Exchange Losses definition
Exchange Losses means the losses in respect of the Exchange Closed-out Contracts of a Defaulting Listed Interest Rates Clearing Member;
Exchange Losses means the losses in respect of the Exchange Closed-out Contracts of a Defaulting Listed Interest Rates Clearing Member who is not a Joint Rates Service Clearing Member and those Listed Interest Rates Contracts of a Defaulting Joint Rates Service Clearing Member that are not Portfolio Listed Interest Rates Contracts;
Examples of Exchange Losses in a sentence
The Borrower shall indemnify the Lenders from and against, and pay and reimburse the Lenders for, promptly upon written demand, any and all Foreign Exchange Losses suffered or incurred by the Lenders from time to time.