Relevant FX Rate definition

Relevant FX Rate means on any day, and, in respect of the conversion of any currency into EUR the spot mid- rate of exchange at 1:00 p.m. Frankfurt time on that day for such pair of currencies as appearing on or derived from Bloomberg page BFIX (or any successor page thereto).If the Relevant FX Rate cannot be determined in accordance with the foregoing provisions, the Relevant FX Rate shall be the exchange rate determined in accordance with the foregoing provisions mutatis mutandis but with respect to the last day preceding such day on which such rate can be determined. If the Relevant FX Rate cannot be so determined, an Independent Expert will determine the Relevant FX Rate on the basis of such quotations or other information as such Independent Expert considers appropriate; any such determination will be conclusive.

Relevant FX Rate. ’ means, in respect of each Class of Non-Sterling Notes, the foreign currency exchange rate set out in respect of such Class in the table below:

Relevant FX Rate means the relevant foreign exchange reference rate displayed by the European Central Bank from time to time on its website (xxx.xxx.xxx for the time being) and which is based on the daily concertation procedure between central banks within and outside the European System of Central Banks or, if such rate is not or is no longer available at the relevant time, any replacement to such rate as agreed by the Parties (acting reasonably).

Examples of Relevant FX Rate in a sentence

• Each Fixed Amount calculated in accordance with Article V of the Credit Derivatives Definitions shall be converted from USD to EUR at the Relevant FX Rate, and the relevant Fixed Amount payable by the Protection Buyer to the Protection Seller shall, subject to the provisions below regarding Retention of Fixed Amounts, be equal to such EUR amount.

• Relevant FX Rate: EUR 1.0000 = USD 1.2000 Fixed Rate Payer Payment Dates: Fixed Rate Payer Period End Dates: Relating Fixed Rate Payer Payments to Fixed Rate Payer Calculation Periods: Notwithstanding Section 2.10 of the Credit Derivatives Definitions, the third Payment Business Day following each Fixed Rate Payer Period End Date scheduled to fall in March, June, September and December, provided that the final Fixed Rate Payer Payment Date shall fall on the final Fixed Rate Payer Period End Date.

• Any reference in these Terms and Conditions to the Share Price will include, if the reporting of the Share Price is discontinued, a reference to a quotation which replaces the Share Price (x) by operation of law or (y) on the basis of generally accepted market practice, in each case converted (if necessary) into EUR at the Relevant FX Rate in effect on the relevant Trading Day as determined by the Calculation Agent.

• The Regulatory Call Option is granted for the Issuer (or any assignee or novatee of the Regulatory Call Option) to acquire all, but not some only, of the Notes of the Class or Classes in respect of which it is exercised for a purchase price equal to the then Adjusted Principal Balance of such Notes (converted, in the case of Non-Sterling Notes, into the relevant currency at the Relevant FX Rate).

More Definitions of Relevant FX Rate

Relevant FX Rate means the spot currency exchange rate between GBP and the currency in which the relevant Bond Securities are denominated, as determined by the Swap Counterparty on the Maturity Date.The Trustee shall apply all moneys received by it under the Trust Instrument in connection with the realisation or enforcement of the security constituted by or pursuant to the Trust Deed in the following order of priorities:Swap Counterparty Priority.(iii) Contract (if applicable): Not applicable.

Relevant FX Rate means on any day, and, in respect of the conversion of any currency into € the spot rate of exchange at 1 p.m. Frankfurt time on that day for such pair of currencies as appearing on or derived from Bloomberg page BFIX (or any successor page thereto).

Relevant FX Rate means the spot currency exchange rate between GBP and the currency in which the relevant Bond Securities aredenominated, as determined by the Swap Counterparty on the date on which such Bond Securities are delivered by the Swap Counterparty to the Issuer.If the nominal amount of any such Delivered Securities is not a multiple of the lowest denomination of such Bond Securities (the relevant “Securities Denomination”), either:

Relevant FX Rate means on any day, and, in respect of the conversion of any currency into Euro the spot mid-rate of exchange at 1:00 p.m. Frankfurt time on that day for such pair of currencies as appearing on or derived from Bloomberg page BFIX (or any successor page thereto). If the Relevant FX Rate cannot be determined in accordance with the foregoingermittelt werden kann, ist der Maßgebliche Wechselkurs der in entsprechender Anwendung der vorstehenden Regelungen bestimmte Wechselkurs an dem letzten Tag vor dem betreffenden Tag, an dem der Wechselkurs ermittelt werden kann. Wenn der Maßgebliche Wechselkurs nicht auf diese Weise ermittelt werden kann, dann wird ein Unabhängiger Sachverständiger den Maßgeblichen Wechselkurs auf der Basis solcher Notierungen oder anderer Informationen bestimmen, die dieser Unabhängige Sachverständige für maßgeblich hält; diese Bestimmung ist abschließend.

Relevant FX Rate means, in respect of each Non-EUR Reference Obligation in the Reference Portfolio, the rate determined on the Relevant FX Date in respect of such Non- EUR Reference Obligation, which rate may be reset as provided under Clause 7.4 (FX Resets). Such rate shall be the rate determined by the Protection Buyer to be the mid-market foreign exchange rate prevailing on such date for the conversion of the relevant currency into EUR applied by the Protection Buyer for the purposes of its own financial books and records with respect to the Reference Obligation. For the avoidance of doubt, there shall only be one Relevant FX Rate in respect of a Non-EUR Reference Obligation at any time.

Relevant FX Rate has the meaning set out in § 10(m).

Relevant FX Rate means on any day, and, in respect of the conversion of any currency into US dollars the spot mid-rate of exchange at 1:00 p.m. Frankfurt time on that day for such pair of currencies as appearing on or derived from Bloomberg page BFIX (or any successor page thereto). If the Relevant FX Rate cannot be determined in accordance with the foregoing provisions, the Relevant FX Rate shall be the exchange rate determined in accordance with the foregoing provisions mutatis mutandis but with respect to the last day preceding such day on which such rate can be determined. If the Relevant FX Rate cannot be so determined, an Independent Expert will determine the Relevant FX Rate on the basis of such quotations or other information as such Independent Expert considers appropriate; any such determination will be conclusive.