Offer Spread definition

Offer Spread means an amount equal to the product computed by multiplying (1) the excess of (A) the Offer Value Per Share over (B) the Exercise Price per Share as set forth in Section 3 of this Agreement, by (2) the number of Shares with respect to which the Limited Stock Appreciation Right is being exercised.

Offer Spread means, in respect of a Reference Obligation the subject of a Removal, an offer side quotation (expressed as a percentage per annum) given by the Swap Counterparty in a Notice of Trade Information, or, if applicable, a Revised Notice of Trade Information, in its capacity as a dealer in the credit default swap market, to act as protection seller in respect of a credit default swap based on the Quotation CDS;

Offer Spread means, in respect of a Replaced Entity and a Replacement, the offer price specified by the Structured Credit Desk of Swap Counterparty on the Replacement Compliance Date in respect of such Replaced Entity and Replacement.

Examples of Offer Spread in a sentence

• The Notional Guaranteed Account keeps track of this guaranteed amount, which is subject to a deduction of the applicable Bid Spread levied at the Scheme level and any withdrawal fee, which may be imposed in respect of non-regular voluntary contributions at withdrawal.Assets in the Guaranteed Fund are invested in the underlying APIF Policy and such investment is subject to the Offer Spread applicable to the underlying APIF Policy.

• Subject to the Qualifying Events set out in clause 8.3.2.3, the Guaranteed Fund will ONLY provide guarantee on the NET CONTRIBUTIONS made by or for a Member (i.e. contribution monies less any Offer Spread imposed).

• If following this the total amount repurchased is lower than the total amount available for repurchase, offers at the lowest accepted Offer Spread will be rounded up to the nearest $1,000,000 (Face Value), firstly in order of the amount by which they were initially rounded down (largest amount first) and then in the time order in which they were committed in the AOFM Tender System (earliest first), until the total amount available for repurchase is reached.

• For each offer, the Offer Spread will be calculated as the difference between the Yield offered and the Reference Yield.

• Currently, no Offer Spread will be levied on the issue of such Units.

More Definitions of Offer Spread

Offer Spread means, in respect of an actual or a proposed Replaced Reference Entity: (a) where the Portfolio Manager has specified an Alternative Quotation in respect of such Replaced Reference Entity in the relevant Substitution Notice, the relevant Alternative Quotation and (b) otherwise, the Counterparty Offer Spread.

Offer Spread means the fee charged by the Approved Trustee upon subscription of units of a constituent fund by a Member. Offer spread does not apply to the BCOM MPF Conservative Fund. Offer spread for a transfer of benefits can only include necessary transaction costs incurred or reasonably likely to be incurred in selling or purchasing investments in order to give effect to the transfer and are payable to a party other than the Approved Trustee.

Offer Spread means the Offer Spread (or an amount equivalent thereto) referred to in Clause 7.3;

Offer Spread means, in respect of each proposed Replaced Reference Entity, an offer quotation (expressed as a percentage per annum) for the Swap Counterparty to act as protection seller in respect of a credit default swap referencing such proposed Replaced Reference Entity based on the Standard Terms (the scheduled termination date under such Standard Terms being the same as the Scheduled Termination Date under the relevant Portfolio Credit Default Swap), for which the Floating Rate Payer Calculation Amount is equal to the relevant Delta Amount for such proposed Replaced Reference Entity;

Offer Spread as used in this paragraph 9 shall mean an amount equal to the product computed by multiplying (i) the excess of (A) the Offer Price per Share over (B) the option price per share of Common Stock at which the related option is exercisable, by (ii) the number of shares of Common Stock with respect to which such limited right is being exercised.

Offer Spread means the offer spread (or an amount equivalent thereto) referred to in Clause 17. Offer Spread at the constituent fund level for a transfer of Accrued Benefits will only include Necessary Transaction Costs;

Offer Spread means, in respect of a Replacement Transaction, the offer price specified by the Structured Credit Desk of Issuer in its sole discretion on the Replacement Compliance Date in respect of such Replacement Transaction.