Initial FX Rate means, with respect to any Collateral Obligation, the Current FX Rate for such Collateral Obligation as at the date on which the Acquisition of such Collateral Obligation has been approved pursuant to the provisions set forth in the Transaction Documents. If the Borrower has Committed to Acquire a Collateral Obligation in more than one lot and/or a Collateral Obligation has been added to the Underlying Portfolio in more than one lot (for example, by Commitments or Acquisitions on separate days), then each lot of such a Collateral Obligation shall be treated as separate Collateral Obligations for purposes of determining the Initial FX Rates therefor.
Initial FX Rate means the FX Rate in respect of the Initial Valuation Date (as defined in the FX Linked Provisions), as determined by the Calculation Agent and subject to adjustment and/or correction in accordance with the Conditions, being, as the date of this Pricing Supplement, 6.458 .
Initial FX Rate means [specify currency] per [specify currency]] 6. (i) Specified Denominations: [ ] (N.B. if N&C Securities must have a minimumdenomination of €100,000 or its equivalent) (Note – where multiple denominations above [€100,000] or equivalent are being used the following sample wording should be followed:
Examples of Initial FX Rate in a sentence
GSI Exchange Amount On the Effective Date with respect to a Transaction relating to an RO, GSI shall pay to Counterparty an amount in USD with respect to such RO equal to its Initial Notional Amount multiplied by its Offered Price divided by its Initial FX Rate.
GSI shall pay to Counterparty an amount in USD equal to the Notional Amount for the relevant RO multiplied by the Current Price divided by the Initial FX Rate for the relevant RO (each as determined pursuant to such Re-Striking).
The Subscription Amount (converted into the Employee’s Local Currency at the Initial FX Rate, if applicable) shall be payable in Local Currency in accordance with the terms and conditions set out in the relevant Local Supplement.
The Subscription Amount of each Participant shall be reduced accordingly, based on the reduced number of Shares allocated to him or her, the Purchase Price and, if applicable, the Initial FX Rate.
The Subscription Amount of each Participant shall be reduced accordingly, based on the reduced number of Shares allocated to him or her, the Purchase Price and, where the applicable Local Currency is not the U.S. dollar, the Initial FX Rate.
More Definitions of Initial FX Rate
Initial FX Rate means, with respect to any Local Currency other than the U.S. dollar, the foreign exchange rate of the U.S. dollar into the Local Currency (or, depending on the context, of the Local Currency into the U.S. dollar) fixed by ArcelorMittal:
Initial FX Rate means INR 70.52 per EUR 1.00 The Issue Price specified above may be more than the market value of the Securities as at the Issue Date, and the price, if any, at which the Dealer or any other person is willing to purchase the Securities in secondary market transactions is likely to be lower than the Issue Price. In particular, where permitted by applicable law, the Issue Price may take into account amounts with respect to commissions relating to the issue and sale of the Securities as well as amounts relating to the hedging ofthe Issuer's obligations under the Securities and secondary market prices may exclude such amountsIf any commissions or fees relating to the issue and sale of the Securities have been paid or are payable by the Dealer to an intermediary, then such intermediary may be obliged to fully disclose to its clients the existence, nature and amount of any such commissions or fees (including, if applicable, by way of discount) as required in accordance with laws and regulations applicable to such intermediary, including any legislation, regulation and/or rule implementing the Markets in Financial Instruments Directive (Directive 2004/39/EC), or as otherwise may apply in any non-EEA jurisdictions Investors in the Securities intending to invest in Securities through an intermediary (including by way of introducing broker) should request details of any such commission or fee payment from such intermediary before making any purchase hereof
Initial FX Rate means [specify]/ [the exchange rate at [specify time] on the [[] Business Day prior to the Issue Date], expressed as the amount of [specify currency] for which one [specify currency] may be exchanged determined by the Calculation Agent by reference to [specify source] (or any successor [page] thereto, as determined by the Calculation Agent), provided that if such source is not available, any such rate of exchange may be determined by the Calculation Agent [by reference to such sources as it considers in its sole discretion to be appropriate] and acting in good faith and in a commercially reasonable manner]/[the exchange rate obtained by multiplying (i) [specify first exchange rate] and (ii) [specify second exchange rate], with [specify first exchange rate] expressed as the amount of [specify currency] for which one [specify currency] may be exchanged determined by the Calculation Agent by reference to [specify source] (or any successor [page] thereto, as determined by the Calculation Agent) at [specify date/time] and [specify second exchange rate] expressed as the amount of [specify currency] for which one [specify currency] may be exchanged determined by the Calculation Agent by reference to [specify source] (or any successor [page] thereto, as determined by the Calculation Agent) at [specify date/time] provided that if any such source is not available, any such rate of exchange may be determined by the Calculation Agent [by reference to such sources as it considers in its sole discretion to be appropriate] and acting in good faith and in a commercially reasonable manner]
Initial FX Rate means 6.8577. “IRS Termination Amount” means:
Initial FX Rate means the Exchange Rate on the Strike Date;
Initial FX Rate means the Exchange Rate on the First Interest Determination Date;
Initial FX Rate means the Exchange Rate on [insert date];] ["Exchange Rate" has the meaning given to such term in Element