Xxxx of Exchange definition

Xxxx of Exchange means (a) any negotiable instrument in the form of a xxxx of exchange (lettre de change, effet de commerce, letra de cambio) or promissory note (billet à ordre, xxxxxx) or (b) in the case of any UK Seller, a xxxx of exchange as defined in the Bills of Exchange Act 1882 or (c) in the case of the German Seller, any bills of exchange (gezogene Wechsel) issued by such German Seller (with full liability) and accepted by the relevant debtor and blank-endorsed by such German Seller at a place in Germany or promissory notes (eigene Wechsel) issued and accepted by the relevant debtor and blank-endorsed by such German Seller at a place in Germany (with full liability), provided that (i) any such xxxx of exchange has been issued pursuant to the German Bills of Exchange Act (as in effect on the relevant purchase date), and complies with all requirements as to form under the German Bills of Exchange Act (formell ordnungsgemäßer Wechsel) and is free of any corrections; (ii) the currency of the Xxxx of Exchange is Euro; and (iii) the Xxxx of Exchange is fully enforceable against the relevant debtor, freely transferable, and free from any liens or other rights of third parties, or their equivalent issued by a Seller in connection with any Remaining Purchasable Receivables.
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Xxxx of Exchange means any or all of the bills of exchange drawn by SIF and accepted by the Borrower pursuant to Clause 3.1
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Xxxx of Exchange means any financial instrument common in international trade, such as drafts, bills of exchange, or trade or documentary acceptances.
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Examples of Xxxx of Exchange in a sentence

  • Nissho agrees that its Agent will enter into Bills of Exchange within three (3) days of product shipment with Displaytech's Xxxx of Exchange bank.

  • Payment in U.S. dollars or yen, as agreed to by the parties and using exchange rates as agreed to by the parties, shall be made thirty (30) days after the date of shipment, to Displaytech's Xxxx of Exchange bank.

  • The duration of each Discount Period shall be as specified in the Request for Payment being either 30 days or 60 days and equal to the period to maturity of the Xxxx of Exchange in consideration for which the Payment is made, provided that no Discount Period shall end on a date which falls after the Final Maturity Date.

  • Payment shall be made fifteen (15) calendar days after signing the “Accepted” portion of the Xxxx of Exchange by the PITC.

  • In any proceedings taken in Thailand in relation to the Xxxx of Exchange, the choice of English law as the governing law of the Xxxx of Exchange and any judgment obtained in England will, subject to applicable laws, be recognised and enforced.

  • Browse more Topics under Xxxx Of Exchange ● Meaning of Xxxx of Exchange and Promissory Note ● Maturity, Discounting, and Endorsement of Xxxx ● Basics of Accounting Treatment ● Renewal and Retiring of the Xxxx ● Dishonour of a Xxxx Dat From Wher Du e whom Draw Accept e Ter e Ledger of receiv er or payab m dat folio Xxxx ed le e The performa of a bills receivable book is given below N o.

  • Under the laws of Thailand in force at the date hereof, it is not necessary that the Xxxx of Exchange be filed, recorded or enrolled with any court or other authority in [ ] or that any stamp, registration or similar tax be paid on or in relation to the Xxxx of Exchange.

  • Subject to Section 3.01 the Banks shall, on the .Payment Date, advance the Discounted Amount of the relevant Xxxx of Exchange to the Company by crediting the Discounted Amount to the Revenue Account.

  • Yours faithfully, LLOYDS TSB BANK PLC as agent for and on behalf of [Names of all Issuing Lenders including Agent] By: Name: Title: ([Sterling/Dollars]) Total Value ____________ Form of Demand (Pounds Sterling) [on Lloyd’s letterhead] Dear Sir/Madam With reference to the above, we enclose for your attention a Xxxx of Exchange, together with the respective Letter of Credit.

  • Under the laws of Germany in force at the date hereof, the claims of the Agent and the Banks against us under the Xxxx of Exchange will rank at least pari passu with the claims of all our other unsecured creditors.


More Definitions of Xxxx of Exchange

Xxxx of Exchange means any negotiable instrument in the form of a xxxx of exchange (lettre de change, effet de commerce, letra de cambio) or promissory note (billet a ordre, xxxxxx) or, in the case of any German Seller, any bills of exchange (gezogene Wechsel) issued by such German Seller (with full liability) and accepted by the relevant debtor and blank-endorsed by such German Seller at a place in Germany or promissory notes (eigene Wechsel) issued and accepted by the relevant debtor and blank-endorsed by such German Seller at a place in Germany (with full liability), provided that (i) any such xxxx of exchange has been issued pursuant to the German Bills of Exchange Act (as in effect on the relevant purchase date), and complies with all requirements as to form under the German Bills of Exchange Act (formell ordnungsgema(beta)xx Xxxxxxx) and is free of any corrections; (ii) the currency of the Xxxx of Exchange is Euro; (iii) the Xxxx of Exchange is fully enforceable against the relevant debtor, freely transferable, and free from any liens or other rights of third parties, or their Italian equivalent issued by a Seller in connection with any Purchasable Receivables.
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Xxxx of Exchange means a xxxx of exchange in the form of Exhibit 2 drawn by the Company and accepted by an Offtaker naming the Agent in its capacity as agent for and on behalf of itself and the Banks as payee.
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Xxxx of Exchange means a xxxx of exchange (as defined in the Bills of Exchange Xxx 0000 (Cth)).
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Xxxx of Exchange means a xxxx of exchange (as defined in the Bills of Exchange Act 1909 (Cth)) (Australia) as amended.
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Related to Xxxx of Exchange

  • Notice of Exchange means the Notice of Exchange substantially in the form of Exhibit B to this Agreement.

  • rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, the relevant currency.

  • rate(s) of exchange means the rate of exchange quoted by Reuters at 10:00 a.m. (New York time) for spot purchases of the Base Currency with the Judgment Currency other than the Base Currency referred to in subsections (b)(1) and (b)(2) above and includes any premiums and costs of exchange payable.

  • Out of Exchange LEC (OE-LEC) means a LEC operating within AT&T-21STATE’s incumbent local Exchange Area that provides Telecommunications Services utilizing NPA-NXXs identified to reside in a Third Party ILEC’s local Exchange Area.

  • spot rate of exchange shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, United States dollars.

  • Agent’s Spot Rate of Exchange means the Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • Out of Exchange Traffic is defined as local, transit, or intraLATA traffic to or from a non- AT&T-21STATE ILEC Exchange Area.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Currency exchange means receipt of revenues from the exchange of money of one government for money of another government.

  • Judgment Currency has the meaning specified in Section 10.19.

  • Spot Market means a commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, and other non-financial markets, such as forward markets for commodities;

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • the London Stock Exchange means London Stock Exchange plc;

  • Second Currency has the meaning specified in Section 14.19.

  • Foreign Exchange Rate means for any day that rate for the currency in question as published at 12:00 Eastern Standard Time, by the Bank of Canada in the City of Ottawa.

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Derivatives Exchange means Chicago Board Options Exchange. "Interest Rate" means USD LIBOR O/N (overnight).LIBOR stands for London InterBank Offered Rate. LIBOR is an average interest rate based on infor- mation submitted by the contributing banks. The panel banks indicate the interest rates at which they are able to refinance their own interbank activities in the relevant currency for the relevant term on an unsecured basis. To calculate the reference interest rate, the highest and lowest quar- tiles of these interest rates are eliminated, and the remaining interest rates are averaged. LIBOR is calculated for 7 different terms and 5 different currencies. The LIBOR interest rates (ICE Libor) are administered by ICE Benchmark Administration Limited (IBA) and determined each business day at 11 a.m. (London time). LIBOR O/N (overnight) stands for terms of 1 day.If the Interest Rate is not set or published on an Index Calculation Day, the Interest Rate applied on the immediately preceding Index Calculation Day is used to calculate the index in accordance with section C).If the Interest Rate has neither been set nor published for ten consecutive Index Calculation Days, the Index Calculation Agent has the right and obligation to stipulate in its reasonable discretion an alternative relevant Interest Rate which has functions comparable to the previous Interest Rate.

  • First Currency has the meaning specified in Section 1.15.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Applicable Exchange Rate means, with respect to any Contract denominated and payable in Euros or GBPs on any day, the lesser of (a) the applicable currency Dollar spot rate used by the Borrower (as determined by the Collateral Manager) to acquire such currency on the date such Contract is included in the Borrower Collateral and (b) the Applicable Conversion Rate for such currency.

  • London Stock Exchange means London Stock Exchange plc;