with the following formula: AggregatedWeightedClosing MarketValue 115,967.7846
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Related to Closing Basket Level

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.

  • Available Basket Amount means, at any date of determination, an amount (which shall not be less than $0) determined on a cumulative basis equal to the difference between: (a) the sum (without duplication) of: (i) $35,000,000, plus (ii) Cumulative Consolidated Net Income (which shall not be less than zero), plus (iii) the aggregate amount of dividends and distributions received by Borrower or its Restricted Subsidiaries in the form of Cash or Cash Equivalents on or prior to such date from Investments acquired or made utilizing the Available Basket Amount, plus (iv) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Second Amendment Effective Date, the fair market value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary (which shall not exceed the original amount of such Investment), plus (v) the Net Cash Proceeds received from any issuance or sale of its Equity Interests occurring after the Closing Date (other than issuances of Disqualified Stock and issuances or sales pursuant to an employee stock ownership plan or other employee benefit plan and excluding Net Cash Proceeds of any issuance or sale of Equity Interests for a specifically identified purpose that were expended for such specifically identified purpose without a corresponding reduction of the Available Basket Amount), plus (vi) the after-tax amount (after taking into account any available tax credit or deductions and any tax sharing arrangements) of all Distributions received in Cash by the Loan Parties after the Closing Date that are attributable to their Equity Interests in any Joint Venture or any Subsidiary that is not a Subsidiary Guarantor, plus (vii) all Net Cash Sales Proceeds received from Dispositions permitted by this Agreement, minus (b) the aggregate amount of all Investments, Capital Expenditures, Distributions and payments in respect of Subordinated Obligations, in each case to the extent made after the Closing Date with amounts available under the Available Basket Amount.

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Heating Value means the heat released by combustion of one pound of waste or fuel measured in Btu on an as received basis. For solid fuels, the heating value shall be determined by use of ASTM Standard D2015-66.

  • Target Net Working Capital Amount means $0.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • RI Closing Value means, in respect of a Reference Item and a ST Valuation Date, the Settlement Level (as defined in the Equity Linked Conditions) on such ST Valuation Date.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Ending Value means the average of the values of the Basket at the close of the market on five business days shortly before the maturity date of the Notes. We may calculate the Ending Value by reference to fewer than five or even a single day's closing value if, during the period shortly before the maturity date of the Notes, there is a disruption in the trading of a sufficient number of stocks included in any Basket Index or certain futures or options contracts relating to a Basket Index.

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Gross Heating Value means the total heat expressed in megajoules per cubic metre (MJ/m³) produced by the complete combustion at constant pressure of one (1) cubic metre of gas with air, with the gas free of water vapour and the temperature of the gas, air and products of combustion at standard temperature and all water formed by the combustion reaction condensed to the liquid state;

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Target Working Capital Amount means $162,000,000.

  • Bid Valuation Date means May 10, 2010.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Approved Valuation Firm means (a) each of (i) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx, (ii) Lincoln International LLC (f/k/a Lincoln Partners LLC), (iii) Duff & Xxxxxx Corp. and (iv) Valuation Research Corporation, and (b) any other nationally recognized valuation firm approved by each of the Borrower and the Administrative Agent in their sole reasonable discretion.

  • Valuation Cap means $8,000,000.

  • Final Share Level means the Share Level at the Valuation Time on the Valuation Date.