Examples of Index Commencement Date in a sentence
The Index Calculation Agent starts the calculation of the Index on the Index Commencement Date.
Although when calculating the Index the Index Calculation Agent intends to adhere to the Index Description from the Index Commencement Date on, it cannot be ruled out that tax, regulatory, statutory, economic or other circumstances may require subsequent deviation from or amendments to the Index Description so as to ensure that the purpose of the Index can be continued to be achieved to the largest extent possible.
The Index Calculation Agent shall be free to apply a lower ICS Rate at will from the Index Commencement Date as well as from each ICS Adjustment Date.
The initial Index Level on the Index Commencement Date is 100 index points, one index point corresponding to EUR 0.01.
The Performance Fee will be calculated in accordance with the following formula: PF (t) = max(0; GIIL (t) x (up to17.70%)) Relevant Highest Level means the initial Index Level on the Index Commencement Date.