Underlying Asset Clause Samples

The 'Underlying Asset' clause defines the specific asset or group of assets upon which a financial contract, such as a derivative or structured product, is based. This clause typically identifies the asset by name, type, or other distinguishing characteristics, ensuring all parties are clear about what the contract references—examples include a particular stock, commodity, index, or currency. By clearly specifying the underlying asset, the clause eliminates ambiguity and ensures that the rights and obligations of the parties are tied to a well-defined reference, thereby reducing the risk of disputes.
Underlying Asset. An Underlying Asset is a term used in derivatives trading. A derivative is a financial instrument with a price that is based on (that is, derived from) a different Asset. The Underlying Asset is the financial instrument (such as stock, futures, a commodity, a currency or an index) on which a derivative's price is based. A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout. Stock split is a decision by a company's board of directors to increase the number of shares that are outstanding by issuing more shares to current shareholders. Reverse stock split is usually used by companies with low share prices that would like to increase these prices to either gain more respectability in the market or to prevent the company from being delisted or taken over by another company.
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Underlying Asset. An Underlying Asset is a term used in derivatives trading. A derivative is a financial instrument with a price that is based on (that is, derived from) a different Asset. The Underlying Asset is the financial instrument (such as stock, futures, a commodity, a currency or an index) on which a derivative's price is based.
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Underlying Asset. If the Mortgage Loan is an Agency Eligible Mortgage Loan and is subject to a property inspection waiver, the property valuation was the subject of a duly issued appraisal waiver offer that was not more than four months old as of the date of the Mortgage Note and Mortgage.
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Underlying Asset. Each “Collateral Obligation” (as defined in the Security Indenture) that is owned by the Security Issuer from time to time
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Underlying Asset. The CME Group Light Sweet Crude Oil (WTI) Futures Contract.
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Underlying Asset. Any security, commodity, instrument, or transaction on forward financial instruments or Transaction to which a Transaction relates.
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Underlying Asset. It refers to any Financial Asset subject to the derivative agreement.
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Related to Underlying Asset

  • Mortgage Loan The appraisal was conducted by an appraiser who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof; and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and the appraiser both satisfy the applicable requirements of Title XI of the Financial Institution Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated;

  • Mortgage Loan repurchased (The Master Servicer hereby certifies that the Purchase Price has been credited to the Collection Account or the Certificate Account (whichever is applicable) pursuant to the Trust Agreement.)

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Mortgage Loan Schedule The information pertaining to each Mortgage Loan which is set forth in the Mortgage Loan Schedule attached as an exhibit to this Agreement is true and correct in all material respects as of the Cut-off Date and contains all information required by the Pooling and Servicing Agreement to be contained therein.

  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;