Modified Postponement definition

Modified Postponement means that where the official closing level of an Index is not available on an any relevant day for any reason, the Issuer, acting in good faith and in a commercially reasonable manner, will determine the closing level of such Index by inter alia reference to any determination made by the Issuer’s hedging counterparty in respect of any local or global hedge position in connection with this leg of the Note that the Issuer may have entered into or, if that cannot be obtained, the official closing level available on any following or preceding day, as applicable, which the Issuer determines to be commercially reasonable under the relevant circumstances.
Sample 1Sample 2Sample 3
Modified Postponement then the Averaging Reference Date for each Basket Index shall be the first succeeding Basket Valid Date in relation to each such Basket Index. If the first succeeding Basket Valid Date in relation to each such Basket Index has not occurred as of the Valuation Time on the date which falls the number of consecutive Common Scheduled Trading Days equal in number to the Maximum Days of Disruption immediately following the original date that, but for the occurrence of another Averaging Reference Date or Disrupted Day, would have been the final Averaging Reference Date, then (a) that last consecutive Common Scheduled Trading Day shall be deemed the Averaging Reference Date (irrespective of whether that last consecutive Common Scheduled Trading Day is already an Averaging Reference Date) for all Basket Indices, and (b) the Calculation Agent shall determine the Index Level of each Basket Index at the Valuation Time for that Averaging Reference Date in accordance with paragraph 10.2(ii) and (iii) of these Index Linked Conditions, which shall apply mutatis mutandis as if such Averaging Reference Date were a Reference Date.
Sample 1
Modified Postponement means that in respect of any Exchange Business Day which is a Disrupted Day, the applicable Final Index Valuation Date will be the first succeeding Valid Date. If the first succeeding Valid Date has not occurred before or on the eighth Scheduled Trading Day immediately following the original date, then that eighth Scheduled Trading Day will be deemed to be the Final Index Valuation Date and the Calculation Agent will determine the level of the Index for that Final Index Valuation Date (i.e. that eighth Scheduled Trading Day) in a commercially reasonable manner. For purposes hereof, a “Valid Date” means a Scheduled Trading Day that is not a Disrupted Day and the Index Valuation Date does not or is not deemed to occur.“Exchange Business Day” means a Scheduled Trading Dayon which:(a) the Index Sponsor actually publishes the closing level of the Index; and(b) each Index Component Exchange, as the case may be, is actually open for trading during its regular trading session, notwithstanding the relevant Index Component Exchange, as the case may be, closing prior to its Scheduled Closing Time;“Scheduled Trading Day” means any day on which:(a) the Index Sponsor is scheduled to publish the closing level of the Index; and(b) each Index Component Exchange, as the case may be, is scheduled to be open for trading during its regular trading session.“Scheduled Closing Time” means, in respect of an Index Component Exchange and an Exchange Business Day, the scheduled weekday closing time of such Index Component Exchange on such Exchange Business Day, without regard to after hours or any other trading outside of the regular trading session hours.“Index Sponsor” means Morgan Stanley Capital International Inc. or the corporation or other entity that:(a) is responsible for setting and reviewing the rules and procedures and the methods of calculation and adjustments, if any, related to the Index; and(b) announces (directly or through an agent) the level of the Index on a regular basis during each Exchange Business Day.
Sample 1

Examples of Modified Postponement in a sentence

  • Consequences of a Disrupted Day (in respect of an Averaging Date or Lookback Date):General Condition 38(Consequences upon a Reference Date becoming a Disrupted Day) (a) Omission: Not Applicable (b) Postponement: Not Applicable (c) Modified Postponement: Not Applicable 27.

  • If Averaging is specified as applying in the applicable Final Terms the applicable Final Terms will state the relevant Averaging Dates and, if an Averaging Date is a Disrupted Day, whether Omission, Postponement or Modified Postponement (each as defined in Condition 4 below) applies.

  • If the Issuer determines that any Averaging Reference Date is a Disrupted Day for any Index in the Index Basket and, if in the relevant Pricing Supplement no consequence is specified in respect of such Averaging Reference Date, then it shall be deemed that the consequence specified in "Modified Postponement" will apply.

  • In the event that an Averaging Date is a Disrupted Day Modified Postponement (as defined in Condition 28) will apply.

  • Consequences of a Disrupted Day (in respect of an Averaging Date or Lookback Date):General Condition 37(Consequences upon a Reference Date becoming a Reference Date)(a) Omission: Not Applicable(b) Postponement: Not Applicable (c) Modified Postponement: Not Applicable 24.

  • Consequences of a Disrupted Day (in respect of an Averaging Date or Lookback Date):General Condition 38(Consequences upon a Reference Date becoming a Disrupted Day) (a) Omission: Not Applicable (b) Postponement: Not Applicable (c) Modified Postponement: Not Applicable 26.

  • If the Issuer determines that any Averaging Reference Date is a Disrupted Day and, if in the relevant Pricing Supplement no consequence is specified in respect of such Averaging Reference Date, then it shall be deemed that the consequence specified in "Modified Postponement" will apply.

  • Consequences of a Disrupted Day (in respect of an Averaging Date or Lookback Date):General Condition 38(Consequences upon a Reference Date becoming a Reference Date) (a) Omission: Not Applicable (b) Postponement: Not Applicable (c) Modified Postponement: Not Applicable 25.

  • Consequences of a Disrupted Day (in respect of an Averaging Date or Lookback Date):General Condition 37(Consequences upon a Reference Date becoming a Reference Date)(a) Omission: Not Applicable (b) Postponement: Not Applicable (c) Modified Postponement: Not Applicable 26.

  • If Averaging is specified as applying in the applicable Pricing Supplement the applicable Pricing Supplement will state the relevant Averaging Dates and, in the case of a Market Disruption Event (as defined in Condition 17) occurring on an Averaging Date, whether Omission, Postponement or Modified Postponement (each as defined in Condition 3 below) applies.


More Definitions of Modified Postponement

Modified Postponement. The provisions regarding “Postponement” shall apply subject to the following proviso: The Average Value Determination Date affected by the market disruption shall be postponed to the first Scheduled Trading Day after the end of the market disruption which is not an Average Value Determination Date or deemed to be such day. In the event the market disruption persists for more than eight consecutive Scheduled Trading Days, counting from and excluding the last originally agreed Average Value Determination Date, the eighth Scheduled Trading Day after the originally agreed last Average Value Determination Date shall be deemed to be the Average Value Determination Date. The Calculation Agent will determine the value of the security at the Valuation Time on this eighth Scheduled Trading Day.
Sample 1
Modified Postponement is specified as applying in the applicable Final Terms then:
Sample 1
Modified Postponement means, in relation to any Initial Averaging Date that is a Disrupted Day, the first succeeding Scheduled Trading Day that is not a Disrupted Day pursuant to Condition 7 and on which another Initial Averaging Date does not or is deemed not to occur (a “Valid Day”). If the first such succeeding Valid Day has not occurred as of the Valuation Time on the eighth Scheduled Trading Day immediately following the original date that, but for the occurrence of another Initial Averaging Date or Disrupted Day, would have been the final Initial Averaging Date, then (1) that eighth Scheduled Trading Day shall be deemed the Initial Averaging Date (irrespective of whether that eighth Scheduled Trading Day is already an Initial Averaging Date), and (2) the Independent Adviser shall determine its good faith estimate of the value of the Share(s) at the Valuation Time on such eighth Scheduled Trading Day.
Sample 1
Modified Postponement then the Averaging Reference Date for each Basket Share shall be the first succeeding Basket Valid Date in relation to such Basket Shares. If the first succeeding Basket Valid Date in relation to such Basket Shares has not occurred as of the Valuation Time on the consecutive Common Scheduled Trading Days equal in number to the Maximum Days of Disruption immediately following the original date that, but for the occurrence of another Averaging Reference Date or Disrupted Day, would have been the final Averaging Reference Date, then (a) that last consecutive Common Scheduled Trading Day shall be deemed the Averaging Reference Date (irrespective of whether that last consecutive Common Scheduled Trading Day is already an Averaging Reference Date) for all Basket Shares, and (b) the Calculation Agent shall determine the Share Price of each Basket Share at the Valuation Time for that Averaging Reference Date in accordance with paragraph 9.2(ii) and (iii) of these Share Linked Conditions (as if such Averaging Reference Date were a Reference Date).
Sample 1

Related to Modified Postponement

  • Postponement with three (3) Commodity Business Days as the Maximum Days of Disruption;

  • Postponement Period has the meaning ascribed to such term in Section 2.1(b).

  • Controlled Accumulation Period Length has the meaning specified in subsection 4.03(c).

  • Consent Period has the meaning set forth in Section 3.05(d)(ii).

  • Accumulation Period Length means 12 months; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Period Length shall be determined in accordance with the definition of “Accumulation Period Length” in the Indenture Supplement.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • Notification Date means 30 days from an Account statement date (see section 6.3).

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Provisional ballot means a ballot voted provisionally by a person:

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 1997-1) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Concurrent enrollment means the simultaneous enrollment of a qualified student in a district high school and in one or more postsecondary courses at an institution of higher education. Concurrent enrollment does not include a student’s simultaneous enrollment in: a district high school and in one or more secondary career and technical education courses, advanced placement courses, or international baccalaureate courses; an early college course and a postsecondary course; a p-tech school and a postsecondary course; or a district high school and a postsecondary course that does not fall within the definition of concurrent enrollment.

  • Notification Period has the meaning given to such term in Clause 3.10(b) or 3.10(c) of the Gold Bullion Terms, as the case may be.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Provisional Suspension means the Athlete or other Person is barred temporarily from participating in any Competition or activity prior to the final decision at a hearing conducted under Article 8;

  • Early Redemption Factor (k) means the "Early Redemption Factor (k)" as specified in § 1 of the Product and Underlying Data.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Issuer Call Commencement Date means the date specified as such in the definition of the relevant Series in the applicable Final Terms;

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Notification Time means 11:00 a.m., New York time, on a Local Business Day.