Index Ratio applicable to any date means the Index Level applicable to the relevant Index Determination Date divided by the Base Index Level and rounded to the nearest fifth decimal place, 0.000005 being rounded upwards; and
Index Ratio has the meaning set forth in Section 7.01(i).
Examples of Index Ratio in a sentence
During the five business day period commencing with NWBI’s receipt of such notice, NWBI shall have the option to increase the Exchange Ratio to equal a quotient, the numerator of which is equal to the product of the NWBI Market Price, the Exchange Ratio (as then in effect), and the Index Ratio minus 0.20 and the denominator of which is equal to the NWBI Market Value on the Determination Date.
More Definitions of Index Ratio
Index Ratio has the meaning set forth in Section 8.01(g).
Index Ratio applicable to any month or date, as the case may be, means the Index Figure applicable to such month or date, as the case may be, divided by the Base Index Figure and rounded to the nearest fifth decimal place;
Index Ratio shall have the meaning set forth in Section 10.1(i).
Index Ratio has the meaning set forth in Section 9.01(i)(ii)
Index Ratio applicable to any month means the Index Figure applicable to such month divided by the Base Index Figure.
Index Ratio shall have the meaning set forth in Section 8.1(j).
Index Ratio applicable to any date means the Index Level applicable to the relevant Index Determination Date divided by the Base Index Figure and rounded to the nearest fifth decimal place (0.000005 being rounded upwards); and