Uncommon Values Index definition

Uncommon Values Index represents an equal dollar-weighted portfolio of the common stocks or other equity securities of the ten companies underlying the 10 Uncommon Values for each Twelve-Month Period during the period beginning on the date of announcement of the 10 Uncommon Values in 2001 and ending on the Stated Maturity, as adjusted by certain extraordinary corporate events involving the issuers of the Index Securities as described herein. The announcement of the ten common stocks that shall make up the 10 Uncommon Values Index shall be made on or about July 1 (such date of announcement, the "Announcement Day") of each year preceding the initial issuance of and during the term of the Securities. Except as set forth below, the Index Securities in the 10 Uncommon Values Index shall remain constant for each Twelve-Month Period.
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Uncommon Values Index represents an equal dollar-weighted portfolio of the common stocks of the ten companies underlying the 10 Uncommon Values for each Twelve-Month Period during the period beginning on the date of announcement of the 10 Uncommon Values in 1999 and ending on the Stated Maturity, as adjusted by certain extraordinary corporate events involving the issuers of the Index Securities as described herein. The announcement of the ten common stocks that shall make up the 10 Uncommon Values Index shall be made on or about July 1 (such date of announcement, the "Announcement Day") of each year during the term of the Securities. Except as set forth below, the Index Securities in the 10 Uncommon Values Index shall remain constant for each Twelve-Month Period.
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Examples of Uncommon Values Index in a sentence

  • The Multiplier relating to each Index Security is the number of shares (including fractional shares, expressed as a decimal) of such Index Security included in the 10 Uncommon Values Index.

  • In addition, the Calculation Agent shall provide information to the American Stock Exchange ("AMEX") that is necessary for the AMEX's daily calculation and dissemination of the level of the 10 Uncommon Values Index if the AMEX is unable to obtain such information.

  • The Calculation Agent shall, once per Trading Day, provide AMEX with the interest accrued on the Cash Included in the 10 Uncommon Values Index.

  • If the AMEX is unable to obtain certain information necessary for its daily calculation and dissemination of the level of the 10 Uncommon Values Index, the Calculation Agent shall provide the necessary information as follows below.

  • The number of shares of an Index Security constituting the "Multiplier" for such Index Security shall equal the number of shares (or fraction of one share) of such Index Security that, when multiplied by the Average Execution Price for such Index Security, results in the Index Security initially accounting on the Announcement Day for 10% of the level of 10 Uncommon Values Index on an equal dollar-weighted basis.

  • The Multipliers with respect to each Index Security shall remain constant for the Twelve-Month Period that such Index Security is part of the 10 Uncommon Values Index unless adjusted for certain extraordinary corporate events as described below.

  • The Calculation Agent shall also be responsible for (a) the determination of the Index Level on each Calculation Date, (b) the determination of the Rollover Closing Level of the 10 Uncommon Values Index for each Twelve-Month Period, (c) determining if any adjustments to the 10 Uncommon Values Index and/or the Multipliers should be made and (d) whether a Market Disruption Event has occurred.

  • Adjustments to a Multiplier and the 10 Uncommon Values Index shall be made in the following circumstances.

  • If a market price, including a price on a bulletin board service, is no longer available for an Index Security, then the value of the Index Security shall equal zero for so long as no market price is available, and no attempt shall be made to find a replacement stock or increase the level of the 10 Uncommon Values Index to compensate for the deletion of such Index Security.

  • The 10 Uncommon Values Index shall include an amount of cash equal to the product of the Multiplier of the Index Security and the Fair Market Value (the "M&A Sale Component").

Related to Uncommon Values Index

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Adjusted NOI means, with respect to any Property for the Current Reporting Quarter, annualized, an amount equal to (a) the aggregate gross revenues (excluding non-cash revenues) from the operations of such Property during such period, minus (b) the sum of (i) all expenses and other proper charges incurred in connection with the operation of such Property during such period (including real estate taxes, but excluding any property and asset management fees, debt service charges, income taxes, depreciation, amortization and other non-cash expenses and excluding capital expenditures), (ii) a management fee equal to the greater of (A) two percent (2%) of the aggregate gross base rental revenues (excluding non-cash revenues) from the operations of such Property during such period and (B) actual property management fees paid, and (iii) a replacement reserve of $0.10 per square foot (excluding any Property acquired during the Current Reporting Quarter). Adjusted NOI shall exclude the amount of any revenues and expenses from any Dark Property. Adjusted NOI shall be increased, without duplication, by (i) annualized rental revenues (excluding non-cash revenues), net of associated expenses, from any new lease which went into effect with the tenant taking occupancy (or any lease with respect to any Property acquired during the Current Reporting Quarter) and the Borrower is recognizing revenue from such tenant in accordance with GAAP during such Current Reporting Quarter, and (ii) annualized gross base rental revenues (excluding non-cash revenues) for the first monthly gross base rental payment for any lease in a free rent period and the Borrower is recognizing revenue from the applicable tenant in accordance with GAAP during such Current Reporting Quarter.

  • Capitalization Value means, at any time, the sum of (1) with respect to Real Property Businesses (other than UJVs), individually determined, the greater of (x) Combined EBITDA from such businesses (a) in the case of all Real Property Businesses other than hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at a rate of 6.0% per annum, and (y) the Gross Book Value of such businesses; (2) with respect to Other Investments, which do not have publicly traded shares, the Net Equity Value of such Other Investments; (3) with respect to Real Property UJVs, which do not have publicly traded shares, individually determined, the greater of (x) Combined EBITDA from such Real Property UJVs (a) in the case of all Real Property UJVs other than those owning hotels or trade show space, for the most recently ended calendar quarter, annualized (i.e., multiplied by four), and (b) in the case of Real Property UJVs owning hotels or trade show space, for the most recently ended four consecutive calendar quarters, in both cases, capitalized at the rate of 6.0%, less Borrower’s Pro Rata Share of any Indebtedness attributable to such Real Property UJVs, and (y) the Net Equity Value of such Real Property UJVs (subject to the last sentence of this definition); and (4) without duplication, Borrower’s Pro Rata Share of Unrestricted Cash and Cash Equivalents, the book value of notes and mortgage loans receivable and capitalized development costs (exclusive of tenant improvements and tenant leasing commission costs), and the fair market value of publicly traded securities, at such time, all as determined in accordance with GAAP. For clarity, the parties acknowledge and agree that the calculations pursuant to clause (1)(x) and (y) and clause (3)(x) and (y) above in this definition are intended to be made on a Real-Property-Asset-by-Real-Property-Asset basis. For the purposes of this definition, (1) for any Disposition of Real Property Assets by a Real Property Business during any calendar quarter, Combined EBITDA will be reduced by actual Combined EBITDA generated from such asset or assets, (2) the aggregate contribution to Capitalization Value in excess of 35% of the total Capitalization Value from all Real Property Businesses and Other Investments owned by UJVs shall not be included in Capitalization Value, and (3) the aggregate contribution to Capitalization Value from leasing commissions and management and development fees in excess of 15% of Combined EBITDA shall not be included in Capitalization Value. To the extent that liabilities of a Real Property UJV are Recourse to Borrower or the General Partner, then for purposes of clause (3)(y) above, the Net Equity Value of such Real Property UJV shall not be reduced by such Recourse liabilities.

  • Coupon Valuation Date means the 30th of March, June, September and December of each calendar year during the term of the Securities, commencing September 30, 2010, or if such date is not an Index Business Day, then the first Index Business Day following such date, provided that the final Coupon Valuation Date will be the Calculation Date, subject to adjustment as provided under Section 3 hereof.

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Adjusted Capital and Reserves means the aggregate of:

  • Adjusted Value as used in subdivision (d) means:

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Adjusted EBITDA Margin means Adjusted EBITDA calculated as a percentage of Adjusted Revenue.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.

  • Knock-in Value means the Underlying Reference Value.

  • Option Value means the value of a Common Stock Equivalent based on the Black Scholes Option Pricing model obtained from the “OV” function on Bloomberg determined as of (A) the Trading Day prior to the public announcement of the issuance of the applicable Common Stock Equivalent, if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, for pricing purposes and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of the applicable Common Stock Equivalent as of the applicable date of determination, (ii) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of (A) the Trading Day immediately following the public announcement of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, (iii) the underlying price per share used in such calculation shall be the highest VWAP of the Common Stock during the period beginning on the Trading Day prior to the execution of definitive documentation relating to the issuance of the applicable Common Stock Equivalent and ending on (A) the Trading Day immediately following the public announcement of such issuance, if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly announced, (iv) a zero cost of borrow and (v) a 360 day annualization factor.

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

  • Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day before the Stated Maturity to and including the second scheduled Index Business Day before the Stated Maturity.

  • SPS Valuation Date means the SPS Redemption Valuation Date or the Strike Date, as applicable.

  • Strip Price means, at any time, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding three complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fourth complete calendar year and each calendar year thereafter, the average NYMEX pricing for the twelve months in such fourth calendar year.

  • Excess valuation assets for a valuation period means:

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).