Average Representative Market Rate definition

Average Representative Market Rate means the arithmetic mean of the Representative Market Rates for the last five FX Business Days immediately before (and including) the applicable Rate Calculation Date. In the event that the Calculation Agent is unable to make this calculation due to the unavailability of Representative Market Rates necessary for the calculation, then the Calculation Agent shall take the arithmetic mean of the NBK Rate for the last five days that such NBK Rate was published.
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Average Representative Market Rate means, for any Rate Calculation Date, the average of the Representative Market Rate for each Business Day in the five Business Day period ending on such Rate Calculation Date.
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Average Representative Market Rate means, for any Rate Calculation Date, the average of the Representative Market Rates for each Business Day in the tenth Business Day period ending on that Rate Calculation Date.
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Examples of Average Representative Market Rate in a sentence

  • Amounts of interest and principal due in respect of the Notes will be calculated by the Calculation Agent for payment in U.S. Dollars by dividing the relevant Tenge amounts by the Average Representative Market Rate on the applicable Rate Calculation Date.

  • The Calculation Agent will, on each Rate Calculation Date, notify the Issuer, the Trustee and the Paying Agents of the amounts of interest and principal (stated in both Tenge and U.S. Dollars) payable on any Interest Payment Date, the Maturity Date or any other date on which principal or interest becomes payable under these Conditions, as applicable, as well as the applicable Average Representative Market Rate.

  • Conversion of Payment AmountsAll amounts of interest, principal and other amounts in respect of the Notes will be calculated by the Calculation Agent (as defined in the Conditions) for payment in U.S. Dollars by dividing the relevant Tenge amounts by the Average Representative Market Rate on the applicable Rate Calculation Date (each as defined in the Conditions).

  • Conversion of Payment AmountsAll amounts of interest, principal and other amounts in respectof the Notes will be calculated by the Calculation Agent (as defined in the Conditions) for payment in U.S. Dollars by dividing the relevant Tenge amounts by the Average Representative Market Rate on the applicable Rate Calculation Date (each as defined in the Conditions).

  • The Calculation Agent will cause the amounts of interest, the amounts of principal, the Average Representative Market Rate and any other amount required hereunder for each Interest Period and the relevant Interest Payment Date or the Maturity Date, as the case may be, to be provided to the Republic, the Fiscal Agent, and, as long as the Notes are listed on the Luxembourg Stock Exchange, the Luxembourg Paying Agent in the manner contemplated in the Fiscal Agency Agreement.

  • Conversion of Payment AmountsAll amounts of interest, principal and other amounts in respect ofthe Notes will be calculated by the Calculation Agent (as defined in the Conditions) for payment in U.S. Dollars by dividing the relevant Tenge amounts by the Average Representative Market Rate on the applicable Rate Calculation Date (each as defined in the Conditions).

  • The Calculation Agent will, on each Rate Calculation Date, notify the Issuer and the Paying Agents of the amounts of interest and principal (stated in both Soum and U.S. Dollars) payable on any Interest Payment Date, the Maturity Date or any other date on which principal or interest becomes payable under these Conditions, as applicable, as well as the applicable Average Representative Market Rate.

  • Conversion of Payment Amounts We will pay all amounts in respect of the principal of and interest on thenotes and any additional amounts in US dollars, as calculated by the Calculation Agent by converting the Colombian pesos amounts due into US Dollars at the Average Representative Market Rate on the applicable Rate Calculation Date.

  • The principal of and interest on the notes and any additionalamounts, including without limitation any payment upon redemption of the notes or payment to purchase the notes upon a Change of Control Triggering Event will be payable in U.S. dollars, as calculated by the calculation agent by translating the soles amount into U.S. dollars at the Average Representative Market Rate (as defined herein) on the applicable FX Determination Date (as defined herein).

  • The Calculation Agent will cause the amounts of principal, the Average Representative Market Rate and any other amount required hereunder for Maturity Date to be provided to the Republic, the Fiscal Agent, and as long as the Notes are listed on the Luxembourg Stock Exchange, the Luxembourg Paying Agent in the manner contemplated in the Fiscal Agency Agreement.


More Definitions of Average Representative Market Rate

Average Representative Market Rate means, for any FX Determination Date, the average of the Representative Market Rates for each business day in the five Business Day period ending on such FX Determination Date.
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Related to Average Representative Market Rate

  • Quotation Date means, in relation to any Interest Period (or any other period for which an interest rate is to be determined under any provision of a Finance Document), the day on which quotations would ordinarily be given by leading banks in the London Interbank Market for deposits in the currency in relation to which such rate is to be determined for delivery on the first day of that Interest Period or other period;

  • Average Market Value is the average of the closing sale prices of the Common Stock during the thirty (30) day period immediately preceding the date before the redemption date on the Composite Tape for New York Stock Exchange Listed Stocks, or, if such stock is not quoted on the Composite Tape, on the New York Stock Exchange, or, if such stock is not listed on such Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which such stock is listed, or, if such stock is not listed on any such exchange, the average of the closing sale prices with respect to a share of Common Stock during such thirty (30) day period, as quoted on the National Association of Securities Dealers, Inc. Automated Quotations System or any system then in use, or if no such quotations are available, the fair market value of the Common Stock as determined by the Board of Directors in good faith.

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.

  • Reference Dealers means leading dealers, banks or banking corporations, which deal in the TRY/USD exchange market, selected by the Calculation Agent in its sole discretion, acting in good faith and in a commercially reasonable manner;

  • Engineer-in-charge representative means any officer of the Authority nominated by the Engineer-in-charge for day to day supervision, checking, taking measurement, checking bills, ensuring quality control, inspecting works and other related works for completion of the project.

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.

  • Reference Dealer Rate means with respect to the Reference Dealer and any redemption date, the price, expressed as a percentage (rounded to three decimal places, 0.0005 being rounded upwards), at which the gross redemption yield (as calculated by the Reference Dealer) on this Security, if they were to be purchased at such price on the third Business Day prior to the date fixed for redemption, would be equal to the gross redemption yield on such Business Day of the Reference Bond on the basis of the middle market price of the Reference Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by the Reference Dealer.

  • Reference Dealer means a dealer engaged in trading of convertible securities.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Representative Amount means an amount that is representative for a single transaction in the relevant market at the relevant time.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • Term SOFR Screen Rate means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.