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 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).

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:

Examples of Relevant FX Rate in a sentence

• To the extent the Debit and/or Credit Loss Event Amount Recovery is not denominated in U.S. Dollars, the Credit Loss Event Amount shall be calculated after converting the Debit and/or Credit Loss Event Amount Recovery into U.S. Dollars at the Relevant FX Rate as at the latest preceding Relevant FX Date that occurred prior to the relevant Event Determination Date with respect to the relevant Reference Obligation.

• Non-U.S. Dollar Reference ObligationsIn respect of each Non-U.S. Dollar Reference Obligation, the Swap Counterparty shall designate a U.S. Dollar amount as the Reference Obligation Notional Amount thereof, such U.S. Dollar amount being the U.S. Dollar equivalent of the amount in the currency of denomination of such Reference Obligation in respect of which the Swap Counterparty is buying credit protection converted into U.S. Dollars at the Relevant FX Rate.

• Payment Requirement: The lesser of EUR 10,000 and the Defaulted Notional Amount on the date of the relevant Failure to Pay (or in respect of a Reference Obligation denominated in a currency other than EUR, such amount converted into the currency of denomination of the relevant Reference Obligation at the Relevant FX Rate as of the immediately preceding Relevant FX Date (as determined by the Calculation Agent)).

• The Reference Obligation Notional Amount of any Reference Obligation may be reduced as a result of increases in the Relevant FX Rate.

• However, no increase in the Reference Obligation Notional Amount of any Non-EUR Reference Obligation attributable to decreases in the Relevant FX Rate will be permitted except on a Replenishment Effective Date and only to the extent that such increase is set forth in the Reference Registry delivered on the relevant Replenishment Effective Date and, taken together with any other Replenishments occurring concurrently therewith, satisfies the Replenishment Conditions.

More Definitions of Relevant FX Rate

Relevant FX Rate means the spot currency exchange rate between USD 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 Deed 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 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).

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.If the nominal amount of such aggregate Delivered Securities to be delivered to the Swap Counterparty on the Maturity Date 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 foregoing provisions, the Relevant FX RateWechselkurs 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, the rate determined on the Relevant FX Date in respect of such Non-EUR Reference Obligation, which rate may be reset as provided under Condition 5(e) (FX Reset). Such rate shall be the rate determined by the Issuer to be the mid-market foreign exchange rate prevailing on such date for the conversion of the relevant currency into EUR applied by the Issuer for its own regular foreign exchange transactions. 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.