Current Financing Level definition

Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the Financing Level Currency, in accordance with the following formula:
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Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each Trading Day, in accordance with the following formula:
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Current Financing Level means, in respect of the Issue Date, the Initial Financing Level and in respect of any subsequent calendar day, an amount determined by the Issuer equal to:
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Examples of Current Financing Level in a sentence

  • Following a Stop Loss Event:(Stop Loss Termination Reference Price - Current Financing Level) x Entitlement, less Expenses (the " Stop Loss Cash Amount"),provided that the Cash Amount shall not be less than zero.

  • The Calculation Agent shall regularly adjust the Current Financing Level and the Current Stop Loss Level to cover the financing and other costs of the Issuer.

  • PERFORMANCE OF UNDERLYING ASSET OR OTHER VARIABLE, AND OTHER INFORMATION CONCERNING THE UNDERLYING ASSET AND/OR OTHER UNDERLYING The Issuer will use reasonable efforts to publish the Current Financing Level, Current Stop Loss Level on http://www.bmarkets.comIndex Disclaimer: See the Annex hereto 6.

  • PERFORMANCE OF UNDERLYING ASSET OR OTHER VARIABLE, AND OTHER INFORMATION CONCERNING THE UNDERLYING ASSET AND/OR OTHER UNDERLYING The Issuer will use reasonable efforts to publish the Current Financing Level, Current Stop Loss Level on http://www.bmarkets.com 6.

  • If the Rollover Spread is negative, this will increase the Current Financing Level and the value of the Securities will fall (in the case of "long" Securities) or rise (in the case of "short" Securities).

  • If the Rollover Spread is positive, this will reduce the Current Financing Level and the value of the Securities will rise (in the case of "long" Securities) or fall (in the case of "short" Securities).

  • Once the Rollover has been completed, in respect of Mini Future Securities or Turbo Securities the Current Financing Level shall be adjusted on the basis of the prices for the new future contract.

  • If the Relevant Underlying is a commodity futures contract or a bond futures contract, the Current Financing Level may be adjusted on dates (if any) on which such futures contract is rolled forward, by deducting the Rollover Spread.

  • Mini Future Securities, Constant Leverage Securities and Turbo Securities enable investors to participate in any gains or falls in the value of the Relevant Underlying by investing only part of the value of the Relevant Underlying with the remaining portion financed by the Issuer (this is represented by the Current Financing Level).

  • FLnew Current Financing Level after the adjustment.FLold Financing Level before the adjustment.Financing Spread ("FS") Will be set between 1% and 25%, as determined by theCalculation Agent.


More Definitions of Current Financing Level

Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each Trading Day, in accordance with the following formula:(c) the Current Financing Level on the immediately preceding Trading Day; plus (d) Funding Cost. The Current Financing Level on the Launch Date is the level specified as such in the definition of the relevant Series in the applicable Final Terms;
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Current Financing Level means, subject to adjustment in accordance with Product Condition 4, an amount (which shall be deemed to be a monetary value in the Financing Level Currency) determined by the Calculation Agent, on each day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the Financing Level Currency, in accordance with the following formula:(c) the Current Financing Level on the previous Reset Date; minus (d) Handling Cost; minus (e) if such determination is to be made on a Rollover Date, the corresponding Rollover Spread.The Current Financing Level on the Launch Date is the level specified as such in the definition of the relevant Series in the applicable Final Terms;
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Current Financing Level means, unless otherwise specified in the definition of the relevant Series
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Current Financing Level means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, subject to adjustment in accordance with Product Condition 4, an
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Current Financing Level or "CFL" means, in respect of:
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Related to Current Financing 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.

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

  • Applicable Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating or the then-applicable Xxxxx’x Rating as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating AA or higher or Xxxxx’x Rating Aa2 or higher 1 S&P Rating AA- or Xxxxx’x Rating Aa3 2 S&P Rating A+ or Xxxxx’x Rating A1 3 S&P Rating A or Xxxxx’x Rating A2 4 S&P Rating A- or below or Xxxxx’x Rating A3 or below or unrated 5 The Applicable Rating Level for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher (better) of such ratings shall control, unless the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Secured Indebtedness Leverage Ratio means, with respect to any Person, at any date, the ratio of (1) the Consolidated Total Indebtedness of such Person that is secured by a Lien on any assets of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with IFRS) less the amount of cash, Cash Equivalents and debt service reserve accounts in excess of any Restricted Cash held by such Person and its Restricted Subsidiaries as of such date of determination to (2) Consolidated EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred. In the event that the specified Person or any of its Subsidiaries which are Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Indebtedness Leverage Ratio Calculation Date”), then the Secured Indebtedness Leverage Ratio will be calculated giving pro forma effect (as determined in good faith by a responsible accounting or financial officer of the Company) to such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom; provided that the Company may elect pursuant to an Officer’s Certificate delivered to the Trustee to treat all or any portion of the commitment under any Indebtedness as being incurred at such time, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time. In addition, for purposes of calculating the Secured Indebtedness Leverage Ratio:

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