Examples of Reference Market in a sentence
For the purpose of calculating “Exposure” in Paragraph 10 of the Annex, the Valuation Agent shall, unless otherwise agreed in writing by the Rating Agencies, seek two quotations from Reference Market- makers; provided that if 2 Reference Market-makers are not available to provide a quotation, then fewer than 2 Reference Market-makers may be used for such purpose, and if no Reference Market-makers are available, then the Valuation Agent’s estimates at mid-market will be used.
For the purposes of this Section 7, the term "Reference Market Maker" shall mean a leading dealer in interest rate swaps that is (a) a dealer of the highest credit standing which satisfy all criteria that the Calculation Agent applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, a dealer having an office in the same city.
The analysis of the Reference Market focuses on evaluating the competitive scenario investigating the main players in the market.
No certificates or scrip representing fractional shares of Common Stock shall be issued as part of the Closing Consideration or any Milestone Payments, but an amount in cash equal to the aggregate Reference Market Value of such fractional shares shall instead be paid by Buyer to Seller on the date that such Closing Consideration or Milestone Payments are otherwise paid to Seller.
Off-Peak Energy Forward Price - Means the price for Off-Peak Hoursoff-peak hours for each Billing Month of the delivery period stated in terms of $/MWh as based on the most recent publicly available information and/or quotes from Reference Market Makers on forward energy transactions occurring at the Market Price Hub.