Applicable Currency Exchange Rate definition

Applicable Currency Exchange Rate means, as of any date of determination and as the context may require, the telegraphic transfer mean rate of exchange (net of all fees and commissions) then applicable to: (a) the conversion of Dollars to Yen or (b) the conversion of Yen to Dollars, as the context may require. The applicable rate of exchange shall be the spot mid rate or the TTM rate at 10:00 a.m. in Tokyo indicated on Xxxxxx’x page TKFF on the relevant date (or, if no such quotations shall be available on such date, on the date closest to such date). For the avoidance of doubt, this rate will apply only for the notional currency conversions expressly provided for herein.
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Applicable Currency Exchange Rate means, as of any date of determination, with regard to the conversion of Dollars to Singapore Dollars or Singapore Dollars to Dollars, as the context may require, the average of the “high” and “low” rates of exchange published by the Federal Reserve Bank of New York and quoted as the “noontime buying rate” on such date or, if such rate is unavailable, the interbank rate of exchange available as of the date hereof at hxxx://xxx.xxxxx.xxx/xxxxxxx/classic.
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Applicable Currency Exchange Rate means, as of any date of determination, the rate of exchange (net of all fees and commissions) then applicable to (i) the conversion of Dollars to Pesos or, (ii) the conversion of Pesos to Dollars, as the context may require. The applicable rate of exchange shall be the most favorable rate quoted by the Intercreditor Agent at 11:00 a.m. (Mexico City time) on the applicable date of determination (or, if no such quotations shall be available on such date, on the date closest to such date of determination).
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Examples of Applicable Currency Exchange Rate in a sentence

  • For the avoidance of doubt, it is understood that the exchange rate used for this purpose may be less favorable to the Borrower than the definition of the Applicable Currency Exchange Rate.

  • For the avoidance of doubt, it is understood that the exchange rate used for this purpose may be less favorable to Guarantor than the definition of the Applicable Currency Exchange Rate.

  • For the avoidance of doubt, it is understood that the exchange rate used for this purpose may be less favorable to the Guarantor than the definition of the Applicable Currency Exchange Rate.


More Definitions of Applicable Currency Exchange Rate

Applicable Currency Exchange Rate means, for any given day, (a) with respect to any Loans made hereunder pursuant to a Borrowing Request issued on any OPA Auction Date for purposes of calculating the portion of the Lenders’ US Dollar Portions utilized by such Loans or otherwise for purposes of determining the Reais equivalent of any such Loans under the provisions of this Agreement, the OPA FX Rate, (b) with respect to any other Loans made hereunder (other than Loans described in clause (a) of this definition) for purposes of calculating the portion of Lenders’ US Dollar Portions utilized by such Loans or otherwise for purposes of determining the Reais equivalent of any such Loans under the provisions of this Agreement, the rate specified in the relevant FX Contracts relating to such Borrowing, (c) for purposes of determining the Dollar Equivalent of an amount denominated in Reais required to be used to make a mandatory prepayment of Loans hereunder, the actual amount of Dollars that the Borrower obtains from the foreign exchange contracts entered into by the Borrower (such foreign exchange contracts to be entered into no later than the day upon which Borrower informs the Central Bank of the proposed prepayment) to convert such Reais into Dollars for purpose of making the required prepayment under this Agreement and (d) for purposes of any other calculation hereunder (unless otherwise specified herein), the Central Bank PTAX Rate at the close of business in Brazil on the Business Day immediately preceding such date of calculation.
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Related to Applicable Currency Exchange Rate

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • 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.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.