PTAX 800 Rate definition

PTAX 800 Rate means, for any date, the closing exchange rate of sale for dollars under PTAX 800 Opcao 5 for the most recently preceding Business Day prior to such date, as published in the Sisbacen Data System of the Central Bank.
View Source
PTAX 800 Rate means, for any date, the average of the exchange rates for all sales transactions and all purchase transactions for dollars under the PTAX 800 Opcao 5 on such date, as published in the Sisbacen Data System of the Central Bank or, should the same cease to be published, such generally recognized replacement rate thereof, subject to the approval of the Collateral Agent, such approval not to be unreasonably withheld.
View Source
PTAX 800 Rate means, for any date, the average of the exchange rates for all sales transactions and all purchase transactions for Dollars under the PTAX 800 Opcao 5 on such date, as published in the Sisbacen Data System of the Central Bank.
View Source

Examples of PTAX 800 Rate in a sentence

  • Any amount paid or caused to be paid by any Shareholder to Holdings for contribution to, or directly to, Vesper pursuant to Section 3.01, 4.01 or 4.02 in Reais shall, for the purposes of making calculations in dollars under this Agreement, be treated as having been paid in dollars in an amount equal to such Real-denominated amount divided by the PTAX 800 Rate for the date that such amount is paid.

  • The amount of any such local currency payment shall be determined by the PTAX 800 Rate, on the Affected Payment Date (as defined below) or, if the PTAX 800 Rate ceases to exist, at the rate obtained through another customary legal channel for transactions of the type contemplated in this Agreement, or, if there is no such rate replacing the PTAX 800 Rate, such rate as is determined by BankBoston N.A. in good faith.

  • The amount of any such local currency payment shall be determined by the PTAX 800 Rate, on the Affected Payment Date (as defined below) or, if the PTAX 800 Rate ceases to exist, at the rate obtained through another customary legal channel for transactions of the type contemplated in this Agreement, or, if there is no such rate replacing the PTAX 800 Rate, such rate as is determined by Banco ABN AMRO Real S.A. in good faith.

  • Except as otherwise expressly specified herein, for purposes of converting to dollars any amounts expressed in reais (i) as of any date, the currency exchange rate shall be the PTAX 800 Rate for such date and (ii) for any period, the currency exchange rate shall be the Average Conversion Factor for such period.