Long Reference Entity definition

Long Reference Entity means any Reference Entity in a Reference Portfolio in respect of which the related Credit Position is positive.
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Long Reference Entity means each of the Reference Entities listed in Schedule A (Reference
Sample 1
Long Reference Entity means any Reference Entity in the Reference Portfolio in respect of which the related Credit Position is positive and “Long Reference Entities” shall have the corresponding meaning.
Sample 1

Examples of Long Reference Entity in a sentence

  • In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligation”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.

  • For the avoidance of doubt, the Buyer shall send each notice to the Seller in connection with the occurrence of any Credit Event in relation to a Long Reference Entity and the Seller (or the Trustee or Calculation Agent on behalf of the Seller) shall send each notice to the Buyer in connection with the occurrence of any Credit Event in relation to a Short Reference Entity.

  • For the avoidance of doubt, a Loss Amount determined with respect to a Long Reference Entity shall increase the Aggregate Loss Amount.

  • The Portfolio Manager is given authority in the Portfolio Management Agreement to make Portfolio Adjustments (including replacements, reallocations, additions and removals) to any Long Reference Entity (or Short Reference Entity) within the Reference Portfolio on behalf of the Issuer pursuant to, and in accordance with, the Portfolio Management Agreement.

  • For the avoidance of doubt, a Reference Entity may be either a Long Reference Entity or a Short Reference Entity.

  • In undertaking this role, the Portfolio Manager will make such investigation into any Long Reference Entity (and Short Reference Entity) contained in the Reference Portfolio as it considers appropriate in its absolute discretion.

  • In selecting any Reference Obligations hereunder, the Calculation Agent is under no obligation to the Noteholders, the Couponholders or any other person and, provided that the obligation selected meets the criteria in the definition of “Reference Obligations”, is entitled, and indeed will endeavour, to select obligations with the lowest price (in respect of a Long Reference Entity) or the highest price (in respect of a Short Reference Entity) of any obligations which meet such criteria.

  • In addition, the Portfolio Manager, on behalf of the Issuer, may instruct the CDS Counterparty from time to time pursuant to the terms of the Portfolio Management Agreement, to make Portfolio Adjustments (including replacements, reallocations, additions and removals) to any Long Reference Entity (or Short Reference Entity) within the Reference Portfolio.

  • Long Reference Entity: A Reference Entity in respect of which the Buyer ispurchasing protection.

  • Reference Entities : Each Long Reference Entity and each Short Reference Entity.Long Reference Entities Short Reference Entities: Each entity specified as a Long Reference Entity in Annex 1 to this Confirmation and any Successor thereto, subject to any replacement thereof and/or addition thereto effected in accordance with the Investment Management Agreement.

Related to Long Reference Entity

  • Affected Reference Entity means, in respect of a Specified Payment Date, that the Reference Entity was a Non-Determined Reference Entity as of the Cut-off Date relating to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time (or, if the relevant Standard is Japan or Japan Sovereign, Tokyo time)) or that a Deferral Notice has been given to the Company after the Cut-off Date relating to that Specified Payment Date but on or prior to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time).

  • Reference Entity means with respect to a Synthetic Security, the Obligor to whose credit such Synthetic Security is linked and the Obligor under any Reference Obligation specified in such Synthetic Security.

  • Accounting Reference Date means 31 December of each year.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.

  • Current Reference Instrument means the Initial Reference Instrument from the Index Start Date until the first Rollover Date. Once the Index Closing Value on the first Rollover Date has been calculated and determined, this Reference Instrument loses its validity and is replaced by the Reference Instrument contract for the Contract Months specified above next falling due on the Reference Exchange. On each subsequent Rollover Date, following the calculation and determination of the Index Closing Value, the Current Reference Instrument is replaced in turn by the Reference Instrument contract falling due on the Reference Exchange in the next following Contract Month.

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • Annual summative evaluation rating means an annual evaluation rating that is based on appraisals of educator practice and student performance, and includes all measures captured in a teacher’s evaluation rubric. The four summative performance categories are ineffective, partially effective, effective, and highly effective.

  • Project Finance Entity means: (a) a holder, trustee or agent for holders, of any component of Project Financing; or (b) any purchaser of capacity and/or energy produced by the Customer Facility to which Interconnection Customer has granted a mortgage or other lien as security for some or all of Interconnection Customer’s obligations under the corresponding power purchase agreement.

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Accounting Referee has the meaning set forth in Section 6.01(c).

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Summative evaluation means the comprehensive, end-of-cycle appraisal and shall incorporate the results of the minimum required observations, any additional observations, and required component-level data. At the discretion of the Evaluator, it may also include additional announced or unannounced observation data beyond the required observation data provided by other Credentialed Observers.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Underlying Referencek means as set out in §26(a) above.

  • SOFR Reference Rate means, in respect of any U.S. Government Securities Business Day:

  • Initial Reference Price means the official closing price of the Underlying Share on Strike Date.

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • Initial Reference Pricei means as specified in the above table at item 15 (A) (i);

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • Non-Investment Personnel means any Employee that does not meet the definition of Investment Personnel as listed above.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Replacement Reference Rate means a reference rate which is:

  • Excess valuation assets for a valuation period means:

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and