Next Future definition

Next Future means for each Individual Commodity Index and each Trading Day,

Next Future means (a) for an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” (as defined in the Handbook) for the Corresponding Unhedged Commodity Index on that Trading Day and (b) for a commodity comprised in an Unhedged Commodity Index corresponding to a Composite Commodity Index but which is not the subject of an Unhedged Commodity Index corresponding to an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” (as defined in the Handbook) for that commodity in relation to that Unhedged Commodity Index on that Trading Day

Next Future means (a) for an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” (as defined in the Handbook) for that Individual Commodity Index on that Trading Day and (b) for a commodity comprised in a Composite Commodity Index but which is not the subject of an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” (as defined in the Handbook) for that commodity in relation to that Composite Commodity Index on that Trading Day

Examples of Next Future in a sentence

• For the Bloomberg Commodity Index 3 Month ForwardSM the designated month contracts are exactly the same as for the Bloomberg Commodity IndexSM save that for the Bloomberg Commodity Index 3 Month ForwardSM, the contracts that would be the Lead Future and Next Future for the Bloomberg Commodity IndexSM in three calendar months are instead the Lead Future and Next Future in the current calendar month for the Bloomberg Commodity Index 3 Month ForwardSM.

• Table 9 below lists the Designated Contract months that are to be used to determine the Lead Future and Next Future for each Index Commodity for this calculation.

• We define, in an analogous way, sets𝑚′ ≤ 𝑚 a nd 𝑡¯𝑖 |= 𝜑 for every 𝑖 } ⊆ N𝑛 (or ∅ if 𝑚 = 0), andLTL-navigational flavor, featuring common modalities such as Next, Future, Until, Since, etc.

• To illustrate, the Lead Future for natural gas in January is March, as is the Next Future, and in February the Lead Future is March and the Next Future is May.

• WAV2 is calculated by multiplying each Commodity Index Multiplier by the Settlement Price for the respective Next Future for that day and summing the results.

• Note that as a new month begins, the Next Future (as indicated in Table 9 below) becomes the Lead Future.

• Pricing is rolled from the Lead Future to the Next Future in the month prior to its named month (so that pricing for Natural Gas rolls in early December from the January contract to the March contract).As can be seen in Table 2, not all commodities have the same named months or number of Designated Month Contracts.

• WAV1 and WAV2 are calculated on the basis of prices for the Lead Future and the Next Future, respectively.

• In the event Executive is terminated or constructively terminated following a Change in Control between the First Retirement Date and the Last Retirement Date, Executive shall be entitled to receive the full retirement benefits which would have been due to him had he retired on the Next Future Retirement Date, and would begin to receive such benefits on that Retirement Date.

• For example, we are in various stages of collaborative arrangements with a number of partners: Arada Systems, BestMile, BMW ReachNow, Didi, Ford, GoGoVan, Gomentum Station/CCTA, Inrix, Microsoft, Next Future Transportation, TransLoc, Uber, and Via.Leveraging consortium resources: NYU researchers have established a data sharing agreement with the University Transportation at NYU.

More Definitions of Next Future

Next Future means, for each Commodity, the futures contract month designated in Table 9 of the Methodology, set forth in the column next to the current month. In December, the first column, January, designates the column for the Next Future.

Next Future means (a) for an Individual Commodity Index and a Trading Day with

Next Future means, for each Commodity, the futures contract month designated in Table 9a and 9b of the

Next Future means (a) for an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” or “Next Contract” (as defined in the Handbook) for that Individual Commodity Index on that Trading Day and (b) for a commodity comprised in a Composite Commodity Index but which is not the subject of an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Next Future” (as defined in the Handbook) for that commodity in relation to that Composite Commodity Index on that Trading Day “Notice Deadline”means, on a General Trading Day, the earlier of 2.30 p.m. or such other time determined by the Issuer as the Notice Deadline in respect of a particular General Trading Day or generally “NYMEX”means New York Mercantile Exchange, Inc., including its wholly owned subsidiary Commodity Exchange Inc. “Official List”means the official list maintained by the FCA for the purposes of Part VI of FSMA “One Times Short Commodity Security”means a Short or Leveraged Commodity Security of a class specified as such in the relevant list in paragraph 5 of Part 13 (Additional Information) “One Times Short Index Security”means a Short or Leveraged Commodity Security of a class specified as such in the relevant list in paragraph 5 of Part 13 (Additional Information) “One Times Short Individual Security”means a Short or Leveraged Commodity Security of a class specified as such in the relevant list in paragraph 5 of Part 13 (Additional Information) “Original Index”means in respect of a class of Second Month Securities, the Individual Commodity Index applicable to that class immediately prior to the Index Substitution “Out of Hours”has the meaning given in the Conditions “Out of Hours Index Value”has the meaning given in the Conditions “outstanding”means in relation to each class of Short or Leveraged CommoditySecurities, all the Short or Leveraged Commodity Securities of that class issued and in respect of which there is for the time being an entry in the Register other than:(a) Short or Leveraged Commodity Securities which have been redeemed and cancelled pursuant to the Trust Instrument; and(b) Short or Leveraged Commodity Securities which have been purchased and cancelled pursuant to the Trust Instrument, PROVIDED THAT for the purpose of the right to attend and vote at any meeting of the Security Holders or any of them and certain other purposes of the Trust Instrument, Short or Lever...

Next Future means for each Individual Commodity Index and each Trading Day, the particular futures contract which is the “Next Future” (as defined in the Handbook) for that Individual Commodity Index on that Trading Day

Next Future means for each Individual Commodity Index and each Trading Day, the particular futures contract which is the “Next Future” or “Next Contract” (as defined in the Handbook) for that Individual Commodity Index on that Trading Day “Notice Deadline” means, on a General Trading Day, the earlier of 2.30 p.m. or such other time determined by the Issuer as the Notice Deadline in respect of a particular General Trading Day or generally “NYMEX” means New York Mercantile Exchange, Inc., including its wholly owned subsidiary Commodity Exchange Inc. “Official List” means the official list maintained by Euronext Dublin “Original Index” the Bloomberg WTI Crude Oil Sub-IndexSM (BBG Index Ticker: BCOMCL Index) “outstanding” means in relation to each type of Micro or Commodity Securities, all the Micro or Commodity Securities of that type issued and in respect of which there is for the time being an entry in the Register other than:(a) Micro or Commodity Securities which have been redeemed and cancelled pursuant to the Trust Instrument; and(b) Micro or Commodity Securities which have been purchased and cancelled pursuant to the Trust Instrument;PROVIDED THAT for the purpose of the right to attend and vote at any meeting of the Security Holders or any of them and certain other purposes of the Trust Instrument, Micro and Commodity Securities (if any) which are for the time being held by, for the benefit of, or on behalf of, (A) the Issuer, (B) a Commodity Contract Counterparty,(C) ETFSL or a Guarantor, (D) any subsidiary of the Issuer or of a Commodity Contract Counterparty, (E) any individual Controller of the Issuer or Guarantor or(F) any person controlled by any such persons listed in (A) to (E) above shall (unless and until ceasing to be so held) be deemed not to remain outstanding and accordingly the holders of such Micro and Commodity Securities shall be deemed not to be Security Holders