ETP Security Value definition

ETP Security Value has the meaning given to it in Condition 5.
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ETP Security Value in respect of any Valuation Date (which is not a Disrupted Day and on which an Unscheduled Rebalance does not occur) shall be calculated as follows:
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Examples of ETP Security Value in a sentence

  • Additionally, to the extent that it owns the underlying assets, the Issuer will be exposed to the risk of the price of the underlying assets decreasing which may also result in a decrease of the ETP Security Value.

  • To the extent that it owns the Underlying Assets, the Issuer will be exposed to the risk of the price of the Underlying Assets decreasing which may result in a decrease of the ETP Security Value.

  • If a Valuation Date is a Disrupted Day, then with respect to a Series of ETP Securities: the calculation and publication of the ETP Security Value in respect of such Valuation Date will be postponed to the next following Valuation Date that is not a Disrupted Day; the Issuer shall use reasonable efforts, to the extent that all required information is available to it, to publish an indicative price in respect of each ETP Security on the Issuer’s Website, solely for information purposes.

Related to ETP Security Value

  • Security Value means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time, the aggregate of (a) the market value of the Mortgaged Ships as most recently determined in accordance with clause 8.2.2 and (b) the market value of any additional security for the time being actually provided to the Creditors or any of them pursuant to clause 8.2;

  • Equity Value means the price an item can be reasonably expected to sell for on the local open market minus any encumbrances.