Closing Date Exchange Rate definition

Closing Date Exchange Rate means the Euro to US dollar spot exchange rate as quoted in the London edition of the Financial Times on the Closing Date.

Closing Date Exchange Rate means the Euro to US dollar spot exchange rate as converted by the Holder’s Custodian on the date funds are transferred into escrow.

Closing Date Exchange Rate means the Euro to US dollar spot exchange rate as quoted in the London edition of the Financial Times on the applicable Closing Date.

Examples of Closing Date Exchange Rate in a sentence

• By way of example, if the number of Loan Shares to be issued in respect of a particular Loan Notice would, but for this Clause 9.1, be 1,000 and if the Closing Date Exchange Rate is 1.50 and the relevant Loan Notice Date Exchange Rate is 1.45, then 1,035 Loan Shares will be issued in relation to that Loan Notice.

• By way of example, if the amount of cash required to repay all amounts due pursuant to Clause 6.4.1 would, but for this Clause 9.2, be £1,000 and if the Closing Date Exchange Rate is 1.50 and the relevant Cash Payment Notice Date Exchange Rate is 1.45 then the amount of cash from the Cash Payment required to repay all amounts due pursuant to Clause 6.4.1 will be £1,034.48.

• The amount of the Net Working Capital Adjustment shall be converted into United States Dollars at the Closing Date Exchange Rate for purposes of adjustment to the Purchase Price.

• By way of example, if the amount of cash to be paid pursuant to Clause 8.5(a) would, but for this Clause 11.3, be US$1,000 and if the Closing Date Exchange Rate is 1.80 and the relevant Reduction Notice Date Exchange Rate is 1.75 then the amount of cash to be paid pursuant to Clause 8.5(a)in respect of that Reduction Notice will be US$1,028.57.

• By way of example, if the amount of cash required to repay all amounts due pursuant to Clause 6.3(a) would, but for this Clause 9.2, be £1,000 and if the Closing Date Exchange Rate is 1.50 and the relevant Voluntary Cash Payment Notice Date Exchange Rate is 1.45 then the amount of cash from the Voluntary Cash Payment required to repay all amounts due pursuant to Clause 6.3(a) will be £1,034.48.

More Definitions of Closing Date Exchange Rate

Closing Date Exchange Rate means the Euro to US dollar spot exchange rate as determined by the Holder’s custodian bank on the date of funds transfer to the Escrow Agent’s account .

Closing Date Exchange Rate means UK pounds sterling to the Euro spot exchange rate as reported in the Financial Times on the Closing Date

Closing Date Exchange Rate means the rate at which $1 is exchangeable for C$1, quoted as the mid-point price by Bloomberg, as of the close of business in Toronto and New York on the Closing Date.

Closing Date Exchange Rate means the rate of exchange of British pounds into U.S. dollars reported in The Wall Street Journal on the Business Day immediately prior to the date on which Seller delivers the Estimated Adjustment Statement to Buyer.

Closing Date Exchange Rate. , as to each Closing Date, means the Euro to US dollar spot exchange rate as quoted in the London edition of the Financial Times on such Closing Date.

Closing Date Exchange Rate in the Framework Agreement is amended to read “Business Risk Sharing Date Exchange Rate”.

Closing Date Exchange Rate. $1.00 equals C$1.39310. --------------------------