Examples of Representative Market Rate in a sentence
The interest will be calculated and paid in Colombian pesos using the average Representative Market Rate of the Days in which the late payment interest accrues.
The payments will be made in Colombian pesos using the arithmetic average of the Representative Market Rate certified by the Financial Superintendence or the entity that takes its place, of the days of the month that corresponds to the Service invoice.
The amount payable will be determined based on the Service Fee certified in dollars and it will be calculated using the official Representative Market Rate (TRM) certified by the Financial Superintendence of the first day of the month of provision of the Services.
The payments will be made in Colombian pesos using the arithmetic average of the Representative Market Rate certified by the Financial Superintendence or the entity that takes its place, of the first day of the month that corresponds to the Service invoice.
For purposes of payments in pesos for Services for which the Fee is set solely in US dollars and are invoiced in US dollars, the payment amount shall be determined based on the Rate for the corresponding service in dollars and it shall be settled at the Representative Market Rate (RMR) officially certified by the Financial Superintendency for the date of issuance of the corresponding invoice.