Currency Adjustment Factor definition
Currency Adjustment Factor means the greater of (x) zero and (y) an amount equal to the difference between (a) Consolidated EBITDA calculated using constant currency exchange rates (applicable to the Borrower’s consolidated income statement used in calculating Net Income) for the applicable Test Period using the currency exchange rates which were in effect for the corresponding month during the Test Period ending on the day before the first day of the applicable Test Period, and (b) Consolidated EBITDA calculated with currency exchange rates applicable under GAAP; provided that for any applicable Test Period the Currency Adjustment Factor shall not exceed 20% of Consolidated EBITDA calculated without giving effect to the Currency Adjustment Factor. For the avoidance of doubt, constant currency exchange rates are to be measured and applied on a monthly basis using a simple average of the daily exchange rates in effect for such month.
Currency Adjustment Factor means a percentage determined by the Issuer in its reasonable discretion (billiges Ermessen) (§ 315 German Civil Code (BGB)) to account for any exchange rate fluctuation, if any.
Currency Adjustment Factor means, in respect of any amount to which it is stated to apply:
(a) if the amount is expressed in Euros, one;
(b) if the amount is expressed in a currency other than Euros, the Agreed Completion 230 230 Date Exchange Rate.
Examples of Currency Adjustment Factor in a sentence
EXPLANATION OF ABBREVIATIONS CAF Currency Adjustment Factor A Increase CBM, CM or M3 Cubic Meter AC Atmosphere Controlled CC Cubic Centimeter Ad. Val.
Rate will be subject to change in Bunker Adjustment Factor (BAF), Low Sulphur fuel (LSF), Currency Adjustment Factor (CAF), War Risk Surcharge (WRS), Fuel Adjustment Factor (FAF), Emergency Recovery Surcharge (ERS), Bunker Charge (BUC), Peak Season Surcharge (PSF), Container Ground Surcharge (CGS), or any extraordinary surcharge without prior notice.
More Definitions of Currency Adjustment Factor
Currency Adjustment Factor means, in respect of any amount to which it is stated to apply: