First Exchange Rate definition

First Exchange Rate means the rate specified as such in the relevant Launch Announcement and Supplemental Listing Document;

First Exchange Rate means the rate specified as such in the relevant Supplemental Listing Document;

First Exchange Rate means the rate specified as such in the relevant Launch Announcement and Supplemental Listing Document, subject to any adjustment in accordance with Product Condition 3;

Examples of First Exchange Rate in a sentence

• The “Cash Settlement Amount” means, in respect of every Exercise Amount of Warrants, an amount calculated by the Issuer as equal to the excess of the Closing Level on the Valuation Date over the Strike Level, multiplied by the Index Currency Amount, either converted (if applicable) (i) into the Settlement Currency at the Exchange Rate or, as the case may be, (ii) into Interim Currency at the First Exchange Rate and then converted into the Settlement Currency at the Secondary Exchange Rate.

• The “Cash Settlement Amount” means, in respect of every Exercise Amount of Warrants, an amount calculated by the Issuer as equal to the excess of the Strike Level on the Valuation Date over the Closing Level, multiplied by the Index Currency Amount, either converted (if applicable) (i) into the Settlement Currency at the Exchange Rate or, as the case may be, (ii) into Interim Currency at the First Exchange Rate and then converted into the Settlement Currency at the Secondary Exchange Rate.

More Definitions of First Exchange Rate

First Exchange Rate means the mid-quote for the USD/JPY exchange rate (expressed as the number of units of JPY per 1 unit of USD) taken by us at or about 2:00 p.m. (Hong Kong time) on the Valuation Date from Reuters page “TKFE”, or such replacement page on the Reuters service that displays the information currently displayed on Reuters page “TKFE”, or, if the Reuters service ceases to display such information, such page that displays such information on such other service as may be selected by us in a commercially reasonable manner.

First Exchange Rate means the rate specified as such in the relevant Launch Announcement and Supplemental Listing Document; “General Conditions” means the general terms and conditions set out in Appendix 1 of the Base Listing Document;