Examples of Daily Closing Price in a sentence
This means there is no Variation Margin (Cash Settlement of Revaluation Differences based on Daily Closing Price of the Instrument) to be processed for such instruments.
The Clearinghouse shall on each Bank Day prior to the Expiration Day calculate a preliminary Expiry Market Settlement amount in each applicable Series with an Open Position by adding up and off-setting (netting) any amounts payable under Sections 5.2.3 and 5.7.3, except that the Daily Closing Price on the applicable Bank Day shall be used instead of the Expiration Day Fix in such calculations.
The Clearinghouse shall on each Bank Day prior to the Expiration Day calculate a preliminary Expiry Market Settlement amount in each applicable Series with an Open Position by adding up and off-setting (netting) any amounts payable under Sections 5.2.3 and5.7.3, except that the Daily Closing Price on the applicable Bank Day shall be used instead of the Expiration Day Fix in such calculations.
The Commitment Fee due upon each Draw Down may be paid in cash from the proceeds of such Draw Down or in freely tradeable Common Shares of the Company valued at the Daily Closing Price at the time of such Draw Down, at the option of the Company.
If the Daily Closing Price on a given Trading Day in the Draw Down Pricing Period, multiplied by 0.92, is less than the Threshold Price, then the total Draw Down Amount Requested will be reduced by 1/30th, and, unless otherwise agreed by the Parties, no Shares will be purchased or sold with respect to such Trading Day and the Daily Closing Price on such Trading Day shall be excluded from the calculation of the Purchase Price.