Currency Rate definition
Currency Rate means, with respect to (a) a Deliverable Obligation specified in the Notice of Physical Settlement or any Physical Settlement Amendment Notice, as applicable, the rate of conversion between the Credit Settlement Currency and the currency in which the Outstanding Principal Balance or Due and Payable Amount of such Deliverable Obligation is denominated that is either (i) determined by reference to the Currency Rate Source as at the Next Currency Fixing Time or (ii) if such rate is not available at such time, determined by the Calculation Agent and (b) a Replacement Deliverable Obligation specified in a Physical Settlement Amendment Notice, the Revised Currency Rate.
Currency Rate means with respect to:
Currency Rate means, whenever so required to be determined the rate for conversion of the currency of the Valuation Obligation into the Settlement Currency determined by the Calculation Agent, as of the Valuation Date, in its sole discretion.
Examples of Currency Rate in a sentence
Changes in the rate of interest on any portion of any Alternate Currency Loan bearing a fluctuating Alternate Currency Rate will take effect simultaneously with each change in such Alternate Currency Rate.
Each Alternate Currency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at the Alternate Currency Rate as set forth in the applicable Alternate Currency Addendum.
Interest accrued on each Floating Rate Loan and each Alternate Currency Loan bearing a fluctuating Alternate Currency Rate shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, upon any prepayment whether by acceleration or otherwise, and at maturity (whether by acceleration or otherwise).
Each Fronted Offshore Currency Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Fronted Offshore Currency Rate.
Determination of amounts payable under such Sections in connection with a Fixed-Rate Loan shall be calculated as though each Lender funded its Fixed-Rate Loan through the purchase of a deposit of the type, currency and maturity corresponding to the deposit used as a reference in determining the Eurocurrency Rate or Alternate Currency Rate applicable to such Loan, whether in fact that is the case or not.
More Definitions of Currency Rate
Currency Rate means, for any currency, the conversion rate determined for that currency pursuant to the Agency Agreement.
Currency Rate means (a) the rate determined by the Calculation Agent equal to the rate of conversion of the currency of the Deliverable Obligation into the Settlement Currency by reference to (i) if the Settlement Currency is U.S. Dollars, the Federal Reserve Bank of New York 10.00 a.m. (New York time) mid-point rate as displayed on Reuters Page FEDSPOT on the relevant date as determined by the Calculation Agent or in such other commercially reasonable manner as it shall determine, or (ii) if the Settlement Currency is euro, the MEAN price as displayed on Reuters Page EUROFX/1 as of 12.00 p.m. (London time) on the relevant date as determined by the Calculation Agent or in such other commercially reasonable manner as it shall determine, or (b) if the Settlement Currency is not U.S. Dollars or euro, the rate determined by the Calculation Agent in a commercially reasonable manner.
Currency Rate means with respect to a Deliverable Obligation specified in the Notice of Physical Settlement, the rate of conversion between the currency in which the Notes are denominated and the currency in which the outstanding amount of such Deliverable Obligation is denominated that is either (i) determined by reference to the mid-point rate of conversion published by WM/Reuters at 4:00 p.m. (London time), or any successor rate source determined by the Determination Agent as at 4:00 p.m. (London time) on the Business Day in London immediately following the date on which the Notice of Physical Settlement is effective or (ii) if such rate is not available at such time, determined by the Determination Agent in a commercially reasonable manner.
Currency Rate or “Quotation” is the ratio of one currency to another at a certain period of time.
Currency Rate refers to the foreign exchange rates offered by Party B through the Payment System, being the rates provided to Party B by its bank.
Currency Rate means with respect to: (i) Australian Dollars, the rate per annum equal to the Bank ▇▇▇▇ Swap Reference Bid Rate (“BBSY”),; and (ii) Canadian Dollars, the rate per annum equal to the Canadian Dollar Offered Rate (“CDOR”), as published on the applicable Reuters Page; and (iii) Hong Kong Dollars, the rate per annum equal to the Hong Kong Interbank Offered Rate (“HIBOR”), in each case as published on the applicable Reuters Page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day and as of the time as is generally treated as the rate fixing day and time by market practice in such interbank market, as determined by the Administrative Agent with a term equivalent to such Interest Period. “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which
Currency Rate means with respect to: (i) Australian Dollars, the rate per annum equal to the Bank ▇▇▇▇ Swap Reference Bid Rate (“BBSY”), (ii) Canadian Dollars, the rate per annum equal to the Canadian Dealer Offered Rate (“CDOR”), as published on the applicable Reuters Page; and (iii) Hong Kong Dollars, the rate per annum equal to the Hong Kong Interbank Offered Rate (“HIBOR”), in each case as published on the applicable Reuters Page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day and as of the time as is generally treated as the rate fixing day and time by market practice in such interbank market, as determined by the Administrative Agent with a term equivalent to such Interest Period. “Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States of America or other applicable jurisdictions from time to time in effect. “Default” means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or both, constitute an Event of Default. “Defaulting Lender” means, subject to Section 1.16(b) hereof, any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, each L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Lo...