Next Entitlement definition

Next Entitlement means, for each Energy Security of class i on a Pricing Day t, E2(i,r) calculated in accordance with Condition 5.5, for Brent 1mth and WTI 1mth Oil Securities, Condition 5.6 for all other classes of Oil Securities and Condition 5.7 for Carbon Securities, subject in each case to the provisions of Condition 7;
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Next Entitlement means, for each Energy Security of class i on a Pricing Day t, E2(i,r) calculated in accordance with Condition 5.5, for Brent 1mth and WTI 1mth Oil Securities, Condition
Sample 1

Examples of Next Entitlement in a sentence

  • These worked examples also show how the Near Contract Price and Next Contract Price, Near Entitlement and Next Entitlement and Multiplier are applied as part of the calculation of the Price.

  • A description of the formula used to price Energy Securities and a description of the Near Contract Price and Next Contract Price, Near Entitlement and Next Entitlement and Multiplier elements of the formula are set out under “Calculation of the Price” below.

  • Near Entitlement and Next Entitlement shall be calculated to seven places of decimals with 0.00000005 rounded upwards.

Related to Next Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Security Entitlement shall have the meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Entitlement Holder shall have the meaning specified in Section 8-102 of the UCC.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Collateral Support means all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property.

  • Securities Intermediary shall have the meaning given such term in Section 8-102(14) of the UCC.

  • Financial Asset The meaning specified in Section 8-102(a)(9) of the UCC.

  • Commodity intermediary means a person that:

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Material Asset means any asset which has a book value of RMB100,000 or more or has a material effect on the business operations of any Party.

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Fiscal Intermediary means any qualified insurance company or other Person that has entered into an ongoing relationship with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other federal, state or local public health care or medical assistance program pursuant to any of the Health Care Laws.