Initial Basket definition

Initial Basket means (a) as of any date prior to the Amendment No. 1 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral immediately prior to the first Borrowing hereunder, (b) as of any date from and after the Amendment No. 1 Effective Date but prior to the Amendment No. 2 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 1 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 1, (c) as of any date from and after the Amendment No. 2 Effective Date but prior to the Amendment No. 3 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 2 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 2 and (d) as of any date from and after the Amendment No. 3 Effective Date, the number of TGP Shares, the number of TNK Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 3 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No.
Sample 1
Initial Basket as defined in Section 10.6(a).
Sample 1
Initial Basket means the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral immediately prior to the first Borrowing hereunder.
Sample 1

Examples of Initial Basket in a sentence

  • Each Basket Index represents a percentage of the Initial Basket Level on the pricing date.

  • Risk Barrier structures Risk barrier structures deliver a positive or negative return depending on the performance of the Basket as compared to both: (i) the Initial Basket Level on the final Valuation Date and (ii) a pre-determined barrier level on certain other days during the lifetime of the Notes.

  • The composition of the Hybrid Basket as at the Strike Date (the "Initial Basket") is set out in the below table (the "Underlying Reference Table").

  • Following the Strike Date, the number and identities of Basket Components in the Initial Basket and/or the Weighting of each Basket Component in the Hybrid Basket ("Wi") may be adjusted by the Calculation Agent in accordance with a Recommendation by the Basket Investment Advisor in accordance with the Basket Investment Advisory Agreement, as set out in as set out in paragraph 3 (Basket Rebalancing) below.

  • The Supplemental Redemption Amount, if any, will be based upon the Basket Return, which will be calculated as follows: The "Basket Return" shall equal: Basket Percentage Change x Participation Rate The "Basket Percentage Change" shall equal: (Final Basket Level - Initial Basket Level) Initial Basket Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.

  • On any Scheduled Trading Day (t) after the Initial Basket Selection Date, the Calculation Agent may, subject to the Volatility Allocation Provisions below, determine an amount in the Strategy Currency (as defined in Annex 4) (not accruing interest) (the “Cash”) to be taken into account for the purpose of computing Value (t).

  • Value (t) reflects the then market value of an investment of the Specified Denomination from the Initial Basket Selection Date pursuant to a strategy linked to the difference in value between a long basket (Basket B1) and a short basket (Basket B2) as detailed in Annex 4, subject to dividend and borrow cost adjustments (both as reflected in the formula used to determine the Unit Value (t) as set out below) (the “Underlying Strategy Unit”).

  • The Maturity Payment Amount shall be the following: o If the Final Basket Level is greater than or equal to the Initial Basket Level: Final Basket Level $1,000 x ------------------ Initial Basket Level o If the Final Basket Level is less than the Initial Basket Level but equal to or greater than the Threshold Level, $1,000.

  • Initial Basket Size: Basket Value Shares Price Conditional Cash-In-Lieu processes and imposition of a variable fee charge as part of the Transaction Fee: Collateral required for unsettled positions: 105% Rebalance Process , schedule for the last business day of each calendar year quarter The most up-to-date Transaction Fee schedule, including its fixed and variable transaction fee components, will be disclosed in the Prospectus and/or SAI, which, if necessary, will be supplemented.

  • Thereafter, the Initial Basket for the Asset Sale Restriction shall apply.


More Definitions of Initial Basket

Initial Basket means the number of TGP Shares and the number of TNK Shares constituting Eligible Collateral on the date hereof. “Initial Borrowing” means any Borrowing made at a time at which, immediately prior to giving effect to such Borrowing, the Total Accrued Loan Amount is zero. “Initial LTV Ratio” has the meaning specified in Schedule 1.01(b). “Interest Period” means, for any Advance, the period commencing on the date of such Advance and ending on the day that numerically corresponds to the date of the most recent Initial Borrowing in the calendar month that is three months after such date of such Initial Borrowing; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to an Advance that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. “IRS” means the United States Internal Revenue Service.
Sample 1
Initial Basket means (a) as of any date prior to the Amendment No. 1 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral immediately prior to the first Borrowing hereunder, (b) as of any date from and after the Amendment No. 1 Effective Date but prior to the Amendment No. 2 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 1 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 1, (c) as of any date from and after the Amendment No. 2 Effective Date but prior to the Amendment No. 3 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 2 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 2 and, (d) as of any date from and after the Amendment No. 3 Effective Date but prior to the Amendment No. 8 Effective Date, the number of TGP Shares, the number of TNK Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 3 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 3. and (e) as of any date from and after the Amendment No. 8 Effective Date, the number of TGP Shares, the number of TNK Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 8 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 8.
Sample 1
Initial Basket means (a) as of any date prior to the Amendment No. 1 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral immediately prior to the first Borrowing hereunder and (b) as of any date from and after the Amendment No. 1 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 1 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 1.
Sample 1
Initial Basket means (a) as of any date prior to the Amendment No. 1 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral immediately prior to the first Borrowing hereunder, (b) as of any date from and after the Amendment No. 1 Effective Date but prior to the Amendment No. 2 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 1 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 1 and (c) as of any date from and after the Amendment No. 2 Effective Date, the number of TGP Shares and the number of TOO Shares constituting Eligible Collateral on the Amendment No. 2 Effective Date after giving effect to the additional pledge referred to in Section 4(b) of Amendment No. 2.
Sample 1

Related to Initial Basket

  • Creation Basket means the minimum number of Limited Units of a Fund that may be created at any one time, which shall be 200,000 or such greater or lesser number as the Managing Owner may determine from time to time for each Fund.

  • Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

  • Per Unit Purchase Price equals $0.8670, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur between the date of this Agreement and the applicable Closing Date.

  • Basket has the meaning set forth in Section 8.04(a).

  • Casket means a rigid container which is designed for the encasement of human remains and which is usually constructed of wood, metal, fiberglass, plastic, or like material and ornamented and lined with fabric.

  • Available Basket Amount means, at any date of determination, an amount (which shall not be less than $0) determined on a cumulative basis equal to the difference between: (a) the sum (without duplication) of: (i) $35,000,000, plus (ii) Cumulative Consolidated Net Income (which shall not be less than zero), plus (iii) the aggregate amount of dividends and distributions received by Borrower or its Restricted Subsidiaries in the form of Cash or Cash Equivalents on or prior to such date from Investments acquired or made utilizing the Available Basket Amount, plus (iv) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Second Amendment Effective Date, the fair market value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary (which shall not exceed the original amount of such Investment), plus (v) the Net Cash Proceeds received from any issuance or sale of its Equity Interests occurring after the Closing Date (other than issuances of Disqualified Stock and issuances or sales pursuant to an employee stock ownership plan or other employee benefit plan and excluding Net Cash Proceeds of any issuance or sale of Equity Interests for a specifically identified purpose that were expended for such specifically identified purpose without a corresponding reduction of the Available Basket Amount), plus (vi) the after-tax amount (after taking into account any available tax credit or deductions and any tax sharing arrangements) of all Distributions received in Cash by the Loan Parties after the Closing Date that are attributable to their Equity Interests in any Joint Venture or any Subsidiary that is not a Subsidiary Guarantor, plus (vii) all Net Cash Sales Proceeds received from Dispositions permitted by this Agreement, minus (b) the aggregate amount of all Investments, Capital Expenditures, Distributions and payments in respect of Subordinated Obligations, in each case to the extent made after the Closing Date with amounts available under the Available Basket Amount.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Common Units were first offered to the public for sale as set forth on the cover page of the IPO Prospectus or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Initial Bond Issue means the issuance of the Initial Bonds. "Initial Bonds" means the Bonds issued on the First Issue Date.

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Per Pre-Funded Warrant Purchase Price equals $0.0001, subject to adjustment for reverse and forward share splits, share dividends, share combinations and other similar transactions relating to shares of Common Stock that occur after the date of this Agreement.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Annual Subscription means the subscription paid by a member in accordance with the Registered Clubs Act and being paid either annually or otherwise.

  • RI Closing Value means, in respect of a Reference Item and a ST Valuation Date, the Settlement Level (as defined in the Equity Linked Conditions) on such ST Valuation Date.

  • Initial Bond means any Bond issued on the First Issue Date. “Initial Bond Issue” has the meaning set forth in Clause 2.1.

  • Exchange Value is the adjusted appraised value of the Property which takes into consideration various factors to balance the business value of the Property within its present ownership structure.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Per Unit Capital Amount means, as of any date of determination, the Capital Account, stated on a per Unit basis, underlying any Unit held by a Person other than the General Partner or any Affiliate of the General Partner who holds Units.