Index Month definition

Index Month means the calendar month three (3) months before the Disability Anniversary Date.
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Index Month shall have the meaning ascribed to such term in Section 11.01;
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Index Month means the calendar month four months prior to the calendar month in which a Review Date occurs. The first Index Month for any Disability will be the calendar month four months prior to the month in which Your Disability began.
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Examples of Index Month in a sentence

  • The three benchmarks of EEX AG with the largest nominal values are the German Physical Electricity Index (Phelix DE) Month Baseload with a nominal value of approximately EUR 74 billion, the French Electricity Index Month Baseload with a nominal value of approximately EUR 9.5 billion and the Phelix DE Month Peakload with a nominal value of approximately EUR 3 billion.1 1.6 Disclosures under Article 27(2a) Benchmark Regulation Reference is made to Annex I.

  • The Base Index is the month one year before the Current Index Month.

  • The sample zone was completely saturated and consisted mainly of sand with a silty sand layer in the top portion (Figure 16).

  • Constant Risk Targeting Following the determination by the Index Sponsor of the exposure of the Index to each Strategy in accordance with "Equal Risk Contribution" above, the Index Sponsor will on each Index Month End, subject as provided in section 7 (Adjustments - Top-Level Risk Control Event), calculate the Leverage Factor for the following calendar month, in order to achieve as far as practicable the target volatility for the Index of 7%.

  • The Leverage Factor will be calculated by the Index Sponsor on each Index Month End as the quotient of (a) 7 per cent (as numerator) and (b) the standard deviation of the daily percentage changes in the Unfunded Index Value on each Index Business Day in the 6 month period immediately preceding such Index Month End, annualised with the factor of the square root of 245 (as denominator), subject to a maximum of 4.

  • Equal Risk Contribution On each Index Month End, the Index Sponsor will calculate the Risk Contribution in respect of each Strategy using the Risk Contribution Methodology and will reweight the exposure of the Index to each Strategy in accordance with the Risk Contribution Methodology in order that the Risk Contribution of each Strategy is equal or, in the determination of the Index Sponsor as close to equal as is practicable.

  • The volatility on Index Month End i (Volatility (i)) is calculated as: Volatility (i) = σ (ri1, ri2, ri3 , ..,rin) * √ 245 where σ (ri1, ri2, ri3 , ..,rin) is the standard deviation of daily percentage changes in the Unfunded Index Value for the previous 6 months.

  • Calculating the Leverage Factor The Leverage Factor is calculated by the Index Sponsor on each Index Month End.

  • On Index Month End i, let ri1, ri2, ri3 , ..,rin be the daily percentage changes in the Unfunded Index Value for the previous 6 months.

  • CPIt-1 = the value of the all items consumer price index for Canada as published by Statistics Canada in the Index Month in the year t-1.


More Definitions of Index Month

Index Month means the calendar month 3 months before the Disability Anniversary Date and the first Index Month is the calendar month 3 months before the start of the period of Disability.
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Index Month means the calendar month which is 3 months before the Disability Anniversary Date.
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Index Month means December, 2000 and the month of December in each successive Operating Year (so that the Index Month for Operating Year 2001 shall be December. 2000, the Index Month for Operating Year 2002 shall be December, 2001, etc.).
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Related to Index Month

  • Index B means the index for the year prior to index A.

  • Index A means the index for the year prior to the

  • Index Days means, in the case of the SONIA Compounded Index, London Banking Days, and, in the case of the SOFR Compounded Index, U.S. Government Securities Business Days;

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Index Maturity means, with respect to any Accrual Period, a period of time equal to one month, two months and/or three months, as applicable, commencing on the first day of that Accrual Period.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Index Linked with respect to an amount at any time, means that the amount is adjusted as at each April 1st commencing April 1, 2015 by:

  • Index Start Date means 19 January 2015.

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Index Fee means 1.0% per annum. The Index Fee is charged each calendar day, beginning as of the Index Start Date. It is calculated on the basis of a 360-day year and the most recently calculated Index Closing Value.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Index Provider means, in respect of a Sub-Fund, the person responsible for compiling the Index against which the relevant Sub-Fund benchmarks its investments and who holds the right to licence the use of such Index to the relevant Sub-Fund as set out in the relevant Appendix.

  • Index Call Event means each of the following events:

  • OBFR Index Cessation Date means, in respect of an OBFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the OBFR), ceases to publish the OBFR, or the date as of which the OBFR may no longer be used.

  • Billing Month is defined in Section 9.1(b).

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the weekly average yield to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the most recent weekly average yield to maturity for two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date, and (B) the other maturity as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case as published in the most recent H.15 (519). If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Dividend Determination Date.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

  • U.S. Treasury Bill Rate on any date means (i) the Interest Equivalent of the rate on the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as such rate is made available on a discount basis or otherwise by the Federal Reserve Bank of New York in its Composite 3:30 P.M. Quotations for U.S. Government Securities report for such Business Day, or (ii) if such yield as so calculated is not available, the Alternate Treasury Bill Rate on such date. "Alternate Treasury Bill Rate" on any date means the Interest Equivalent of the yield as calculated by reference to the arithmetic average of the bid price quotations of the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as determined by bid price quotations as of any time on the Business Day immediately preceding such date, obtained from at least three recognized primary U.S. Government securities dealers selected by the Auction Agent.

  • Month means calendar month.

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.