Initial Spot Rate definition

Initial Spot Rate means the spot rate for conversion of the currency in which the relevant Collateral Securities are denominated, into the Specified Currency, on the date falling two Business Days prior to the date on which the relevant Collateral Securities initially became part of the Charged Assets (being the Issue Date, in the case of the Initial Charged Assets, or the date of Substitution, in the case of any Replacement Collateral Securities), as determined by the Calculation Agent by reference to such sources as the Calculation Agent determines appropriate for the relevant conversion.
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Initial Spot Rate means the spot rate of exchange quoted on the Closing Date for the exchange of Sterling for Euro at 11:00 a.m. (London time) on that date, as specified in the Collateral Management Agreement.
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Initial Spot Rate means 77.53 (expressed as the amount of Local Currency per one USD).
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Examples of Initial Spot Rate in a sentence

  • From and including the Effective Date to and including the Termination Date, Party A will pay to Party B on each Charged Asset Redemption Date, an amount in EUR equal to non-EUR denominated Charged Asset Redemption Proceeds, converted into EUR from the relevant currency at the Initial Spot Rate, as determined by the Calculation Agent.

  • Initial: Spot Rate Smoothed—RawAll Ratings While the All Ratings average is close to zero, the various groupings of ratings looked questionable, especially the Baa group, Baa1, Baa2, and Baa3 combined.

  • Chaque carte est blistérisée avec une fermeture effectuée soit de façon thermique soit par collage.Deux systèmes sont utilisés pour les cartes blistérisées:- Un seul médicament : un système où l’on retrouve dans tout le blister un seul et unique médicament.

  • For the purposes of such calculation, Class A-R Sterling Advances will be converted into Euro at the Initial Spot Rate.

  • Aggregate Nominal Amount:(i) Series: PKR 1,000,000,000 Notwithstanding that the Notes are denominated in Pakistani Rupee, the Noteholders shall deliver to the Issuer on the Issue Date, an amount in USD equal to USD 6,499,000 being (Aggregate Nominal Amount*Issue Price)/ Initial Spot Rate, where: “Initial Spot Rate” means 160.40 (expressed as the amount of PKR per one USD)(ii) Tranche:PKR 1,000,000,0005.


More Definitions of Initial Spot Rate

Initial Spot Rate means 63.60 (expressed as the amount of Local Currency per one USD).
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Initial Spot Rate means 61.84 (expressed as the amount of INR per one USD)– Tranche: INR 405,000,000
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Initial Spot Rate means 61.84 (expressed as the amount of Local Currency per one USD).
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Initial Spot Rate means 77.53 (expressed as the amount of Local Currency per one USD) – Tranche: USD 14,985,312
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Initial Spot Rate means 59.16 (expressed as the amount of INR per one USD)– Tranche: INR 293,000,000
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Initial Spot Rate means 59.16 (expressed as the amount of Local Currency per one USD).
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Initial Spot Rate means the spot rate at the time a Barrier Option is entered into, as evidenced in a Confirmation.
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