Index Valuation Time means:(a) for the purposes of determining whether a Market Disruption Event has occurred:(aa) in respect of any Component Security, the Scheduled Closing Time of the relevant Index Component Exchange; and(bb) in respect of any options contracts or futures contracts referencing the Index, the close of trading on the related securities exchange; and(b) in all other circumstances, the time at which the official closing level of the Index is calculated and published by the Index Sponsor. Market Disruption Event: means either:(a) the occurrence or existence, in respect of any Component Security, of:(1) a Trading Disruption in respect of such Component Security, which the Calculation Agent determines is material, at any time during the one hour period that ends at the relevant Index Valuation Time in respect of the Index Component Exchange on which such Component Security is principally traded;(2) an Exchange Disruption in respect of such Component Security, which the Calculation Agent determines is material, at any time during the one hour period that ends at the relevant Index Valuation Time in respect of the Index Component Exchange on which such Component Security is principally traded; or(3) an Early Closure in respect of such Component Security;AND(b) the aggregate of all Component Securities in respect of which a Trading Disruption, an Exchange Disruption or an Early Closure occurs or exists comprises 20 per cent. or more of the level of the Index; OR(ii) the occurrence or existence, in respect of futures or options contracts relating to the Index, of: (a) a Trading Disruption; (b) an Exchange Disruption, which in either case the Calculation Agent determines is material, at any time during the one hour period that ends at the IndexValuation Time in respect of the Index Component
Index Valuation Time means the Scheduled Closing Time on the Index Valuation Date.
Index Valuation Time means the time of the official determination of the closing Index Level by the Index Sponsor on the relevant Index Valuation Date.
Examples of Index Valuation Time in a sentence
The Closing Level will be published by the Index Sponsor (see paragraph 14 (Publication of Closing Levels and Adjustments) below) as soon as reasonably practicable after the Index Valuation Time (as defined below) on each Index Business Day, subject as provided in paragraph 11 (Force Majeure) below.
In calculating the TRAC Closing Level, the Index Sponsor shall have regard to any correction to the Base Index TR Closing Level published by the Base Index Index Sponsor prior to (but not after) the Index Valuation Time on the day (defined herein as the “Correction End Date”) which is the first Valid Date after the Correction End Date (as defined in the Base Index Description).
In calculating the Closing Levels, the Index Sponsor shall have regard to subsequent corrections to any Closing Price published by the relevant Exchange prior to the Index Valuation Time on the Valid Date for the relevant Index Commodity immediately following the Index Business Day to which the relevant Closing Level relates but not thereafter.
The Index Level is calculated by the Index Calculation Agent as of the Index Valuation Time on each Index Business Day.
The TRAC Closing Level will be published by the Index Sponsor (see paragraph 9 (Publication of Closing Levels and Adjustments) below) as soon as reasonably practicable after the Index Valuation Time on each Index Business Day, subject as provided in paragraph 4 (Index Adjustment Event), paragraph 5 (Corrections to Base Index TR Closing Level) and paragraph 6 (Force Majeure) below.
More Definitions of Index Valuation Time
Index Valuation Time means 11.00 pm (London time) on each Index Business Day or, if the publication time of any Closing Price is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for the DBLCI.
Index Valuation Time means the close of business in the Specified Index Business Day Centre.
Index Valuation Time means, in respect of each DBLCI-OY Sub-Index, 11.00 pm (London time) on each Index Business Day or, if the publication time of the Closing Price in respect of the relevant Index Commodity in respect of such DBLCI-OY Sub-Index is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for such DBLCI-OY Sub- Index.
Index Valuation Time means the close of business of the Exchange; and
Index Valuation Time means 11.00 pm (London time) on each Index Business Day or, if the publication time of the Closing Price in respect of any Sub-Index for a DB Index Commodity or the publication time of the S&P Excess Return Closing Level in respect of any S&P Commodity, as the case may be, is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for the Index.
Index Valuation Time means:(a) for the purposes of determining whether a Market Disruption Event has occurred:(aa) in respect of any Component Security, the Scheduled Closing Time of the relevant Index Component Exchange; and(bb) in respect of any options contracts or futures contracts referencing the Index, the close of trading on the related securities exchange; and(b) in all other circumstances, the time at which the official closing level of the Index is calculated and published by the Index Sponsor. (c) Index Calculation Agent: In respect of the Euro Stoxx 50® Index, STOXX Limited, Zurich, Switzerland and/or its licensors are the Index Calculation Agent. (d) Provisions where calculation by reference to Index and/or Formula is impossible or impracticable: See paragraph 36 below. (e) Other terms relating to Index Linked Notes: An Autocall Event occurs if on any one of the Anniversary Dates 1, 2, 3 or 4 specified in paragraph 22(b) above at the Index Valuation Time, the Calculation Agent determines that the relevant Anniversary Index Level is greater than or equal to the Anniversary Autocall Level specified in this table:n Anniversary Date: AnniversaryAutocall Level:
Index Valuation Time means 11:00 pm (London time) on each Commodity Harvest Index Business Day or, if the publication time of any Commodity Harvest ER Constituent Calculation Value is amended, such other time as the Index Sponsor may determine and announce to be the Index Valuation Time for such Commodity Harvest Index. Excess Return CalculationFor each Commodity Harvest Index, the Commodity Harvest ER Closing Level on each Commodity Harvest Index Business Day is calculated by the Index Sponsor as the sum of (A) the Commodity Harvest ER Closing Level for such Commodity Harvest Index for the Commodity Harvest Index Business Day immediately preceding the relevant Commodity Harvest Index Business Day and (B) the sum of the values calculated for each Commodity Harvest Constituent Index for such Commodity Harvest Index Business Day as the product of (i) the Commodity Harvest ER Constituent Calculation Value for the relevant Commodity Harvest Constituent Index for the relevant Commodity Harvest Index Business Day less the Commodity Harvest ER Constituent Calculation Value for the relevant Commodity Harvest Constituent Index for the Commodity Harvest Index Business Day immediately preceding the relevant Commodity Harvest Index Business Day and (ii) the Commodity Harvest ER Constituent Calculation Value Amount for the relevant Commodity Harvest Constituent Index for the Commodity Harvest Index Business Day immediately preceding the relevant Commodity Harvest Index Business Day and rounding the result to six decimal places with 0.0000005 being rounded upwards. The minimum Commodity Harvest ER Closing Level for each Commodity Harvest Index is 0.