Minimum Index Level definition

Minimum Index Level means the lowest Spot Level of the Index during the MCE Valuation Period; and

Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period;

Minimum Index Level means the lowest Spot Level during the MCE Valuation Period;

Examples of Minimum Index Level in a sentence

• For the avoidance of doubt, all Spot Levels available throughout the extended MCE Valuation Period shall be taken into account to determine the Maximum Index Level or the Minimum Index Level (as the case may be) for the calculation of the Residual Value.

• The Residual Value per Board Lot (if any) payable is calculated as follows: In the case of a series of Bull CBBCs: (Minimum Index Level – Strike Level) x one Board Lot x Index Currency Amount Divisor In the case of a series of Bear CBBCs: (Strike Level – Maximum Index Level) x one Board Lot x Index Currency Amount Divisorprovided that if the above formula produces a negative amount, the Residual Value shall be deemed to be zero.

• However, in the case of the City’s Proposal, as modeled by Mr. Romero, the withdrawal of AMCs and recharge credits, especially during a drought could cause river levels to go dry and impact MDS for many months.Additionally, withdrawing recharge credits (both physical and AMCs) below the existing Minimum Index Level just further drastically impacts MDS.

• Lowering the Minimum Index Level expands the BSA and allows the City to store water in additional storage space under land owned by others.

• The City does not refute that Romero’s modeling showed that there will be impairment to other users and detrimental impacts to MDS and water quality caused by the City pumping recharge credits to the proposed Minimum Index Level.

More Definitions of Minimum Index Level

Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period.If the Residual Value is equal to or less than the Exercise Expenses (if any), you will lose all of your investment.How much will you receive on expiry? If no Mandatory Call Event occurs during the Observation Period, the CBBCs will be automatically exercised on the Expiry Date if the Cash Settlement Amount is greater than zero. You will receive a Cash Settlement Amount per Board Lot in Hong Kong dollars (net of any Exercise Expenses) calculated as follows (if positive): In respect of a series of bull CBBCs: Cash Settlement Amount(Closing Level - Strike Level) x one Board Lot x Index Currency Amount In respect of a series of bear CBBCs: Cash Settlement Amount(Strike Level - Closing Level) x one Board Lot x Index Currency Amount .

Minimum Index Level means the lowest Spot Level of the Index during the MCE Valuation Period (being the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange subject to any potential extension). For bear CBBCs: Residual Value per Board Lot = (Strike Level – Maximum Index Level) x Index Currency Amount x one Board Lot Divisor where:

Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period; “Maximum Index Level” means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;“MCE Valuation Period” means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

Minimum Index Level means the lowest Spot Level during the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Stock Exchange. In the case of a series of bear CBBCs: (Strike Level - Maximum Index Level) x one Board Lot x Index Currency Amount Divisor

Minimum Index Level means 17,859.31, being the minimum index level of the Hang Seng Index during the period from the time of the occurrence of the MCE up to the end of the next trading session.

Minimum Index Level means 20 feet above the bedrock elevation or an alternatively proposed minimum elevation for storage within a basin storage area or, if the basin storage area is subdivided, a smaller subdivided area.

Minimum Index Level means the minimum index level of the Index during the period from the time of the occurrence of the Mandatory Call Event up to the end of the next trading session (such next trading session, the “Pricing Session”) for callable bull/bear contracts on Hong Kong indices as compiled by HSIC on the Stock Exchange; provided that if the Issuer determines, in its sole discretion, that a Market Disruption Event has occurred in any Pricing Session, such Pricing Session shall be postponed to the first succeeding trading session not affected by a Market Disruption Event, unless there is a Market Disruption Event