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.
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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; X.X. Xxxxxx 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...
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Underlying Issuers. (each an "Underlying Issuer") are the issuers of the Underlying Stocks.
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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 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.

  • California Stevedore & Ballast Co case, the court stated that “….

  • 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.

  • Pemberton uses ESG data acquired through its own internal due diligence, external consultants and third party data analytical tools when considering a prospective Underlying Issuer's adherence to ESG Factors, ESG risks and their potential impact on the fund's returns.

  • 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.

  • Summary of investment strategy: The AIFM will take into consideration certain environmental, social and governance factors when assessing the suitability of prospective Underlying Issuers and, where relevant, the target group.

  • The method we use to measure discretion is closest to the work of David Epstein and Sharon O`Halloran (1999) and the work of Fabio Franchino (2004) and Robert Thomson et al.

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 the common shares in the capital of the Resulting Issuer;

  • Resulting Issuer means the issuer that was formerly a CPC that exists upon issuance of the Final Exchange Bulletin.

  • Underwriters' Securities means the Offered Securities other than Contract Securities.

  • Restricted List Securities means the list of securities that are provided to the Compliance Department by Invesco Ltd. or investment departments, which include those securities that are restricted from purchase or sale by Client or Employee accounts for various reasons (e.g., large concentrated ownership positions that may trigger reporting or other securities regulatory issues, or possession of material, non-public information, or existence of corporate transaction in the issuer involving an Invesco Ltd. unit).

  • reporting issuer shall have the meaning set forth in Section 6.2.

  • Issuer’s Bonds means any Bonds which are owned by the Issuer or any Affiliate of the Issuer.

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • New Securities Trustee means a bank or trust company reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture.

  • Underlying Company means the issuer of the relevant Security as specified above, in each case subject to adjustment in accordance with Condition 13 (Adjustments).

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Underlying Securities Trustee means The Bank of New York.

  • Underlying Securities Indenture As set forth in Schedule I.

  • Issuers the collective reference to each issuer of any Investment Property.

  • Outstanding Issue means the number of Shares that are outstanding (on a non-diluted basis) immediately prior to the Share issuance or grant of Option in question.

  • Senior Securities means senior securities (as such term is defined and determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder).

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.

  • Private Exchange Securities shall have the meaning set forth in Section 2.1 hereof.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • SEC issuer means an issuer that

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.