BRL PTAX definition

BRL PTAX or "BRL09" each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days reported by the Banco Central do Brasil on SISBACEN Data System under transaction code PTAX-800 ("Consulta de Cambio" or Exchange Rate Inquiry), Option 5 ("Cotacoes para Contabilidade" or Rates for Accounting Purposes) at approximately 8:30 p.m., São Paulo time, on that Rate Calculation Date.
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BRL PTAX means, for any Valuation Date, the Real/Dollar offered rate for Dollars, expressed as the amount of Reais per one Dollar, for settlement in two (2) Local Business Days, reported by the Central Bank on its website (taxas e cotações) by approximately 1:00 p.m., São Paulo time (or as such reporting is modified from time to time by the Central Bank), on such Valuation Date;
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BRL PTAX or “BRL09” each means that the Spot Rate for a Rate Calculation Date will be the Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days reported by the Banco Central do Brasil on SISBACEN Data System under transaction code PTAX-800 (“Consulta de
Sample 1

Examples of BRL PTAX in a sentence

  • Disruption Events and Fallbacks: Disruption Events: Price Source Disruption: Applicable Price Materiality: Applicable Primary Rate: BRL PTAX (BRL09) Secondary Rate: EMTA BRL Industry Survey Rate (BRLI2), or EMTA BRL Indicative Survey Rate (BRL 13), as the case may be.

  • All payments hereunder shall be made in the Settlement Currency.J.P.Morgan Settlement Rate Option: BRL PTAX (BRL09)Reference Currency: BRLSettlement Currency: USDValuation Date: In respect of each Payment Dale, the date (the “Scheduled Valuation Date”) that is two Business Days prior to such Payment Date; provided however, that in the event of an Unscheduled Holiday, subject to adjustment in accordance with the Following Business Day Convention.

  • Reference Currency: BRL Settlement Currency: USD Settlement Rate Option: BRL PTAX (BRL09) Valuation Date: Two Business Days prior to each Fixed Rate II Payment Date (each a “Scheduled Valuation Date”), subject to adjustment in accordance with the Preceding Business Day Convention; provided, however, that the adjustment shall be made in accordance with the Following Business Day Convention in the event of an Unscheduled Holiday.


More Definitions of BRL PTAX

BRL PTAX or “BRL09” each means that the Spot Rate for a Rate Calculation Date will be the closing Brazilian Real/U.S. Dollar offered rate for U.S. Dollars, expressed as the amount of Brazilian Reais per one U.S. Dollar, for settlement in two Business Days, reported by the Banco Central do Brasil (www.bcb.gov.br; see “Cotações e boletins”) by approximately 1:15 p.m., São Paulo time, on that Rate Calculation Date.
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BRL PTAX or “BRL09” means that the spot rate for a FX Fixing Date will be the BRL/US$ offered rate for US$, expressed as the amount of BRL per one US$, for settlement in two FX Business Days reported by the Banco Central do Brasil on its website by approximately 1:15 p.m., São Paulo time, on that FX Fixing Date. If an Exchange Rate Divergence Disruption Event has occurred at or before the FX Fixing Date, the Bank shall determine the BRL/U.S. Dollar offered rate for US$ in good faith and in commercially reasonable manner (which shall include, for avoidance of doubt, any effects from xxxxxx the Bank has to unwind, amend, adjust or re-contract), where:
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Related to BRL PTAX

  • VAT means value added tax in accordance with the provisions of the Value Added Tax Act 1994.

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • valued added tax means value added tax charged in accordance with the Value Added Tax Act 1994.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • GST means Goods and Services Tax charged on the supply of material(s) and services. The term “GST” shall be construed to include the Integrated Goods and Services Tax (hereinafter referred to as “IGST”) or Central Goods and Services Tax (hereinafter referred to as “CGST”) or State Goods and Services Tax (hereinafter referred to as “SGST”) or Union Territory Goods and Services Tax (hereinafter referred to as “UTGST”) depending upon the import / interstate or intrastate supplies, as the case may be. It shall also mean GST compensation Cess, if applicable.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Transfer Tax means any transfer, recording, registration and other fees and any similar taxes that become payable in connection with the Transactions (together with any related interest, penalties or additions to such taxes).