Underlying Issuers definition

Underlying Issuers. (each an "Underlying Issuer") are the issuers of the Underlying Stocks. The Underlying Stocks as of February 19, 2004 are: Altria Group, Inc.; AT&T Corp.; E.I. du Pont de Nemours and Company; Exxon Mobil Corporation; General Electric Company; General Motors Corporation; International Paper Company; J.P. Morgan Chase & Co.; Merck & Co. Inc.; and SBC Communications Inc.
Underlying Issuers. (each an “Underlying Issuer”) are the issuers of the Underlying Stocks. The Underlying Stocks as of October 28, 2004 are: Altria Group, Inc.; Coca-Cola Company; E.I. du Pont de Nemours and Company; General Electric Company; General Motors Corporation; ▇.▇. ▇▇▇▇▇▇ Chase & Co.; Merck & Co. Inc.; Pfizer Inc.; SBC Communications Inc. and Verizon Communications Inc. The Income 10 Portfolio will be calculated by Citigroup Global Markets Inc. as calculation agent using an equal dollar-weighting methodology designed to ensure that each of the Underlying Stocks is represented in an approximately equal dollar amount in the Income 10 Portfolio as of each annual reconstitution of the Income 10 Portfolio, including the reconstitution that occurred on October 28, 2004. To create the Income 10 Portfolio, the calculation agent calculated a notional portfolio of the Underlying Stocks representing an investment of $10 in each Underlying Stock at their volume weighted average prices, or VWAP, on October 28, 2003. Accordingly, each underlying stock initially represented 10% of the value of the Income 10 Portfolio. The VWAP of a common stock for any day is the total value of the shares of that stock traded on that stock’s relevant exchange that day divided by the total number of shares of that stock traded on that stock’s relevant exchange that day. The VWAP of each Underlying Stock for any day will be the price as calculated by Bloomberg Financial Markets using the function “VAP,” or any successor function, and taking into account all trades of that stock between 9:30 a.m. and 4:00 p.m. New York time on that date or if such price is not so calculated by Bloomberg Financial Markets, then as reported by another recognized source selected by the calculation agent on that date. The value of the Income 10 Portfolio at any time equals the sum of the products of the current trading price for each Underlying Stock and the Portfolio Composition Ratio (as defined below), of that Underlying Stock. Because the notional portfolio used to create the Income 10 Portfolio represented investments of $10 in ten stocks, the initial value of the Income 10 Portfolio on October 28, 2003 was 100.00. The value of the Income 10 Portfolio at the close of business on November 22, 2004 was $97.03. The value of the Income 10 Portfolio used to calculate the ending value of the 2004-5 Dynamic Portfolio Index will be based on the VWAP of each Underlying Stock on the fifth Index Business Day prior to the Stat...
Underlying Issuers. (each an "Underlying Issuer") are the issuers of the Underlying Stocks.

Examples of Underlying Issuers in a sentence

  • Notwithstanding anything to the contrary contained herein, upon request of any Certificateholder, the Trustee, on behalf of such Certificateholder, shall enforce any of the Trustee's rights under U.S. Federal or State securities laws as the purchaser of Underlying Notes from the related Underlying Issuers and shall promptly notify the Certificateholders that it has received such a request and is pursuing such enforcement.

  • Borrower agrees to be bound by the Underlying Issuer's regulations and interpretations of any Letter of Credit or by Issuing Lender's interpretations of any Reimbursement Undertaking even though this interpretation may be different from Borrower's own.

  • The Depositor and the Trustee, as purchasers of the Underlying Notes, hereby assign to the purchasers of the Certificates from the Trust any and all of their rights against the Underlying Issuers under the U.S. Federal and State securities laws as the purchaser of the Underlying Notes, including, but not limited to, any civil liability available to a purchaser of securities under Rule 10b-5 of the Exchange Act and Sections 11 and 12(a)(2) of the Securities Act.

  • The Depositor and the Trustee, as purchasers of the Underlying Notes, hereby assign to the purchasers of the Certificates from the Trust any and all of their rights against the Underlying Issuers under the U.S. federal and State securities laws as the purchaser of the Underlying Notes, including, but not limited to, any civil liability available to a purchaser of securities under Rule 10b-5 of the Exchange Act and Sections 11 and 12(a)(2) of the Securities Act.

  • Notwithstanding anything to the contrary contained herein, upon request of any Certificateholder, the Trustee, on behalf of such Certificateholder, shall enforce any of the Trustee's rights under U.S. federal or State securities laws as the purchaser of Underlying Notes from the related Underlying Issuers and shall promptly notify the Certificateholders that it has received such a request and is pursuing such enforcement.

  • The Depositor and the Trustee, as purchasers of the Underlying Notes, hereby assign to the purchasers of the Certificates from the Trust any and all of their rights against the Underlying Issuers and the Debt Agents under the U.S. Federal and State securities laws as the purchaser of the Underlying Notes, including, but not limited to, any civil liability available to a purchaser of securities under Rule 10b-5 of the Exchange Act and Sections 11 and 12(a)(2) of the Securities Act.

  • By signing a Trade Order and the Specifications of a Forward Contract, Client acknowledges that the Company is not liable for any corporate events, corporate actions, defaults, bankruptcy and insolvency of the Underlying Issuers that may lead directly or indirectly to Client’s suffering losses in connection with settlements on the Forward Contract.

  • All other charges, commissions, fees and costs charged by the Underlying Issuer will be paid by the Borrowers at the rates from time to time in effect and generally charged to the Underlying Issuer's customers.

  • Notwithstanding anything to the contrary contained herein, upon request of any Certificateholder, the Trustee, on behalf of such Certificateholder, shall enforce any of its rights under U.S. Federal or State securities laws as the purchaser of Underlying Notes from the related Underlying Issuers.

  • Each Borrower agrees to be bound by the Underlying Issuer's regulations and interpretations of any Letter of Credit, even though this interpretation may be different from such Borrower's own, and each Borrower understands and agrees that the Lender Group shall not be liable for any error, negligence, or mistake, whether of omission or commission, in following the Borrowers' instructions or those contained in the Letter of Credit or any modifications, amendments, or supplements thereto.

Related to Underlying Issuers

  • Underlying Issuer means a third Person which is the beneficiary of an L/C Undertaking and which has issued a letter of credit at the request of the Issuing Lender for the benefit of Borrowers.

  • qualifying issuer means a reporting issuer in a jurisdiction of Canada that

  • Underlying Securities Issuer With respect to an Underlying Security, the issuer thereof (including, if applicable, the guarantor of the Underlying Security), as identified in the Underlying Securities Schedule.

  • Co-Issuers The Issuer and the Co-Issuer.

  • Resulting Issuer Shares means common shares in the capital of the Resulting Issuer;