Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/TJS rate of exchange, expressed as the amount of TJS per one USD as determined by the National Bank of Tajikistan and published on their website: http://www.nbt.tj/en/kurs/kurs.php or any successor page on such Rate Fixing Date. This information is also available on the Bloomberg page under ticker "TJS NBT Curncy”. In case of any discrepancy between the USD/TJS rate of exchange as published on the Bloomberg page and as published on the National Bank of Tajikistan website (or on any successor page or source in respect of either them), the USD/TJS rate of exchange as published on the National Bank of Tajikistan website (or its successor page) will prevail;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/MMK rate of exchange, expressed as the amount of MMK per one USD as determined by the Central Bank of the Republic of the Union of Myanmar and published on their website: http://forex.cbm.gov.mm/ or any successor page, at approximately 9.30 a.m. (Yangon time) on such Rate Fixing Date. This information is also available on the Bloomberg page under ticker “MMK CBMM Curncy”. In case of any discrepancy the information that appears on the website of the Central Bank of the Republic of the Union of Myanmar shall prevail;
Exchange Reference Rate means the USD/AZN rate of exchange, expressed as the amount of AZN per one USD, as published by the Central Bank of the Republic of Azerbaijan on its website, www.cbar.az, under the heading “AZN Exchange Rate” (or successor website or source) at approximately 3.45pm (Baku time), on the relevant Rate Fixing Date or if unavailable, the USD/AZN Bloomberg Close (CMPL) on the relevant Rate Fixing Date.
Examples of Exchange Reference Rate in a sentence
The Exchange Reference Rate will be determined by the Calculation Agent in its sole discretion, acting in good faith and in an impartial and in a commercially reasonable manner in accordance with its normal procedures for determining such exchange rate (or a comparable exchange rate) at such time.
If fewer than two quotations are provided, the Exchange Reference Rate will be determined by the Calculation Agent in its sole discretion, acting in good faith and in an impartial and in a commercially reasonable manner in accordance with its normal procedures for determining such exchange rate (or a comparable exchange rate) at such time.
If the date is not a banking day for the European Central Bank, the Euro Foreign Exchange Reference Rate published on the preceding banking day shall be used as the exchange rate.
In order to establish that the Cover Amount is less than the Guarantee Amount the Cover Amount shall be converted into the currency of the Guarantee Amount at the Euro Foreign Exchange Reference Rate published by European Central Bank subject to the provisions on application of this rate set out in the General Terms.
If none, or only one, of the Reference Dealers provides such a firm quote, the relevant Exchange Reference Rate shall be determined by the Calculation Agent in its discretion, acting in good faith and in a commercially reasonable manner.
More Definitions of Exchange Reference Rate
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/AZN rate of exchange, expressed as the amount of AZN per one USD as determined by the Central Bank of the Republic of Azerbaijan and published (i) on the website of the Central Bank of the Republic of Azerbaijan: https://www.cbar.az/currency/rates (or any successor page or source), at approximately 3.45 p.m. (Baku time) on such Rate Fixing Date and/or (ii) on the Bloomberg page AZN CBAZ Curncy (or any successor page) provided that in case of any discrepancy between the USD/AZN rate of exchange as published on the Bloomberg page and as published on the website of the Central Bank of the Republic of Azerbaijan (or on any successor page or source in respect of either of them), the USD/AZN rate of exchange as published on the website of the Central Bank of the Republic of Azerbaijan (or its successor page) will prevail;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/GEL Official Exchange Rate expressed as the amount of GEL per one USD, as published by the NBG as of 1.00p.m. (Tbilisi time) on the Rate Fixing Date as observed on https://www.nbg.gov.ge/index.php?m=582&lng=eng (or on any successor page set up for the purposes of displaying such rate). This information is also available on the Bloomberg page GEL NBGF Curncy provided, however, that in the case of any discrepancy between the Official Exchange Rate as published on the Bloomberg page and as published on the NBG website, the Official Exchange Rate as published on the NBG website will prevail;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/UZS rate of exchange, expressed as the amount of UZS per one USD as determined by the Central Bank of the Republic of Uzbekistan and published on their website: http://www.cbu.uz/en/arkhiv-kursov-valyut/ or any successor page, at approximately 1.00 p.m. (Tashkent time) on such Rate Fixing Date. This information is also available on the Bloomberg page under ticker “UZS CBUZ Curncy”. In case of any discrepancy between the USD/UZS rate of exchange as published on the Bloomberg page and as published on the Central Bank of the Republic of Uzbekistan website (or on any successor page or source in respect of either them), the USD/UZS rate of exchange as published on the Central Bank of the Republic of Uzbekistan website (or its successor page) will prevail;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the arithmetic average between the buying and selling exchange rates, as displayed on the website of the Banque d’Algérie in the section Marché monétaire, Marché interbancaire, Ligne cotation spot (or any successor website or page) between 9 and 10am local time (first fixing for the day) and is expressed as the amount of Algerian dinar per one USD, on that Rate Fixing Date. The link as of the issue date is: https://www.bank-of-algeria.dz/html/marcheint2.htm. This information is also available on the Reuters page BA/FX01 (or any successor page) provided, however, that in the case of any discrepancy between the rate as published on the Reuters page and as published on the Banque d’Algérie website, the rate as published on the Banque d’Algérie website will prevail;
Exchange Reference Rate means the USD/BYN Official Exchange Rate, as determined by the National Bank of the Republic of Belarus and published on their website at approximately 4 PM (Minsk, Belarus time): https://www.nbrb.by/engl/statistics/rates/ratesDaily.asp (or any successor page) on the relevant Rate Fixing Date;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/KGS rate of exchange, expressed as the amount of KGS per one USD as determined by the National Bank of the Kyrgyz Republic and published (i) on the NBKR Website, at approximately 1.00 p.m. (Bishkek time) on such Rate Fixing Date and/or (ii) on the Bloomberg page KGS NBKR Curncy (or any successor page) provided that in case of any discrepancy between the USD/KGS rate of exchange as published on the Bloomberg page and as published on the NBKR Website, the USD/KGS rate of exchange as published on the NBKR Website will prevail;
Exchange Reference Rate means, in respect of a Rate Fixing Date, the USD/MDL rate of exchange, expressed as the amount of MDL per one USD as determined by the National Bank of Moldova and published on their website: http://www.bnm.md/en or any successor page on such Rate Fixing Date. This information is also available on the Bloomberg page under ticker "MDL NBMC Curncy”. In case of any discrepancy between the USD/MDL rate of exchange as published on the Bloomberg page and as published on the National Bank of Moldova website (or on any successor page or source in respect of either them), the USD/MDL rate of exchange as published on the National Bank of Moldova website (or its successor page) will prevail;