Income Component definition

Income Component means, for any Issuance Order Date or any Redemption Order Date occurring during any Calculation Period, the portion of the Per Share Underlying Value of each Up-MACRO or Down-MACRO Holding Share to be issued on the related Issuance Date or redeemed on the related Redemption Date that represents the Up-MACRO or Down-MACRO Earned Income Accrual allocable to such share during the period from the last preceding Distribution Date to such Issuance Order Date or Redemption Order Date, as applicable.
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Income Component means, for any Issuance Order Date or any Redemption Order Date occurring during any Calculation Period, the portion of the Per Share Underlying Value of each Up or Down MacroShare to be issued on the related Issuance Date or redeemed on the related Redemption Date that represents the Up or Down Earned Income Accrual allocable to such share during the period from the last preceding Distribution Date to such Issuance Order Date or Redemption Order Date, as applicable.
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Income Component has the meaning set forth in Section 1.3(b).
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Examples of Income Component in a sentence

  • Ongoing Participation Levels The Cushion is used to determine the allocation to the Baskets (the “Baskets Allocation”) and to the Fixed Income Component.

  • The performance of the Fixed Income Component depends on the value on a given date of a portfolio of government bonds issued by the Republic of Italy having a maturity shorter or similar to the Cash Maturity Date.

  • Zero Coupon Trigger Event If a Zero Coupon Trigger Event occurs, the level of the Portfolio allocated to the Baskets will be reduced to zero and the Portfolio will be 100% allocated to the Fixed Income Component and will perform in a similar manner to a zero coupon bond issued by the Republic of Italy until the Cash Maturity Date.

  • Fixed Income Component means the portion of the Portfolio which aims to deliver the Minimum Protection Level per Share on the Scheduled Maturity Date.

  • Fixed Income Component The Fixed Income Component shall comprise a number of coupon bearing and zero coupon bonds and strips issued by the Republic of Italy, in accordance with the Investment Restrictions, which will mature on or before the Cash Maturity Date at par, with the amount invested in the Fixed Income Component at any time being determined by the CPPI Strategy.

  • The allocation between the Equity Component and the Debt/ Income Component may vary depending upon changes in the value of the Fund and macroeconomic changes.

  • The remaining 30-40% of the Portfolio shall be allocated to the Fixed Income Component.

  • On the Portfolio Date or at any later time the Fund may invest partially in the Fixed Income Component to ensure it reaches the Minimum Protection Level at the Scheduled Maturity Date.

  • For the avoidance of doubt the algorithmic formula applies only to the allocation between the Fixed Income Component and the Basket, but not to the allocation within the Baskets.

  • In addition, investors should note as the CPPI Strategy is a predetermined methodology, it may be the case that the Portfolio is not exposed to the best performing assets or instruments b) Under the CPPI Strategy, in order to protect the Minimum Protection Level, during any periods of negative performance of the Baskets, the allocation of the Portfolio to the Baskets may be reduced and, conversely, the allocation to the Fixed Income Component may be increased.

Related to Income Component

  • Class C Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Class E Component The Component having such designation.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class B Component The Component having such designation.

  • Cash Component means that portion, if any, of the Conversion Shares Offer Consideration consisting of cash.

  • Accrual Components As specified in the Preliminary Statement.

  • NOPAT means cash adjusted net operating profits after taxes for the Plan Year, calculated as follows:

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Dilution Volatility Component means the product (expressed as a percentage) of (i) the difference between (a) the highest three (3)-month rolling average Dilution Ratio over the past 12 months and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.

  • Class A-2 Component The Component having such designation.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Component means an article, material, or supply incorporated directly into an end product.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Class A-1 Component The Component having such designation.

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".