Index Modification definition

Index Modification means in respect of an Index, the Index Sponsor announces that it shall make a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain that Index in the event of changes in constituent stock and capitalisation and other routine events).
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Index Modification means the Index Sponsor announces that it will make a change in the formula for or the method of calculating the Index which the Calculation Agent determines is material or, in the determination of the Calculation Agent, in any other way materially modifies the Index (other than a modification prescribed in that formula or method to maintain the Index in the event of changes in its constituents and other routine events);
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Index Modification means, in respect of an Index, the relevant Index Sponsor announces that it will make (in the opinion of the Issuer) a material change in the formula for or the method of calculating such Index or in any other way materially modifies such Index (other than a modification prescribed in that formula or method to maintain such Index in the event of changes in constituent securities and capitalisation and other routine events).
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Examples of Index Modification in a sentence

  • The Calculation Agent has broad discretion to make certain determinations and adjustments, to replace the original Reference Asset with another and/or to cause early redemption or termination of the Securities in connection with Index Modification, Index Cancellation and Index Disruption, any of which may be adverse to Holders.

  • Following the occurrence of any Index Modification the Calculation Agent shall apply Related Exchange Adjustment, unless no option or futures contracts on the Index are traded on the Related Exchange when the Index Adjustment Event occurs, in which case Cancellation and Payment (Calculation Agent Determination) applies.

  • Index Disruption: Calculation Agent Adjustment Determining Party: [Party A] [Party A and Party B]12 Calculation Agent Adjustment: For the purposes of an Index Disruption or Index Modification, Section 11.1(b) of the Equity Definitions shall be amended by replacing references to "Valuation Date" with "Observation Day or the Observation Start Date (as applicable)” and adding "Pt, Initial Index Level,", after the words "calculate the relevant" on the 4th line of subsection (A).

  • The official closing level of the Index at the Valuation Time on the Valuation Date Asset 2 Settlement Price: The Swap Rate on the Valuation Date Index Cancellation: Cancellation Determination) and Payment (Calculation Agent Index Modification: Cancellation Determination) and Payment (Calculation Agent Index Disruption: Calculation Agent Adjustment; provided that if an Index Disruption occurs on a day that is also a Disrupted Day, Consequences of Disrupted Days shall apply.

  • Index Modification: Related Exchange Adjustment, unless no Exchange-traded Contract is traded on the Related Exchange as of the date of such Index Adjustment Event, in which case Cancellation and Payment applies.


More Definitions of Index Modification

Index Modification means, in respect of an Index, that on or prior to any Valuation Date a relevant Sponsor announces that it will make (in the opinion of the Calculation Agent) a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain the Index in the event of changes in constituent securities and capitalisation and other routine events).
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Index Modification means, in respect of an Index, the relevant Sponsor or Successor Sponsor, if applicable, on or prior to any Reference Date, Averaging Reference Date, Observation Date or other relevant date, makes or announces that it will make a material change in the formula for, or the method of, calculating such Index, or in any other way materially modifies such Index (other than a modification prescribed in that formula or method to maintain such Index in the event of changes in the Components, capitalisation and/or other routine events).
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Index Modification means the Index Sponsor announces that it will make (in the opinion of the Issuer) a material change in the formula for or the method of calculating the Index or in any other way materially modifies the Index.
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Index Modification means any material modification of the Consumer Price Index other than a modification prescribed in the relevant documentation of the Consumer Price Index prepared and published by the Index Sponsor not later than the Issue Date.
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Index Modification means, in respect of the Base Index, the Base Index Index Sponsor makes or announces that it will make a material change in the formula for or the method of calculating the Base Index or in any other way materially modifies the Base Index (other than a modification prescribed in that formula or method to maintain the Base Index in the event of changes in the constituent contracts or commodities and other routine events).
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Index Modification means in respect of an Index, the Index Sponsor announces that it shall make a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or
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Index Modification means any modification of the Consumer Price Index by the Index Sponsor that
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