FX Spot Rate definition

FX Spot Rate means, in respect of a Constituent "i" and a specified day "x", either:
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FX Spot Rate means the BRL/US$ spot exchange rate, expressed as the amount of BRL per one US$, notified by the Bank to the Borrower, which shall reflect the BRL/US$ foreign exchange prevailing market rate.
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FX Spot Rate means, for purposes of (i) converting reais to U.S. dollars (or vice versa) or calculating the U.S. dollar conversion value of amounts in reais (for purposes of determining compliance with any covenants contained, or satisfying any threshold or any other test requiring a conversion value set forth herein), as applicable, or (ii) for purposes of converting any other currency or calculating such other currency's conversion value if permitted hereunder, the spot rate of exchange for the purchase of U.S. dollars with (a) reais (or vice versa, as applicable), which is displayed on Bloomberg's website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/quote/USDBRL:CUR) or (b) with such other currency (or vice versa) at such page as shall be reasonably agreed by the Administrative Agent, in each case, at 1 p.m. (New York time) as of the date that the conversion (or calculation) is to be made. In the case of any actual conversion at the FX Spot Rate, the term FX Spot Rate shall include appropriate adjustments to accommodate any customary transaction costs incurred by the Offshore Entity consummating the conversion.
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Examples of FX Spot Rate in a sentence

  • The rate of exchange shall be the mean value of the British Pound Sterling/US Dollar FX Spot Rate in London first published in the Financial Times on the day for determining such rates.

  • To the extent that any transfers or payments of amounts under this Section 11 will require that amounts in any Current Account denominated in reais or any other currency be converted into U.S. dollars, such amounts shall be converted at the relevant FX Spot Rate.


More Definitions of FX Spot Rate

FX Spot Rate means the interbank exchange rate for the fiat currency pair, as such rate is reported at w▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, at approximately the time the Payout Amount (without fees) is available, and in no event more than one hour from such time. Ripple may substitute another data source to provide such rate, in its reasonable discretion.
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FX Spot Rate means, at any time, a number equal to the CZK Spot Rate in respect of the CZK Notes, the EUR Spot Rate in respect of the EUR Notes and one in respect of the USD Notes.
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Related to FX Spot Rate

  • Spot Rate for a currency means the rate determined by the Administrative Agent or the L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the L/C Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that the L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency.

  • Revaluation Date means with respect to any Letter of Credit, each of the following: (a) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (b) each date of an amendment or extension of any such Letter of Credit and (c) each date of any payment by the applicable L/C Issuer under any Letter of Credit denominated in an Alternative Currency.

  • Agent’s Spot Rate of Exchange means the Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • spot rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.