Common Exchange Rate definition

Common Exchange Rate means the kind and amount of securities, assets or other property that as of any date are issuable or deliverable upon exchange of a share of Surviving Common Stock. The Common Exchange Rate shall initially be .45 of a share of Silver King Common Stock and shall be subject to adjustment, from time to time, as set forth in Article 3 of this Agreement. In the event that pursuant to Article 3 the Surviving Common Stock becomes exchangeable for more than one class or series of capital stock of Silver King or another Person, the term "Common Exchange Rate," when used with respect to any such class or series, shall mean the number or fraction of shares or other units of such capital stock that as of any date would be issuable upon exchange of a share of Surviving Common Stock.
Sample 1Sample 2Sample 3
Common Exchange Rate means that number of shares of Corporation Common Stock into which a share of Corporation Preferred Stock is then convertible, pursuant to the Articles Supplementary of the Corporation in effect on the date hereof. "Current Market Price" as of any date of determination will be the average of the volume weighted average price per share of the Corporation Common Stock (the "VWAP") on each of the twenty Trading Days (as hereinafter defined), immediately preceding such date as the VWAP for each day is reported by a nationally-recognized market quotation or information service that is selected by the Corporation and approved by a majority in interest of the holders of the Series 1997-A Preferred Units (exclusive of the units held by the Corporation) which approval will not be unreasonably withheld. As used herein, the term "Trading Day" means (A) if the Corporation Common Stock is listed on at least one stock exchange, a day on which there is trading on the principal stock exchange on the Corporation Common Stock is listed, (B) if the Corporation Common Stock is not listed on a stock exchange, but sale prices of the Corporation Common Stock are reported on an automated quotation system a day on which trading is reported on the principal automated quotation system on which sales of the Corporation Common Stock are reported, (C) if the Corporation Common Stock is not listed on a stock exchange and sale prices of the Corporation Common Stock are not reported on an automated quotation system, a day on which quotations are reported by National Quotation Bureau Incorporated, or (D) if the Corporation Common Stock is not so listed and sale prices are not so reported, any day other than a Saturday, a Sunday or a bank holiday in New York, New York.
Sample 1
Common Exchange Rate has the meaning set forth in Section 3.1(d).
Sample 1

Examples of Common Exchange Rate in a sentence

  • The one area of growth in income compared to the previous forecast is for additional retained business rates, where due to growth in business occupation in the City substantial additional business rate income is forecast.

  • In the event that a transaction may be viewed as causing this Section 5(d) to be applicable and create a change in the Common Exchange Rate, then the change in the Common Exchange Rate will be applicable and this provision will be applicable.

  • The Common Exchange Rate and the Class B Exchange Rate each shall be subject to adjustment from time to time as provided below in this Section 3.1.

  • For avoidance of doubt, the Common Exchange Rate will require an adjustment to take into account the change in the number of outstanding shares of DPAC Common Stock as will result from the Reverse Split.

  • Each Exchange shall be at the Common Exchange Rate or the Class B Exchange Rate, as applicable, in effect immediately prior to the close of business on the Exchange Date.

  • The Committee has been made aware that Mr. Lorenzen-Strait’s former subordinate at ICE, Ms. Claire Trickler-McNulty, is now the Assistant Director of the Office of Immigration Program Evaluation.

  • In addition to the remaining articles to be negotiated, there are a number of outstanding issues to be completed after the completion of the critical studies on the Attainment of a Common Exchange Rate Policy for the EAC; a study on the Harmonised Monetary Policy Framework for the EAC region and the study to review the EAC Macroeconomic Convergence Criteria and the Design of a Surveillance and Enforcement Mechanism.

  • Attached hereto as Exhibit C-1 is an example of the calculation of the Common Exchange Rate.

  • For purposes of this Section 7.3(d), any Preferred Units and Preferred Stock shall be valued at an amount equal to the product of the Common Exchange Rate and the Current Market Price determined as of the date immediately prior to the date on which the payment is made.

  • Shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any Dissenters’ Shares and shares of Company Common Stock to be cancelled in accordance with Section 3.1(b)), shall be converted into and be exchangeable for the right to receive a number of fully paid and non-assessable PTI Ordinary Shares as determined pursuant to the Common Exchange Rate.


More Definitions of Common Exchange Rate

Common Exchange Rate means the kind and amount of securities, assets or other property that as of any date are issuable or deliverable upon exchange of a share of Surviving
Sample 1
Common Exchange Rate means, with respect to each share of Company Common Stock to be converted hereunder, the number of PTI Ordinary Shares, rounded to the nearest whole share, obtained by dividing the Common Stock Value by the Transaction Price. The number of PTI Ordinary Shares to be issued to each holder of Company Common Stock hereunder shall be reduced by such holder’s pro rata share of the Holdback Shares to be withheld pursuant to Section 3.5.
Sample 1

Related to Common Exchange Rate

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S.-Canadian Exchange Rate.

  • Applicable Exchange Rate means with respect to any Collateral Obligation denominated and payable in an Eligible Currency other than Dollars on any day, the lesser of (a) the applicable currency-Dollar spot rate used by the Borrower (as determined by the Servicer) to acquire such currency on the related Cut-Off Date and (b) the Applicable Conversion Rate for such currency.

  • U.S.-Canadian Exchange Rate means, on any date: (i) if on such date the Bank of Canada sets an average noon spot rate of exchange for the conversion of one United States dollar into Canadian dollars, such rate; and (ii) in any other case, the rate for such date for the conversion of one United States dollar into Canadian dollars calculated in such manner as may be determined by the Board of Directors from time to time acting in good faith;

  • Option Exchange Ratio means the quotient obtained by dividing the Per-Share Cash Amount by the Parent Stock Price.

  • Foreign Exchange Rate means, with respect to any currency other than United States dollars, as of any date of determination, the rate set forth in the exchange rate section of The Wall Street Journal or, if not published in The Wall Street Journal, then the average of the opening bid and asked rates on such date at which such currency may be exchanged for United States dollars as quoted by JPMorgan Chase Bank, National Association (or any successor thereto or other major money center commercial bank agreed to by the Parties).

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Daily Exchange Value means, for each of the 20 consecutive Trading Days during the Observation Period, one-twentieth (1/20) of the product of (a) the applicable Exchange Rate and (b) the Daily VWAP of the Common Stock (or the Reference Property, if applicable) on such day.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • Exchange Rate Agent means, with respect to Securities of or within any series, unless otherwise specified with respect to any Securities pursuant to Section 301, a New York Clearing House bank, designated pursuant to Section 301 or Section 313.

  • Exchange Rate Officer s Certificate” means a certificate setting forth (i) the applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate or the applicable bid quotation signed by the Chief Financial Officer or any Vice President of the Company.

  • U.S. Dollar Equivalent means with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination.

  • Reference Exchange means XETRA.

  • Reference Market Price shall initially mean $30.14, and in the event of any adjustment to the conversion price pursuant to subsection (a), (b) or (c) of Section 15.05, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the conversion price after giving effect to any such adjustment shall always be the same as the ratio of $30.14 to the conversion price specified in the form of Debenture hereinabove set forth (without regard to any adjustment thereto).

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Spot Rate for a currency means the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date of such determination; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(c) on the basis of a London Interbank Offered Rate.

  • Adjusted EURIBO Rate means with respect to any Term Benchmark Borrowing denominated in Euro for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to the product of (a) the EURIBO Rate for Euros for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided, that, if the Adjusted EURIBO Rate shall be less than zero (0.00%), such rate shall be deemed to be zero (0.00%) for purposes of this Agreement.

  • spot rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • Applicable Market Value has the meaning specified in Section 5.1.

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.