Substitute Index Level definition

Substitute Index Level means the level of the Index, determined by the Calculation Agent pursuant to (c) below, in respect of an Affected Payment Date.

Substitute Index Level means, in respect of a Delayed Index Level Event, the index level determined by the Issuer in accordance with Condition 7(l).

Substitute Index Level means an Index level, determined by the Determination Agent pursuant to the provisions of Condition 13.1 (Delay of Publication), in respect of an Affected Payment Date; and

Examples of Substitute Index Level in a sentence

• Latest Level means, in respect of an Inflation Index, the latest level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor prior to the month in respect of which the Substitute Index Level is being determined.

• The Substitute Index Level so determined pursuant to this Condition 5 will be the definitive level for that Reference Month.

• The Substitute Index Level so determined pursuant to this Condition 4.9(i) will be the definitive level for that calculation month.

• The Issuer shall give notice to Noteholders, in accordance with Condition 14 of any Substitute Index Level calculated pursuant to this Inflation provision.

• The sample withdrawal system was develo- ped in cooperation with the company UMS.

More Definitions of Substitute Index Level

Substitute Index Level means, in respect of an Index Level Publication Delay Event, the index level determined by the Calculation Agent in accordance with Condition 1 above.

Substitute Index Level means, in respect of the relevant Interest Payment Date, Maturity Date or Early Redemption Date as applicable, the Inflation Index level, determined by the Calculation Agent using the following methodology:

Substitute Index Level means an Index level, determined by the Calculation Agent pursuant to the provisions of Condition 8(a) (Inflation- Linked Notes – Delay of Publication), in respect of an Affected Payment Date; and

Substitute Index Level means the level of the Index, determined by the Calculation Agent pursuant to Condition 17 (Adjustments to Indices) in respect of an Affected Payment Date;

Substitute Index Level means, in respect of a Delayed Index Level Event, the index level determined by the Calculation Agent in accordance with Condition 17(c)(i) "Substitute Index Level" above.

Substitute Index Level means an Index level, determined by the Calculation Agent pursuant to the Delay in Publication provisions below. Delay in Publication: If the Calculation Agent determines that the level of theIndex for the Reference Month which includes 18 September 2015 (a “Relevant Level”) has not been published or announced by the day that is five Business Days prior to the Maturity Date, the Calculation Agent shall determine a Substitute Index Level (in place of such Relevant Level) by using the following methodology:

Substitute Index Level means, in respect of the relevant Interest Payment Date, Maturity Date or Early Redemption Date as applicable, the Inflation Index level, determined by the Calculation Agent using the following methodology:Substitute Index Level = Base Level x (Latest Level / Reference Level)Where: