Worst Performing Underlying Security definition

Worst Performing Underlying Security means the Underlying Security with the lowest ratio of Final Closing Price to Initial Closing Price.
Sample 1Sample 2Sample 3
Worst Performing Underlying Security means the Underlying Securities with the lowest ratio of Final Price to Initial Price.
Sample 1

Examples of Worst Performing Underlying Security in a sentence

  • In this example, since the Underlying Security of the iShares® S&P/TSX Global Gold Index ETF is the Worst Performing Underlying Security with a Final Closing Price of $16.96, which is above its Protection Barrier Price of $14.84, the Final Redemption Amount per Security is equal to $100.00.

  • In this example, the Underlying Security of the iShares® S&P/TSX Global Gold Index ETF is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $21.20 and Final Closing Price (Xf) of $14.20.

  • The normal feed stock used for a continuous digesting process contains 50% saw mill chips and 50 % softwood chips from pine wood.

  • In this example, the Underlying Security of the iShares® S&P/TSX Capped Energy Index ETF is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $7.20 and Final Closing Price (Xf) of $4.97.

  • The core thesis is that it is possible to reduce the adverse environmental impact of products if firms change their business models and customers revise their conceptions of ownership.

  • In this example, since the Underlying Security of the iShares® S&P/TSX Capped Energy Index ETF is the Worst Performing Underlying Security with a Final Closing Price of $5.26, which is above its Protection Barrier Price of $5.04, the Final Redemption Amount per Security is equal to $100.00.

  • If the Underlying Security Return of the Worst Performing Underlying Security is negative and lower than -$40.00, the Aggregate Return per Security is an amount equal to the sum of the Partial Principal Repayment Amount and the Return of the Worst Performing Underlying Security (which Return shall not be lower than -$99.00).

  • In this example, since the Underlying Security of the iShares® S&P/TSX Capped Energy IndexETF is the Worst Performing Underlying Security with a Final Closing Price of $18.32, which is above its Protection Barrier Price of $17.56, the Final Redemption Amount per Security is equal to $100.00.

  • In this example, since the Underlying Security of the Technology Select Sector SPDR® Fund is the Worst Performing Underlying Security with a Final Closing Price of US$106.50, which is above its Protection Barrier Price of US$103.54, the Final Redemption Amount per Security is equal to $100.00.

  • In this example, since the Underlying Security of the iShares® S&P/TSX Capped Energy Index ETF is the Worst Performing Underlying Security with a Final Closing Price of $5.68, which is above its Protection Barrier Price of $5.45, the Final Redemption Amount per Security is equal to $100.00.

Related to Worst Performing Underlying Security

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.

  • Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • Non-Performing Assets means an asset classified as non-performing based on the instructions and guidelines issued by the Reserve Bank of India from time to time

  • Deficient Valuation Mortgage Loan Any Mortgage Loan that became the subject of a Deficient Valuation.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Breakage Amount has the meaning set forth in Section 3.06 of the Series 2019-1 Class A-1 Note Purchase Agreement.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Fraud Loss Coverage Amount As of the Closing Date, $10,458,862 subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • Class A/B Coverage Tests means the Class A/B Interest Coverage Test and the Class A/B Par Value Test.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Performing Equipment Note “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the amount of Realized Losses incurred on a Mortgage Loan and the denominator of which is the principal balance of such Mortgage Loan immediately prior to the liquidation of such Mortgage Loan.