Derivative Asset definition

Derivative Asset means any Right deriving from or occurring to a holder of the Charged Shares, including:

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Derivative Asset means all allotments, rights, benefits and advantages (including all voting rights) at any time accruing, offered or arising in respect of or incidental to any asset and all money or property accruing or offered at any time by way of conversion, redemption, bonus, preference, option, dividend, distribution, interest or otherwise in respect of an asset in each case to the extent legally or beneficially owned by a Chargor.

Derivative Asset means any interest, dividend, security, right, policy of life assurance money or other intangible moveable property at any time hereafter derived from or created or issued in substitution for the Charged Balance and/or the Charged Property;

Examples of Derivative Asset in a sentence

• The Interim Value is equal to the sum of the Fixed Income Asset Proxy and the Derivative Asset Proxy calculated as described in your Crediting Method endorsements.

• The Derivative Asset Proxy is the Market Value, on the date the Interim Value is calculated, of a hypothetical portfolio of options designed to replicate the Index Adjustment.

• See the Crediting Method Endorsements for details on the calculation of the Derivative Asset Proxy for the crediting method(s) You have elected.

• The Indexed MNA Derivative Asset Proxy uses a fair value methodology to value replicating the portfolio of options that support this product.

• You are permitted to reproduce, modify, translate and adapt the Asset to create a derivative work of the Asset (a “Derivative Asset”) for your limited internal use; this Agreement does not otherwise permit you to reproduce, modify, translate or adapt the Products or a Derivative Asset, or to sell, sublicense, rent, lease, distribute or otherwise transfer all or any portion of the Products or a Derivative Asset.

More Definitions of Derivative Asset

Derivative Asset means all allotments, rights, benefits and advantages (including all voting rights) at any time accruing, offered or arising in respect of or incidental to the Members' Interests and all money or property accruing or offered at any time by way of conversion, redemption, bonus, preference, option, dividend, distribution, interest or otherwise in respect of the Members' Interests.

Derivative Asset means any dividend, distribution, interest on dividends and distributions, stock, share or other security, right, money or other intangible moveable property at any time after the date of this security agreement derived from or accruing, offered or created in relation to, or issued in substitution for, all or any part of the Charged Property;