Strike Index definition

Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim payment.
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Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim payment. (To be specified for each policy under section “Coverage Details” in Part I of the Policy – Schedule)
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Strike Index of a Warrant shall mean [Insert amount or method for determining amount].
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Examples of Strike Index in a sentence

  • The Company shall not be liable to compensate the Insured or pay any amount, in the event that the Observed Weather Index is lower than the Strike Index in case of coverage for excess weather parameter cover or In the event that the Observed Weather Index is greater than the Strike Index in case of coverage for deficient weather parameter cover during the Period of Insurance.

  • In the event that, in the geographical location and during the time period specified in Term Sheet of the Schedule attached to this Policy, the Observed Weather Index is greater or lower than the Strike Index, the benefit payable to the Insured shall be as per the Payment Formula specified in the term sheet of the Schedule, subject to a maximum of the Sum Insured for a given phase.

  • The Company shall not be liable to compensate the Insured or pay any amount in the event that the Observed Weather Index is lower than the Strike Index in case of coverage for excess weather parameter cover or In the event that the Observed Weather Index is greater than the Strike Index in case of coverage for deficient weather parameter cover during the Period of Insurance.

  • In the event that, in the geographical location and during the time period specified in Term Sheet of the Schedule attached to this Policy, the Observed Weather Index is greater or lower than the Strike Index, the benefit payable to the Insured shall be as per the Payment Formula specified in the term sheet of the Schedule, subject to a maximum of the Sum Insured.

  • Footstrike angle boundaries for RFS–MFS and MFS–FFS were then set as the mean ± one standard deviation of all footstrikes visually classified as MFS (as equivalently done by Altman and Davis [16] based on Strike Index).

  • Coverage Details: a) Weather Parameter(s): b) Mathematical Construct of Weather Index: c) Reference Weather Station(s): d) Strike Index: e) Exit Index: f) Notional Payment: g) Compensation Payment Formula: 8.

  • Notwithstanding anything to the contrary in this Confirmation, if the interest rate of the Strike Index as observed four (4) London Business Days prior to any Quarterly Strike Date (or on the next Boston Banking Day if any such day is not a Boston Banking Day) equals or exceeds the Strike Rate, the Advance shall mature and all principal and interest shall be payable in immediately available funds on such Quarterly Strike Date.

  • The Company shall not be liable to compensate the Insured or pay any amount, in the event that the Observed Weather Index is lower than the Strike Index or Exit Index, as the case may be, in case of coverage for excess weather parameter cover or In the event that the Observed Weather Index is greater than the Strike Index or Exit Index, as the case may be, in case of coverage for deficient weather parameter cover during the Policy period.

  • Common areas and offices, many of which are on an upper level, occupy the remainder of the building.

  • Indeed, FSP was first quantified by the continuous measure of Strike Index [13]; the centre of pressure location at touchdown measured as a percentage along the long axis of the foot from heel to toe, i.e. 0–33% indicates RFS, 34–67% MFS, and 68–100% FFS.


More Definitions of Strike Index

Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim compensation payment upto but not equal to the Sum Insured mentioned in the Schedule attached to this Policy.
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Related to Strike Index

  • CPI Index means the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, U.S. City Average, “All Items” (1982-84 = 100), or any successor index thereof as such successor index may be appropriately adjusted to establish substantial equivalence with the Consumer Price Index; provided that if the Consumer Price Index ceases to be published and there is no successor thereto, such other index as the Company shall designate in writing to the Trustee shall be substituted for the Consumer Price Index.

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • Strike Date means 12 March 2014, subject to postponement in accordance with the following provisions. If on the Strike Date the Reference Price of an Underlying is not determined and published or if on the Strike Date a Market Disruption Event with respect to an Underlying occurs, then the next following Exchange Business Day on which the Reference Price of such Underlying is determined and published again and on which a Market Disruption Event with respect to such Underlying does not occur will be deemed to be the relevant Strike Date for such Underlying.

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Strike Price means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of a SAR granted in tandem with an Option, the Exercise Price of the related Option, or (ii) in the case of a SAR granted independent of an Option, the Fair Market Value on the Date of Grant.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Index Value means, in relation to any Reference Rate Business Day:

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.