Applicable Spot Rate definition

Applicable Spot Rate means the spot rate for any Euros, as calculated by the Borrower and delivered pursuant to Clause 5.1(c) by referencing the last available Euros to Dollars exchange rate quoted on Bloomberg page “€ Currency HP” or its successor page.

Applicable Spot Rate means the prevailing spot exchange rate, expressed as the amount of Specified Currency for one Settlement Currency, executed by the Selected Conversion Entity on the FX Valuation Date for settlement on the FX Settlement Date.

Applicable Spot Rate means, as applicable:

Examples of Applicable Spot Rate in a sentence

• With respect to any amount denominated in Canadian Dollars computed at any time, the equivalent amount thereof in U.S. Dollars as determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the basis of the Applicable Spot Rate (determined in respect of the most recent Revaluation Date).

• The Calculation Agent shall deliver an Adjustment Notice including the details of each such Instalment Amount and any such adjustments to the Outstanding Aggregate Nominal Amount to the Custodian and the Issuing and Paying Agent pursuant to paragraph 2.9 above.‌ 3.2 Settlement‌ (a) All payments under the Notes shall be made in the Settlement Currency by converting amounts received by or on behalf of the Issuer in the Specified Currency into the Settlement Currency at the Applicable Spot Rate.

• In all circumstances after an Event of Default, all payments and all proceeds of Collateral shall be applied to amounts then due and payable in the following order: (1) to Fees and Agent’s expenses reimbursable hereunder; (2) to interest on the Loans, ratably in proportion to the interest accrued as to each Loan; and (3) to all other Obligations hereunder on a ratable basis, including expenses of Lenders to the extent reimbursable under Section 12.3.

• If a Vendor Transfer Restriction Event occurs that prevents the Vendor from transferring relevant Eligible T-Bills to the Issuer in accordance with the FX Conversion Procedure, then the Vendor or the FX Conversion Agent, as applicable, shall instruct the Custodian to determine the Applicable Spot Rate.

• If a Transfer Restriction Event that is neither an Issuer Transfer Restriction Event nor a Vendor Transfer Restriction Event occurs, then the Vendor, FX Conversion Agent or Disposal Agent, as applicable, shall instruct the Custodian to determine the Applicable Spot Rate.

More Definitions of Applicable Spot Rate

Applicable Spot Rate means, with respect to any non-U.S. currency, the exchange rate published in The Financial Times on the date hereof as the mid-point closing U.S. dollar exchange rate with respect to such currency for the most recent prior Business Day.

Applicable Spot Rate means, with respect to the conversion of one currency into another currency, the spot rate of exchange for such conversion as quoted by Reuters at the close of business on the date of the Adjustment Time, if no such rate is quoted that day, on the last prior day for which such rate is quoted.

Applicable Spot Rate means, in respect of any Tranche Period, the rate of exchange of dollars required to purchase one pound at the rate of exchange specified as applicable on the first day of such Tranche Period in the relevant Spot Contract.

Applicable Spot Rate means, with respect to any non-US. currency, the exchange rate published in the Wall Street Journal based on the five (5) Business Day period ending three (3) Business Days prior to the Closing Date.

Applicable Spot Rate on any date, with respect to any amount denominated in an Alternative Currency, the amount of Dollars into which such amount may be converted at the spot rate at which Dollars are offered to the Tranche A Issuing Lender in New York, New York for the Alternative Currency in which such amount is denominated at approximately 11:00 a.m. (New York time) on such day or if such day is not a Business Day, on the immediately preceding Business Day, and as determined as provided in the definition of “Dollar Equivalent”.

Applicable Spot Rate means the Tokyo spot rate in effect the date five (5) Business Days prior to the date hereof for the Yen equivalent of the local currency as applicable.

Applicable Spot Rate means, with respect to the conversion of one currency into another currency as of any date, the average of the closing spot rate of exchange for such conversion as quoted by Reuters as of 11:59 p.m. New York City time for the five (5) Business Day period ending on the Business Day immediately preceding such date.