Applicable Exchange Rate means with respect to any Collateral Obligation denominated and payable in an Eligible Currency other than Dollars on any day, the lesser of (a) the applicable currency-Dollar spot rate used by the Borrower (as determined by the Servicer) to acquire such currency on the related Cut-Off Date and (b) the Applicable Conversion Rate for such currency.

Applicable Exchange Rate means, in relation to any proposed Distributions by the Corporation and P&O Princess in relation to which a foreign exchange rate is required, the average of the closing mid-point spot US dollar-sterling exchange rate on the five Business Days ending on the Business Day before the Distribution Determination Date relating to such Distributions (as shown in the London edition of the Financial Times, or such other point of reference as the parties shall agree), or such other spot US dollar-sterling exchange rate or average US dollar-sterling exchange rate as at such other date (or over such other period) before a Distribution Determination Date as the Board of Directors and the P&O Princess Board shall agree, in each case rounded to five decimal places.

Applicable Exchange Rate means, as of any Trading Day, the Exchange Rate in effect on such date, after giving effect to any adjustment provided under Sections 4.03 and 4.04.

Examples of Applicable Exchange Rate in a sentence

The Applicable Exchange Rate is listed in the Account Centre and will apply whenever: (a) you make a load into a Preferred Load Wallet that is not your Home Currency Wallet, (b) you actively make a transfer between Currency Wallets, (c) the system makes an Auto Wallet Transfer between Wallet Currencies because you do not have sufficient funds in the Wallet Currency of transaction, or (d) you make a transaction in an Non-Wallet Currency.
Each time funds are transferred from one Currency Wallet to another, an Auto Wallet Transfer will occur and the exchange rate used will be the Applicable Exchange Rate plus the Currency Conversion Fee.
Each time funds are transferred from one Currency Wallet to another, an Auto Wallet Transfer will occur and the Applicable Exchange Rate plus the Currency Conversion Fee will apply.
The Applicable Exchange Rate is listed in the Account Centre and will apply whenever: (a) you make a load into a Preferred Load Wallet that is not your Home Currency Wallet, (b) you actively make a transfer between Currency Wallets, (b) the system makes an Auto Wallet Transfer between Wallet Currencies, or (c) you make a transaction in an Non-Wallet Currency.
The Account Centre, which you can access via Website and Mobile App, will display an Applicable Exchange Rate quote prior to initiating the funds transfer between your Currency Wallets.

More Definitions of Applicable Exchange Rate

Applicable Exchange Rate means the Exchange Rate in effect at any given time.

Applicable Exchange Rate means the exchange rate as determined by the Calculation Agent by reference to such sources as it may, in its absolute discretion, select.

Applicable Exchange Rate means the reference exchange rate for the conversion of the Reference Currency into the Settlement Currency (or the effective rate resulting from the application of rates into and out of one or more Intermediate Currencies) as the Calculation Agent may determine to be the prevailing spot rate for such exchange on the relevant day.

Applicable Exchange Rate means the exchange rate price provided by the Exchange used by the Company on the day around the time of receiving the USDC or USDT. The Company will use its reasonable best efforts to determine the price for that day.

Applicable Exchange Rate means, with respect to any Contract denominated and payable in Euros or GBPs on any day, the lesser of (a) the applicable currency Dollar spot rate used by the Borrower (as determined by the Collateral Manager) to acquire such currency on the date such Contract is included in the Borrower Collateral and (b) the Applicable Conversion Rate for such currency.

Applicable Exchange Rate means, as of any date of determination, the exchange rate as published by Bloomberg (BGN New York).