FX Rate Notice definition

FX Rate Notice means, in respect of any Scheduled Reference Date, an irrevocable written notice in the form obtainable from the Principal Programme Agent or the Calculation Agent, specifying that the Holders of 100 per cent. of the Securities (including evidence satisfactory to the Calculation Agent of such holding) elects the FX Rate to be determined by the Calculation Agent for such Scheduled Reference Date, taking into consideration all available information that it deems relevant, in a form and substance satisfactory to the Calculation Agent, and provided to the Issuer and the Calculation Agent before 4:00 p.m., London time, on or before the second FX Business Day immediately preceding such Scheduled Reference Date (such second FX Business Day being the "FX Rate Notice Cut-Off Date" for such Scheduled Reference Date). If such notice is received at or after 4:00 p.m., London time, on any FX Business Day then such notice shall be deemed to be delivered to the Issuer on the first FX Business Day immediately following such FX Business Day, provided that, if such first following FX Business Day falls after the FX Rate Notice Cut- Off Date for such Scheduled Reference Date or such notice is received from Holders of fewer than 100 per cent. of the Securities, then such FX Rate Notice will be void and of no effect, and shall not be an FX Rate Notice for such Scheduled Reference Date.
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Examples of FX Rate Notice in a sentence

  • If an FX Rate Notice has been duly received by the Issuer prior to such relevant day, then the FX Rate will be determined by the Calculation Agent, taking into consideration all available information that it deems relevant, rather than the Calculation Agent being obliged to look at a published screen rate or run a dealer poll.

Related to FX Rate Notice

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Reset Notice has the meaning specified in Section 307(b).

  • Floating Rate Note means any Class A-2b Note.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • FX Rate means the “noon exchange rate” as reported by the Bank of Canada on any relevant date or if applicable, the rate calculated by the Calculation Agent, between the Canadian dollar and the foreign currencies into which some Reference Shares are denominated, expressed as the amount of Canadian dollars per one unit of foreign currency.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Term Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Term Rate.

  • Floating Rate Notes means the Class A-2b Notes.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a SOFR Index Cessation Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the "Affected Interest Period") to, but excluding, the SOFR Index Cessation Date (such period, the "Partial SOFR Period"), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the "Partial Fallback Period"), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period; and