Tradable Level definition

Tradable Level means, in respect of a Component (n) and any Trading Day, the Closing Level of each such Component on such Trading Day, provided that if a Market Disruption Event has occurred or is existing on such Trading Day in respect of such Component, the Tradable Level for such Component shall be determined in accordance with section D (Consequences of Market Disruption Events).
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Tradable Level means, in respect of each Component (n) and any Basket Calculation Day, the Closing Level of each such Component on such Basket Calculation Day, provided that if a Market Disruption Event has occurred or is existing on such Basket Calculation Day in respect of such Component, the Tradable Level for such Component shall be determined in accordance with paragraphB.4 (Consequences of Market Disruption Events)
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Tradable Level means, in respect of each Component (n) and any Commodity Alpha Strategy Calculation Day, the Closing Level of each such Component on such Commodity Alpha Strategy Calculation Day, provided that if a Market Disruption Event has occurred or is existing on such Commodity Alpha Strategy Calculation Day in respect of such Component, the Tradable Level for such Component shall be determined in accordance with section D entitled “Consequences of Market Disruption Events”.
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Examples of Tradable Level in a sentence

  • The level (the "Strategy Tradable Level") of a GS Strategy in respect of each Strategy Calculation Day will depend on the daily mark-to-market change in the value of the position in each Terminal Component included in such GS Strategy.

  • The Strategy Tradable Level of each GS Strategy will be calculated by the Strategy Sponsor in accordance with paragraph 1 of this Section B: Calculation of the Strategy Tradable Level and Strategy Timely Level.

  • The Strategy Timely Level will be calculated by the Strategy Sponsor in accordance with paragraph 2 of this Section B: Calculation of the Strategy Tradable Level and Strategy Timely Level.

  • If a Non-Tradable Event occurs on any Strategy Calculation Day t in respect of any Terminal Component included in a GS Strategy, the Strategy Sponsor will not be able to calculate the Strategy Tradable Level in respect of such Strategy Calculation Day t until a later date.

  • Unless otherwise specified in the Strategy Rules, the Strategy Tradable Level shall be floored at zero, meaning that if the methodology set out in this Section B: Calculation of the Strategy Tradable Level and Strategy Timely Level would otherwise result in a Strategy Tradable Level on a Strategy Calculation Day t of less than zero, the Strategy Tradable Level shall be deemed to be zero on such Strategy Calculation Day t and all subsequent Strategy Calculation Days.

  • Publication of the GS Strategy If so specified in the Relevant General Strategy Description or the Other Relevant Strategy Documentation Elements, the Strategy Calculation Agent will publish the Strategy Timely Level and/or the Strategy Tradable Level on the Strategy Publication Data Source.

  • For the purposes of determining the Timely Level or the Tradable Level of a Currency Conversion Component, the Style of such Currency Conversion Component shall be deemed to be "FX-Spot".


More Definitions of Tradable Level

Tradable Level means, in respect of a Component or a Currency Conversion Component, and a Strategy Calculation Day, the "tradable" level or price of such Component or Currency Conversion Component (as the case may be) on such Strategy Calculation Day, as determined in accordance with the Style of such Component or Currency Conversion Component and as described in the Timely and Tradable Level Table in respect of such Component or Currency Conversion Component.
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Tradable Level means, in respect of a Component, and a Strategy Calculation Day, the "tradable" level or price of such Component (as the case may be) on such Strategy Calculation Day, as determined in accordance with paragraph (i) or (ii) below, as applicable:
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Related to Tradable Level

  • Trading Price of the Notes on any date of determination means the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers the Company selects for this purpose; provided that if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of Notes from a nationally recognized securities dealer on any determination date, then the Trading Price per $1,000 principal amount of Notes on such determination date shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.

  • VWAP means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.