Underlying Value definition

Underlying Value means, with respect to a Range Accrual Day, as applicable the rate of the Underlying on that Range Accrual Day as determined by the Calculation Agent. For the avoidance of doubt, the Underlying Value may have a positive value, negative value or may be equal to zero (0).

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Underlying Value means, with respect to any particular Index Future, at the time of valuation, the product of (i) the exchange reported closing price for the day such valuation is calculated (or, if such exchange reported closing price is not available (due to an intra-day valuation or otherwise), the current bid price) of such Index Future as quoted on the applicable exchange; and (ii) the applicable multiplier (as defined by the exchange on which such Index Future is listed) for such Index Future.

Underlying Value means the value of the Underlying determined by the Calculation Agent during the relevant period or date specified in the relevant Final Terms, which may be equal to:

Examples of Underlying Value in a sentence

At no time shall the Initial Deposit be included in the calculation of the Per Share Underlying Value of the Up-MACRO Tradeable Shares or any other calculation performed at any time pursuant to Article 4 or Article 8 of this Trust Agreement.
The trustee will not enter into any amendment or modification which would alter the status of the Down MACRO Tradeable Trust as a grantor trust for federal income tax purposes or cause any of the MACRO Trusts to be required to register as an investment company under the Investment Company Act of 1940, as amended, or to be regulated as a commodity pool under the Commodity Exchange Act, as amended, or which would change the calculation of the Underlying Value.
At no time shall the Initial Deposit be included in the calculation of the Per Share Underlying Value of the Down-MACRO Tradeable Shares or any other calculation performed at any time pursuant to ARTICLE 4 or ARTICLE 8 of this Trust Agreement.
If rejected, such Redemption Order may be resubmitted by the applicable Authorized Participant, if it so desires, on any subsequent Business Day at the applicable Per Share Underlying Value as of the Redemption Valuation Date related to the relevant Redemption Date.
If no such license is successfully negotiated with NYMEX, the Administrative Agent and the Depositor shall seek to identify an alternate source of NYMEX settlement prices and to arrange to obtain such settlement prices from such source for the purpose of calculating Up and Down Underlying Value and Quarterly and Final Distributions.

More Definitions of Underlying Value

Underlying Value means, in respect of a Bond in the principal amount of U.S.$1,000, an amount calculated as follows:

Underlying Value means the Index Level of the Index as of the Valuation Time.

Underlying Value means the price a third-party who is active in the Energy market would transact (sell or purchase as applicable) for Energy and related services in a commercially reasonable manner.

Underlying Value means with respect to each Range Accrual Day, a value equal to EUR CMS20Y minus EUR CMS10Y.

Underlying Value means an amount (which shall be deemed to be a monetary value in the Settlement Currency) equal to the price of the Underlying as calculated and published once a day by the Index Calculator on every Business Day on Bloomberg page LLBZIS Index or (if, in the determination of the Calculation Agent, no such price can be determined and no Market Disruption Event has occurred and is continuing) an amount determined by the Calculation Agent as its good faith estimate of the value of the Underlying on such date having regard to the then prevailing market conditions, the last reported trading prices of the Underlying Reference Assets and such other factors as the Calculation Agent determines relevant;

Underlying Value. ’ means an amount in Russian Roubles or U.S. Dollars, as the case may be, received by or on behalf of the Issuer upon the early redemption of the Underlying Loan or, as the case may be, the net realised proceeds upon the sale, novation, assignment or transfer of the Participating Interest in the Underlying Loan.

Underlying Value means an amount, as determined by the Calculation Agent on each Trading Day in accordance with the following formula:

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