Fixing Level definition

Fixing Level means (i) in respect of a Commodity Index, the Fixing Level specified in the applicable Product Terms and Conditions or, if not so specified, the official closing price or level of such Com- modity Index and (ii) in respect of a Commodity for purposes of determining a relevant level of the Underlying the following unless otherwise defined in the Product Terms and Conditions:
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Fixing Level means, in relation to a Fixing Datet and subject to the Conditions, the official closing level of the Index on such date as
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Fixing Level means (i) in respect of a Commodity Index, the Fixing Level specified in the ap- plicable Product Terms and Conditions or, if not so specified, the official closing price or level of such Commodity Index and (ii) in respect of a Commodity for purposes of determining a
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Examples of Fixing Level in a sentence

  • As set out in the Supplemental DD Initial Fixing Level Applicable only in case of the Market Linked Debentures.

  • As set out in the Supplemental DD Final Fixing Level Applicable only in case of the Market Linked Debentures.


More Definitions of Fixing Level

Fixing Level means, in relation to a Fixing Datej and subject to the Conditions, the official closing level of the Index on such date as calculated and published by the relevant Index Sponsor.
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Fixing Level means the level of each Currency i within the Basket of Currencies at 4.00pm London time.
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Fixing Level means, in relation to an Underlying Currency and the Strike Date or an Averaging Date (as the case may be), the level of the Underlying Currency as published on the Fixing Page at 4.00 p.m. London time on such Strike Date or Averaging Date (as the case may be) as determined by the Calculation Agent, save that if the Strike Date or any Averaging Date is a Disrupted Day, the Fixing Level applicable for such Strike Date or Averaging Date (as the case may be) shall be deemed to be the level of such Underlying Currency as determined by the Calculation Agent in good faith and a commercially reasonable manner as of such date.
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Related to Fixing Level

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) ▇▇▇▇▇’▇ is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.75 to 1.00 but greater than or equal to 3.25 to 1.00.