Closing Index Level definition

Closing Index Level means, with respect to any day, in the case of the Index or the Successor Index, the closing level of the Index or the Successor Index, as the case may be, as reported by STOXX Limited or the publisher of the Successor Index, as the case may be, on such day or as determined by the Calculation Agent pursuant to the Calculation Agency Agreement.

Closing Index Level means the closing level of each Index or any Successor Index at the regular official close of trading on each Locked-In Performance Determination Date, in the base currency in which the Indices are calculated, as determined by the Calculation Agent. If any Locked-In Performance Determination Date is not a Trading Day in respect of a relevant Index or if a Market Disruption Event exists on such date in respect of a relevant Index, the closing level of the relevant Index on the first following day that is a Trading Day or the first Trading Day on which a Market Disruption Event has ceased will be used. If such a Market Disruption Event should last more than 5 days, or if there is not Trading Day after 5 days, the closing level of the relevant Index will be determined by the Calculation Agent in its sole discretion and in good faith using all available market information. The Closing Index Level will not include any distributions paid on the securities included in the Indices, if any.

Closing Index Level means, in relation to a Scheduled Valuation Day, (i) the official closing level of the Index in respect of that Scheduled Valuation Day as calculated and published by the Index Sponsor of such Index and which shall be made available on the website maintained on behalf of the Issuer at www.etc.db.com (or such other website as may be notified to Securityholders in accordance with Condition 19 from time to time) or (ii) if Condition 9(b) applies, the level for the Index determined by the Swap Calculation Agent in respect of such Scheduled Valuation Day under the Swap Agreement and notified to the Issuer (and copied to each Transaction Party (other than the Authorised Participant(s) and the Lead Authorised Participant)) as described in Condition 9(b) and which shall be made available on the website maintained on behalf of the Issuer at www.etc.db.com, provided that if such Scheduled Valuation Day is the Observation Date relating to a Swap Counterparty Event of Default pursuant to Condition 8(d)(iv)(A)(VI) or a Swap Counterparty Termination Event and the Index Sponsor does not publish the official closing level of the Index in respect of such Observation Date, the Closing Index Level in respect of such Observation Date shall be deemed to be equal to the Closing Index Level determined in respect of the last preceding Scheduled Valuation Day in respect of which a Closing Index Level was determined for the purposes of the ETC Securities. Without prejudice to the preceding sentence, if the Scheduled Valuation Day in respect of which the Swap Counterparty has delivered a Disruption Event Notice is an Observation Date and the Swap Calculation Agent has not calculated the Closing Index Level in accordance with Condition 9(b) by 11:00 London time on the Scheduled Valuation Day immediately following the last day of the Closing Index Valuation Period, then the Closing Index Level in respect of such Observation Date shall be deemed to be equal to the Closing Index Level determined in respect of the last preceding Scheduled Valuation Day in respect of which a Closing Index Level was determined for the purposes of the ETC Securities.

Closing Index Level means, in respect of any relevant day, the official closing level of the Index (expressed in EUR) on such day as calculated and published by the index sponsor.

Closing Index Level means the closing level of each Index at the regular official close of trading on each Locked- In Performance Determination Date;

Closing Index Level means, with respect to any day, in the case of any Component Index or any Successor Index, the closing level of such Component Index or Successor Index, as the case may be, as reported by the publisher of such Component Index or Successor Index, as the case may be, on such day or as determined by the Calculation Agent pursuant to the Calculation Agency Agreement.

Closing Index Level means, in respect of an Index and a relevant day, the official closing level of such Index as of the relevant Determination Time on or in respect of such relevant day as calculated and published by the Index Sponsor in respect of such Index.

Closing Index Level on any Index Business Day means the closing level of the Index as published on Bloomberg under the ticker symbol “PCARSNTR<Index>”, subject to adjustment as provided in Section 3 hereof.

Closing Index Level means the official closing level of the Index as calculated by