Relevant Level definition
Examples of Relevant Level in a sentence
If the relevant Final Terms specify that the Average Index Level is used to determine the Relevant Level, these levels will be used instead of the Observation Index Level.
The calculations which are required to be made to calculate the Final Redemption Amount, will be based on the level of the Index or the levels of the Indices (the "Relevant Level") determined by the Calculation Agent.
RIGHTS OF AN UNPAID SELLER AGAINST ‘THE GOODS’ An unpaid seller’s right against the goods are: (a) RIGHT OF LIEN(Sections 47-49 and 54)An unpaid seller in possession of goods sold, may exercise his lien on the goods, i.e., keep the goods in his possession and refuse to deliver them to the buyer until the fulfilment or tender of the price in cases where:(iii) the buyer becomes insolvent.
If the Relevant Level in respect of the Reference Month relating to an Interest Accrual Period is lower than Relevant Level(Initial), the Rate of Interest applicable to the Notes for such Interest Accrual Period will however be a minimum of the Coupon Percentage multiplied by the Floor.
Upon such a replacement, such Successor Index will be used as a substitute for the original Reference Index for all purposes, including, but not limited to, for purposes of determining the Closing Level and the Relevant Level of such Reference Index, all relevant calculations set forth in the applicable Pricing Supplement and whether a Market Disruption Event, Hedging Disruption Event or Change in Law Disruption Event exists with respect to such Reference Index.