Applicable Rate of Exchange definition

Applicable Rate of Exchange means - i) in case a forward exchange contract /swap has not been booked by the Company with ICICI Bank, the applicable foreign currency xxxx selling rate of ICICI Bank prevailing on the Date of Crystalisation. Provided however, that if the relevant rate of exchange not quoted or not available for any reason on such days, then the rate prevailing on the immediately next Business Day when such rate shall be quoted or be available shall be the applicable rate of exchange; ii) the forward exchange contract /swap rate in case a forward exchange contract /swap has been booked by the Company with ICICI Bank.
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Applicable Rate of Exchange means, with respect to a particular transaction, the applicable rate of exchange as determined in Bank’s discretion. The applicable rate of exchange may be inclusive of mark-up. Mark-up is the spread that may be included as part of the rate in order to compensate Bank for a number of considerations, which might include risks taken, costs incurred, and services rendered, as well as the amount of revenue it expects to earn on the transaction. Bank may consider various pricing factors in determining mark-up, including the nature of the specific transaction, and those associated with the broader customer relationship, as well as any relevant operating costs.
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Applicable Rate of Exchange means the spot exchange rate for the applicable currency pair in effect at the time of execution. The Trustee’s spot exchange rate is intended to reasonably relate to prevailing buy and sell rates, as applicable, available in the interbank foreign exchange market, and such rate, in respect of a particular transaction, may be based upon proprietary algorithms, using input from a variety of sources, and in consideration of data from actual transactions, current prices, market volatility, liquidity availability and price delivery convention. Neither the Trustee nor any paying agent shall have any liability for this rate or for any fluctuations in such rate or the underlying quotations or prices establishing such rate.
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Examples of Applicable Rate of Exchange in a sentence

  • In connection with such conversion (or any other currency conversion in connection with the payment of any Note), the Company shall deliver funds in Canadian Dollars in respect of such conversion to the Trustee or paying agent by 11:00 AM (New York City time) on the day that is one (1) Business Day prior to any such payment, and the Trustee or such paying agent shall convert such currency at the Applicable Rate of Exchange.


More Definitions of Applicable Rate of Exchange

Applicable Rate of Exchange means, in respect of the conversion of one currency (the "First Currency") into another currency (the "Second Currency"), the applicable rate of exchange displayed on the appropriate page of the Reuters screen (calculated as the arithmetic mean of quotes by European contributors) for the purchase of the Second Currency with the First Currency in the Frankfurt am Main foreign exchange market at or about 11:00 am (German time) on a particular day, which shall be notified by the Security Agent in accordance with paragraph (e) of Clause 16.7 (Duties of the Security Agent). If the agreed page is replaced or service ceases to be available, the Security Agent may specify another page or service displaying the appropriate rate after consultation with the Company and the Primary Creditors.
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Applicable Rate of Exchange means a fair market rate at which the relevant Finance Party is able, as soon as reasonably practicable after receipt, to purchase the contractual currency with the payment currency, taking into account any costs associated with the exchange.
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Related to Applicable Rate of Exchange

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • spot rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, the relevant currency.

  • Agent’s Spot Rate of Exchange means the Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • rate(s) of exchange means the rate of exchange quoted by Reuters at 10:00 a.m. (New York time) for spot purchases of the Base Currency with the Judgment Currency other than the Base Currency referred to in subsections (b)(1) and (b)(2) above and includes any premiums and costs of exchange payable.

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Applicable Rate means a percentage per annum equal to:

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

  • Exchange Rate Officer s Certificate” means a certificate setting forth (i) the applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate or the applicable bid quotation signed by the Chief Financial Officer or any Vice President of the Company.

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Notice of Exchange means the Notice of Exchange substantially in the form of Exhibit B to this Agreement.

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Applicable Reference Rate means, collectively or individually, Term SOFR, Daily Compounded XXXXX, XXXXX or the EURIBOR Rate.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

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

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

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

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.