Gap Risk Fee definition

Gap Risk Fee means the Gap Risk Fee as specified in § 1 of the Product and Underlying Data.
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Gap Risk Fee means the Gap Risk Fee as specified in § 1 of the Product and Underlying Data.The Gap Risk Fee reflects the costs of providing hedging against sudden price changes of the Underlying. The Calculation Agent will, in the case of not only immaterial changes in the probability of sudden price changes of the Underlying (such as changes in the Underlying, changes in overall market volatility), adjust the Gap Risk Fee to such changed market conditions. The extent of the adjustment is determined by the Calculation Agent acting in accordance with relevant market practice and in good faith based on the extent of the changes in the relevant market conditions. The methodology used to determine the Gap Risk Fee at the First Trade Date may not be subsequently changed to the detriment of the Security Holders. The Gap Risk Fee shall not exceed the Maximum Gap Risk Fee (including). The Issuer will provide notice of such adjustment pursuant to § 6 of the General Conditions.
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Gap Risk Fee means any fee payable by the Issuer to the Counterparty in accordance with the Gap Risk Swap set out in Annex II of this Issue Memorandum.
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Examples of Gap Risk Fee in a sentence

  • The Gap Risk Fee, Index Calculation Fee, the Management Fee, the Quanto Fee and/or the Short Selling Fee may be applied in the calculation of the Ratio.

  • No Gap Risk Fee will be payable by the Issuer following the occurrence of a Strategy Unwind Event.

  • A Gap Risk Fee shall be payable by the Issuer and shall be calculated on a Fee Accrual Date of each Fee Payment Period at a rate of 0.05 per cent.

  • Fees In case of Open End Securities, Open End Leverage Securities, Closed End Securities and Closed End Leverage Securities, the following fees may be deducted: • The Gap Risk Fee is a fee which compensates the Issuer for its on-going costs incurred in connection with the hedging of price risks for Open End Leverage Securities.

  • In case of Open End and Open End Leverage Securities, the following fees may be deducted:  The Gap Risk Fee is a fee which compensates the Issuer for its on-going costs incurred in connection with the hedging of price risks for Open End Leverage Securities.

  • In case of Open End and Open End Leverage Securities, the following fees may be deducted: • The Gap Risk Fee is a fee which compensates the Issuer for its on-going costs incurred in connection with the hedging of price risks for Open End Leverage Securities.

  • The payment of the Gap Risk Fee shall reduce the Notional Cash Deposit Balance.The Gap Risk Fee shall be calculated by dividing the number of days in the period from (and including) the most recent date from which the Gap Risk Fee begins to accrue to (but excluding) the next following Standard Maturity Date by 360.

  • Fees In case of Open End and Open End Leverage Securities, the following fees may be deducted: • The Gap Risk Fee is a fee which compensates the Issuer for its on-going costs incurred in connection with the hedging of price risks for Open End Leverage Securities.


More Definitions of Gap Risk Fee

Gap Risk Fee means the fee payable by the Issuer to the Counterparty in accordance with the Master Agreement as follows:
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Related to Gap Risk Fee

  • Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Risk Management Fee means a value expressed in percentage per year, which forms the risk premium for the Issuer. The Initial Risk Management Fee for the First Trade Date is specified in § 1 of the Product and Underlying Data. The Calculation Agent adjusts the Risk Management Fee on each Adjustment Date acting in accordance with relevant market practice and in good faith to the current market circumstances so that the ratio of the Risk Management Fee to the relevant market parameters (especially volatility of the Underlying, liquidity of the Underlying, hedging costs and lending costs (if any)) remains substantially unchanged. The adjusted Risk Management Fee is valid during the period of the respective Adjustment Date (excluding) to the immediately following Adjustment Date (including). The Calculation Agent shall after its specification notify the valid Risk Management Fee in each case pursuant to § 6 of the General Conditions.

  • Funding and Brokerage Fees means, in respect of a Series, all applicable fees other than the Arranger Fees, including, but not limited to, margin interest, securities lending fees, brokerage fees and costs of transaction taxes on the sale or purchase of Reference Assets (where relevant).

  • Arranger Fee means a fee charged by the Arranger in relation to each Series of ETP Securities, as modified by the Arranger from time to time, as set out in the Base Prospectus of the Issuer.

  • Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.

  • Tipping Fee means a fee or support price determined by the local authorities or any state agency authorised by the State government to be paid to the concessionaire or operator of waste processing facility or for disposal of residual solid waste at the landfill ;

  • Arranger Fee Letter means that certain Arranger Fee Letter related to this Agreement, entered into by the Company and dated November 23, 2015.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Impact Fees means those fees imposed so that developments bear a proportionate share of the cost of public facilities and service improvements that are reasonably related to the impacts and burdens of the Project, adopted pursuant to Morgan Hill Municipal Code Chapter 3.56 and California Government Code Section 66001 et seq.

  • Xxxxx Fargo Fee Letter means the letter agreement, dated August 13, 2010, among the Borrowers, Xxxxx Fargo Securities, LLC and Xxxxx Fargo Bank, National Association.

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Developer Fee means the fee earned by the Developer.

  • Joint Fee Letter means the Joint Fee Letter, dated July 20, 2021, among the Borrowers, Citibank, Bank of America, JPMorgan, and certain of the Arrangers.

  • Transfer Fee means the fee payable by the Hirer to the Employment Business in accordance with clause 3.7, as permitted by Regulation 10 of the Conduct Regulations;

  • Credit Risk Manager’s Fee With respect to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one twelfth, (b) the Credit Risk Manager’s Fee Rate and (c) the Scheduled Principal Balance of such Mortgage Loan as of the first day of the related Collection Period. Credit Risk Manager’s Fee Rate: 0.015% per annum.

  • Disclosable Special Servicer Fees With respect to any Serviced Loan or related REO Property, any compensation and other remuneration (including, without limitation, in the form of commissions, brokerage fees and rebates) received or retained by the Special Servicer or any of its Affiliates that is paid by any Person (including, without limitation, the Trust, any Mortgagor, any Manager, any guarantor or indemnitor in respect of a Serviced Loan and any purchaser of any Serviced Loan or REO Property (or an interest in an REO Property related to a Serviced Loan Combination, if applicable) in connection with the disposition, workout or foreclosure of any Serviced Loan, the management or disposition of any REO Property, and the performance by the Special Servicer or any such Affiliate of any other special servicing duties under this Agreement, other than (1) any compensation which is payable to the Special Servicer under this Agreement and that is set forth in a report that is part of the CREFC® Investor Reporting Package (IRP) for the applicable period, and (2) any Permitted Special Servicer/Affiliate Fees. For the avoidance of doubt, any compensation or other remuneration that an entity acting in the capacities of both the Master Servicer and Special Servicer is entitled to in its capacity as Master Servicer pursuant to this Agreement will not constitute Disclosable Special Servicer Fees.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Surplus lines broker means a person licensed pursuant to Article 5.1 (§ 38.2-1857.1 et seq.) of this

  • Contract Fee means the price, fee, rent, or royalty payable in a contract under this chapter or

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • LPMI Fee With respect to each LPMI Loan, the portion of the Mortgage Interest Rate as set forth on the related Mortgage Loan Schedule (which shall be payable solely from the interest portion of Monthly Payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds), which, during such period prior to the required cancellation of the LPMI Policy, shall be used to pay the premium due on the related LPMI Policy.

  • LC Fee is defined in Section 2.19.4.