Market Adjustment Factor definition
Market Adjustment Factor. (a) as set out in the Actuarial Annex in relation to the Relevant Parent Group Plan; or
Market Adjustment Factor means a market adjustment in an amount, which may be positive or negative, determined by the Calculation Agent using the following formula: DC/360 * (Interpolated Rate – Applicable Reference Interest Rate) * Discount Factor * Amount where “DC” means the number of days in the period from and including the relevant Further Disbursement Date or Prepayment Date, as applicable to but excluding the Interest Accrual End Date immediately following such Further Disbursement Date or Prepayment Date, as applicable, and “Amount” means either the Increased Principal Amount or the Optional Prepayment Amount, as the case may be;
Examples of Market Adjustment Factor in a sentence
The Market Adjustment Factor shall be 1.0. The Agreed Local Adjustment Rate is the return, income and capital (positive or negative), recorded on the investments of the US(I)F during the period determined by the Sellers' Actuary and agreed by the Purchaser's Actuary or, in default of agreement, determined under PARAGRAPH 9 of PART 1 of Schedule 10.
No Market Adjustment Factor or broken funding costs will be determined or applicable if the Prepayment Date is also an Interest Payment Date.
The Optional Prepayment Amount shall be calculated as (A) the Prepayment Amount minus (B) the Accrued Interest Amount minus (C) any broken funding costs plus (D) the Market Adjustment Factor.