Closing Level of the Basket definition

Closing Level of the Basket means the sum of the following amounts calculated with respect to each Underlying Equity Security on the Calculation Date: (i) the Closing Price of such Underlying Equity Security, plus any cash or other equity securities attributable to one share or unit of such Underlying Equity Security as described in Section 4 of this Annex A, multiplied by (ii) the Ending Multiplier for such Underlying Equity Security.
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Closing Level of the Basket means the sum of the following amounts calculated with respect to each Underlying Equity Security on the Calculation Date: (i) the Closing Price of such Underlying Equity Security, plus any cash or other equity securities attributable to one share or unit of such Underlying Equity Security as described in Section 4 of Annex A of the Calculation Agency Agreement, multiplied by (ii) the Ending Multiplier for such Underlying Equity Security.
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Closing Level of the Basket when used with respect to any Payment Determination Date, shall equal the sum of (a) the Ending Level of the Nasdaq Biotechnology Index multiplied by 0.109112 and (b) Ending Level of the Dow Xxxxx U.S. Total Market Healthcare Index multiplied by 0.130129.
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Examples of Closing Level of the Basket in a sentence

  • The Maturity Payment Amount shall equal (i) the Closing Level of the Basket and (ii) any accrued but unpaid interest through the Stated Maturity Date.

  • The Calculation Agent shall determine (a) the Maturity Payment Amount on the Calculation Date, (b) the Redemption Payment Amount on the Redemption Date, (c) the Closing Level of the Basket, (d) the Starting Multipliers and Ending Multipliers for each of the Underlying Equity Securities in the Basket, (e) any required adjustments to the Multipliers of the Underlying Equity Securities in the Basket and (f) whether a Market Disruption Event has occurred.

  • The Calculation Agent shall also be responsible for (a) the determination of the Closing Level of the Basket, (b) whether adjustments to the Multipliers should be made and (c) whether a Market Disruption Event has occurred.

  • The Calculation Agent shall also be responsible for (a) the determination of the Closing Level of the Basket, (b) whether adjustments to the Component Indices should be made, (c) the determination of the Successor Index if publication of a Component Index is discontinued and (d) whether a Market Disruption Event has occurred.

  • The Closing Level of the Basket used to calculate the Alternative Redemption Amount shall be determined by the Calculation Agent.

Related to Closing Level of the Basket

  • 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.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI Pricing applies on any day.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • 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.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Index Ratio means the Final Index Price divided by the Initial Index Price.

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • 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.