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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Related to FX Rate Notice

  • Bid Rate Note means a promissory note of the Borrower substantially in the form of Exhibit B, payable to the order of a Lender as originally in effect and otherwise duly completed.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Reset Notice has the meaning specified in Section 3.07.

  • Pricing Rate Period means, (a) in the case of the first Pricing Rate Period with respect to any Transaction, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including such Remittance Date and ending on and excluding the following Remittance Date; provided, however, that in no event shall any Pricing Rate Period end subsequent to the Repurchase Date.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;