Applicable Exchange Rate definition

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 as of any Trading Day, means the Exchange Rate in effect on such date, after giving effect to any adjustment provided for in Section 13.05 or Section 13.11.

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, (b) the system makes an Auto Wallet Transfer between Wallet Currencies, or (c) you make a transaction in an Non-Wallet Currency.
The amounts of any such pro rata apportionments shall be determined by the Directors as they think fit in all respects including as to any Applicable Exchange Rate applied by them for the purposes of converting any amount denominated in one currency into another currency for such determination.
In the case of payment in USD Coin (“USDC”) or USD Tether (“USDT”), for purposes of this instrument, the value of the Purchase Price shall be deemed in U.S. dollars, whether the Subscriber pays in USDC or USDT, valued at the Applicable Exchange Rate for USDC or USDT.
However, you agree that changes to the Applicable Exchange Rate may be applied immediately and at the rate quoted via the Payment Service at the time of the relevant Transaction.
Applicable Exchange Rate means the Card referenced foreign exchange rate applicable to foreign currency transactions performed with your Travel Wallet Account.

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 as determined by the Calculation Agent by reference to such sources as it may, in its absolute discretion, select.

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

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, with respect to any payment or amount denominated in an Eligible Currency (other than U.S. Dollars) on any date of determination, the foreign currency dollar spot rate that appeared on the Bloomberg screen for the applicable Eligible Currency (A) if such date is a Determination Date, at the end of such date or (B) otherwise, at the end of the immediately preceding Business Day.