Underlying Asset to Unit Ratio definition

Underlying Asset to Unit Ratio means the quantity of Security(ies) and/or Derivative Transaction(s) attributable to each Unit existing on the Initial Date of Deposit. Specifically, for each Unit, as applicable (i) for equity Securities, the number of shares of each issue of Securities attributable thereto, (ii) for standard debt Securities, the par amount of each issue of debt Securities attributable thereto and (iii) for stripped or zero-coupon debt Securities, the face value of each issue of stripped or zero-coupon debt Securities (computed separately for each maturity) attributable thereto, in each case, existing on the Initial Date of Deposit. With respect to a Derivatives Trust, for each Unit, the notional amount, number of options contracts, number of index units or other similar quantity of each Derivative Transaction attributable thereto on the Initial Date of Deposit. The Underlying Asset to Unit Ratio shall be adjusted to the extent necessary, and may be rounded, to reflect the sale, redemption or liquidation of any of the Securities or Derivative Transactions or the occurrence of a stock dividend, a stock split, conversion, exchange or a similar event which affects a Security or a Derivative Transaction.
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Underlying Asset to Unit Ratio means with respect to any Series of Trust, the quantity of Security(ies) and/or Derivative Transaction(s) attributable to each related Unit existing on the Initial Date of Deposit. Specifically, for each Unit of a given Series, as applicable, (i) for equity Securities, the number of shares of each issue of Securities attributable thereto, (ii) for standard debt Securities, the par amount of each issue of debt Securities attributable thereto and (iii) for stripped or zero-coupon debt Securities, the face value of each issue of stripped or zero-coupon debt Securities (computed separately for each maturity) attributable thereto, in each case, existing on the Initial Date of Deposit. In the case of an Index Trust, the actual number of shares of each issue of Securities attributable to each Unit necessary to cause the Index Trust portfolio to replicate, to the extent practicable, the Index Trust’s Target Index on the Initial Date of Deposit. With respect to a Derivatives Trust Series, for each Unit, the notional amount, number of options, number of index units or other similar quantity of each Derivative Transaction attributable thereto on the Initial Date of Deposit. The Underlying Asset to Unit Ratio shall be adjusted to the extent necessary, and may be rounded, to reflect the sale, redemption or liquidation of any of the Securities or the occurrence of a stock dividend, stock split, conversion, exchange or a similar event which affects the Security or Derivatives Transaction.
Sample 1

Examples of Underlying Asset to Unit Ratio in a sentence

  • Securities sold and Derivative Transactions terminated or Securities distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold, terminated or distributed by the Series Trustee, to the extent practicable, in the Underlying Asset to Unit Ratio then existing (unless the Series elects to be treated as a RIC, in which case sales or distributions by the Series Trustee shall be made in accordance with the instructions of the Portfolio Consultant or its designees).

  • Securities sold and Derivative Transactions terminated or Securities distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold, terminated or distributed by the Custodian, to the extent practicable, in the Underlying Asset to Unit Ratio then existing (unless that Series of Trust elects to be treated as a RIC, in which case sales or distributions by the Custodian shall be made in accordance with the instructions of the Supervisor or its designees).

  • For each Security, the Underlying Asset to Unit Ratio for the Series [—] of Trust is: * The number of shares of each issue of Securities attributable to each Unit.

  • For each Security, the Underlying Asset to Unit Ratio is: Security Underlying Asset to Unit Ratio* [·] [·] *The number of shares of each issue of Securities attributable to each Unit on the Initial Date of Deposit.

  • For each Security, the Underlying Asset to Unit Ratio for the Series 6 of Trust shall be equal to the ratio of (i) the “Aggregate Principal Amount” in respect of such Securities set forth under “Trust Portfolio—Portfolio Composition” in the Prospectus for Series 6 of Trust to (ii) the number of Units for Series 6 of Trust set forth under “Statement of Financial Condition—Number of Units” in the Prospectus for the Series 6 of Trust.

  • In order to receive the best execution, the Supervisor may specify minimum amounts of the Securities to be sold (round lots), but shall maintain the Underlying Asset to Unit Ratio to the extent reasonably practicable.

  • Securities sold and Derivative Transactions terminated or Securities distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold, terminated or distributed by the Trustee, to the extent practicable, in the Underlying Asset to Unit Ratio then existing (unless the Trust elects to be treated as a RIC, in which case sales or distributions by the Trustee shall be made in accordance with the instructions of the Supervisor or its designees).

  • For each Security, the Underlying Asset to Unit Ratio is: Security Underlying Asset to Unit Ratio* [·] [·] *The number of securities of each issue of Securities attributable to each Unit on the Initial Date of Deposit.

  • For each Security, the Underlying Asset to Unit Ratio for the Series 1 of Trust shall be equal to the “Principal Amount per Unit” in respect of such Security set forth under “Statement of Financial Condition—Trust Portfolio” in the Prospectus for Series 1 of Trust.

  • Mr. Osuch, Mr. Quigley and Dr. Lorfink provided updates on holiday activities, including band and choral concerts.

Related to Underlying Asset to Unit Ratio

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Class C Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Adjusted Principal Balance As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.

  • Adjustment ratio means the value of index A divided by index

  • Stored value means monetary value that is evidenced by an electronic record.

  • Class D Interest Coverage Ratio means, as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on the following Payment Date. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

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

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

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

  • Ending Value means the average of the values of the Basket at the close of the market on five business days shortly before the maturity date of the Notes. We may calculate the Ending Value by reference to fewer than five or even a single day's closing value if, during the period shortly before the maturity date of the Notes, there is a disruption in the trading of a sufficient number of stocks included in any Basket Index or certain futures or options contracts relating to a Basket Index.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable.

  • Reference Portfolio Return means on any day, the weighted average return of the Reference Assets calculated as the sum of the Weighted Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio.

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Risk Weighted Assets means the risk weighted assets or total risk exposure amount, as calculated by the Company in accordance with the Capital Regulations applicable to the Regulatory Group as at that point in time.

  • Adjusted Lower Tier WAC For any Distribution Date (and the related Accrual Period), an amount equal to (i) two, multiplied by (ii) the weighted average of the interest rates for such Distribution Date for the Class LT3-A1, Class LT3-A2, Class LT3-A3, Class LT3-A4, Class LT3-A5, Class LT3-M1, Class LT3-M2, Class LT3-M3, Class LT3-M4, Class LT3-M5, Class LT3-M6, Class LT3-M7, Class LT3-M8, Class LT3-M9, Class LT3-B1, Class LT3-B2 and Class LT3-Q Interests, weighted in proportion to their Class Principal Amounts as of the beginning of the related Accrual Period and computed by subjecting the rate on the Class LT3-Q Interest to a cap of 0.00%, and by subjecting the rate on each of the Class LT3-A1, Class LT3-A2, Class LT3-A3, Class LT3-A4, Class LT3-A5, Class LT3-M1, Class LT3-M2, Class LT3-M3, Class LT3-M4, Class LT3-M5, Class LT3-M6, Class LT3-M7, Class LT3-M8, Class LT3-M9, Class LT3-B1 and Class LT3-B2 Interests to a cap that corresponds to the Certificate Interest Rate (determined by substituting the REMIC 3 Net Funds Cap for the applicable Net Funds Cap) for the Corresponding Class of Certificates; provided, however, that for each Class of LIBOR Certificates, the Certificate Interest Rate shall be multiplied by an amount equal to (a) the actual number of days in the Accrual Period, divided by (b) 30.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.