Representative Market Rate definition
Representative Market Rate means, with respect to any Calculation Business Day, the Tenge / U.S. Dollar daily official (market) foreign exchange rate for the previous FX Business Day, expressed as the amount of Tenge per one U.S. Dollar and as reported by the National Bank of Kazakhstan (the “NBK”) and published on its website (http://www.nationalbank.kz/?docid=362&switch=english or any successor page thereto) (the “NBK Rate”), as determined by the Calculation Agent. In the event that the NBK Rate is unavailable for any Calculation Business Day, then the Calculation Agent shall determine the Representative Market Rate by polling the Reference Banks on the immediately following FX Business Day for the Tenge / U.S. Dollar exchange rate at noon Astana time on such Calculation Business Day for the professional market and taking the arithmetic mean of the polled exchange rates, provided that at least two quotations are obtained (the “Reference Rate”).
Representative Market Rate means the weighted average of the buy and sell foreign exchange rates for transactions completed on the previous Business Day by certain commercial banks and financial corporations in Bogotá, Cali, Barranquilla and Medellín, as calculated and published by the Superintendencia Financiera (Financial Superintendency) of Colombia, and which is available on Bloomberg by typing “TRM<INDEX>HP<GO>” or at the Financial Superintendency’s website at http://www.banrep.gov.co. If such exchange rate is not reported by the Financial Superintendency for any Business Day, then the Representative Market Rate shall be determined by the Calculation Agent by polling Citibank—Colombia, Banco Bilbao Vizcaya Argentaria S.A., Bancolombia S.A., ABN Amro Bank Colombia and Banco Santander Colombia S.A. located in Bogotá D.C., Colombia (collectively, the “Reference Banks”) at 1:00 P.M. Bogotá time, for the exchange rate for the professional market, by taking the arithmetic mean of the polled exchange rates (such mean, the “Alternative Rate”). In the event that any of the Reference Banks cease to operate in Colombia, they shall be replaced by the Republic, for the purpose of determining the Alternative Rate, with subsidiaries or branches of other foreign banks having similar characteristics.
Representative Market Rate. Means the Foreign Exchange Representative Market Rate, economic indicator that discloses the daily level of the official foreign exchange rate in the Colombian spot foreign currency market, which corresponds to the arithmetic average of the weighed average U. S. Dollar sale and purchase rates of the interbank operations and transfers carried out by the intermediaries of the foreign exchange market that have been authorized by the Foreign Exchange Statute, and which is certified by the Financial Superintendence of Colombia. DC – Crude Oil Transportation Agreement – 018 – 2013 34 DC – Crude Oil Transportation Agreement – 018 – 2013 35 DC – Crude Oil Transportation Agreement – 018 – 2013 36 DC – Crude Oil Transportation Agreement – 018 – 2013 37 CLAUSE 1 - PURPOSE
Examples of Representative Market Rate in a sentence
The interest will be calculated and paid in Colombian pesos using the average Representative Market Rate of the Days in which the late payment interest accrues.
The payments will be made in Colombian pesos using the arithmetic average of the Representative Market Rate certified by the Financial Superintendence or the entity that takes its place, of the days of the month that corresponds to the Service invoice.
The amount payable will be determined based on the Service Fee certified in dollars and it will be calculated using the official Representative Market Rate (TRM) certified by the Financial Superintendence of the first day of the month of provision of the Services.
The payments will be made in Colombian pesos using the arithmetic average of the Representative Market Rate certified by the Financial Superintendence or the entity that takes its place, of the first day of the month that corresponds to the Service invoice.
Except as otherwise agreed by the Parties, any and all amounts payable by Gold or Osage in US Dollars under this Agreement shall be paid in Colombia in Colombian Pesos at the TRM (Representative Market Rate) exchange applicable to the payment date.
More Definitions of Representative Market Rate
Representative Market Rate means the weighted average of the buy and sell foreign exchange rates for transactions completed on the previous business day by commercial banks and financial institutions in the Dominican
Representative Market Rate means, with respect to any Calculation Business Day, the Soum
Representative Market Rate means, with respect to any Calculation Business Day, the Soum / U.S. Dollar daily official (market) foreign exchange rate for the previous FX Business Day, expressed as the amount of Soum per one U.S. Dollar and as reported by the Central Bank of the Republic of Uzbekistan (the “CBU”) and published on its website (https://cbu.uz/en or any successor page thereto) (the “CBU Rate”), as determined by the Calculation Agent. In the event that the CBU Rate is unavailable for any Calculation Business Day, then the Calculation Agent shall determine the Representative Market Rate by polling the Reference Banks on the immediately following FX Business Day for the Soum
Representative Market Rate means:
Representative Market Rate. ’ shall mean, with respect to any Calculation Business Day, the Egyptian pound/U.S. dollar weighted average spot rate for interbank transactions executed during the previous FX Business Day, expressed as the amount of Egyptian Pounds per one U.S. dollar and as reported by the Central Bank of Egypt and quoted on page ‘‘FEMF’’ of Reuters as the ‘‘General Weighted Average Spot Rate for USD/Egyptian Pounds at the End of Day’’ (or any successor screen by Reuters) (the ‘‘Central Bank Rate’’), as determined by the Calculation Agent. In the event that the Central Bank Rate is unavailable for any Calculation Business Day, then the Calculation Agent shall determine the Representative Market Rate by polling the Reference Banks for the Egyptian pound/U.S. dollar exchange rate at 12:00 noon Cairo time on such Calculation Business Day for the professional market and taking the arithmetic mean of the polled exchange rates, provided that at least two quotations are obtained (the ‘‘Reference Rate’’).
Representative Market Rate means the average of the buy and sell spot foreign exchange rates as published by the Bank of Jamaica on the Bank of Jamaica’s website at https://boj.org.jm/market/foreign-exchange/search-fx-rates-volumes/ or any successor website established and maintained by the Bank of Jamaica for such purposes. If such exchange rates are not reported by the Bank of Jamaica for any Business Day, then the Representative Market Rate shall be determined based on the exchange rates obtained by Jamaica by polling National Commercial Bank Jamaica Limited, Bank of Nova Scotia Jamaica Limited and FirstCaribbean International Bank (Jamaica) Limited, each located in Jamaica (collectively, the “Reference Banks”) at 16:00 Jamaica time, for such Business Day, by taking the arithmetic mean of the polled exchange rates (such mean, the “Alternative Rate”), provided that if fewer than three Reference Banks provide rates, Jamaica shall obtain rates from at least one other bank that operates in Jamaica, having similar characteristics to the Reference Banks. In the event that any of the Reference Bank ceases to operate in Jamaica, they shall be replaced by Jamaica, for the purpose of determining the Alternative Rate, with subsidiaries or branches of other foreign banks having similar characteristics.
Representative Market Rate means the exchange rate reported by the SBS (www.sbs.gob.pe) of the Republic of Peru as the “Tipo de Cambio Mercado Profesional, Promedio Ponderado (S/)” (as of the date of these Final Terms, this rate is published (a) by the SBS at http://www.sbs.gob.pe/app/pp/sistip_portal/paginas/publicaci on/tipocambiopromedio.aspx and (b) on Bloomberg screen (PEN SBSP Curncy <GO>)); such rate shall be rounded to the fourth decimal place (e.g., 1.0000). If such rate is not available on the relevant Business Day, the average exchange rate in the interbank market of Peru shall be used, expressed as the amount of PEN per USD for settlement on the same day reported by the Peruvian Central Bank (www.bcrp.gob.pe) as the “Tipo de Cambio Interbancario Venta Promedio” at approximately 4:00 p.m., Lima time, or as soon thereafter as practicable, on the relevant Business Day. If such rate is not available on any relevant Business Day, then the Representative Market Rate shall mean the PEN/USD average of the bid and offer rate for USD, expressed as the amount of PEN per one USD, for settlement on the same day, as published on EMTA’s web site (www.emta.org) at approximately 11:00 a.m., Lima time, or as soon thereafter as practicable, on the relevant Business Day. The spot rate shall be calculated by EMTA (or a service provider EMTA may select in its sole discretion) pursuant to the EMTA PEN Indicative Survey Methodology. If such rate