Average Exchange Rate definition

Average Exchange Rate means the 12 month average of the month end exchange rates as referenced to Reuters.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Average Exchange Rate has the meaning set forth in Section 1.2(b). Borrower shall have the meaning set forth in the Preamble.

Average Exchange Rate shall be the average of the official exchange rate in force in that country for financial transactions on the first and last Business Day of the calendar month for which the payments are being paid. If there is no such official exchange rate, the conversion shall be made at the rate for such remittances on the date as published in the United States edition of The Wall Street Journal.

Examples of Average Exchange Rate in a sentence

• Such standard conversion methodology shall be based upon the Monthly Average Exchange Rate.

• The Revenue-Based Payment (A) is payable solely upon the aggregate Net Sales and Royalties in a Fiscal Year, and will not be calculated on a cumulative, year-over-year basis and (B) shall be calculated using the Average Exchange Rate applicable to such period being measured as described in this Section 2.9.1(a).

• For the purposes of determining whether the applicable Performance Milestones have been met, the amount of Net Sales in any foreign currency will be computed by converting such amount for the relevant Year into U.S. dollars at the Average Exchange Rate for the Year.

• For example, if the EU Cloud Service Fee identified in Schedule 4.1 is US$89,245, and the Average Exchange Rate calculated based on the Conversion Rate Period of January 1, 2017, to March 31, 2017, is USD 1.00 = EUR 0.90, then the EU Cloud Service Fee each month for the Conversion Rate Period commencing on April 1, 2017, will equal €80,320.50.

• Notwithstanding the foregoing, Adjustments shall be subject to conversion from U.S. Dollars to Euro based on the Average Exchange Rate in effect during the Conversion Rate Period in which the Services giving rise to the Adjustment were performed.

More Definitions of Average Exchange Rate

Average Exchange Rate means the daily average currency exchange rate for the most recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or Section 5.01(b) (or, prior to the first such delivery, such financial statements referred to in Section 4.01(h)), as reasonably determined in good faith by the Borrower based on the Bloomberg Key Cross Currency Rates Page at such time or, if the Borrower is unable to determine the Average Exchange Rate based on the Bloomberg Key Cross Currency Rates Page for any reason, publicly reported currency exchange rate information in consultation with the First Lien Administrative Agent; provided further that, if an amount that is to otherwise be converted using the foregoing methodology has been hedged, swapped or otherwise effectively converted into another currency pursuant to a Swap Agreement to which any Loan Party is a party, the currency exchange rate so utilized for that amount shall be as set forth in such Swap Agreement (copies of which shall be made available to the First Lien Administrative Agent upon request).

Average Exchange Rate means, for any Collaboration Year starting with Collaboration Year [* * *], the average exchange rate of Dollars to NIS, based on rates reported by The Bank of Israel at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇/en/markets/exchangerates/pages/default.aspx or any successor website, for the forty-five (45) days ending on the last day of the second quarter of the preceding Collaboration Year. *** Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

Average Exchange Rate means average exchange rate as discussed in

Average Exchange Rate means the average of the daily foreign exchange rate for the [***], using the daily foreign exchange rate quotations by The Bank of Tokyo-Mitsubishi, Ltd. (the “Bank”) for buying and selling spot U.S. dollars by telegraphic transfer against Japanese yen. For each date on which the Base Rate is to be calculated, Distributor will provide to Manufacturer on such date the Average Exchange Rate for the period of [***], including the daily exchange rate quotations by the Bank used to determine such rate, which rate and quotations must be verifiable by Manufacturer. In the event that the Bank ceases to make this information publicly available, the parties will mutually agree upon another source.

Average Exchange Rate means, as of any date of determination, the average of the Exchange Rate at 5:00 p.m. (New York City time) on each of the preceding 90 days.

Average Exchange Rate means, in relation to a period, for a specified currency, the average (rounded to 4 decimal places) of the BFIX Rate for the specified currency for each day of the period in respect of which either:

Average Exchange Rate means the 30-day average of the exchange rate, as quoted by Reuters, between the currency of the Company’s obligations to the Subordinated Creditor and the dollar;