FX Rate means the “noon exchange rate” as reported by the Bank of Canada on any relevant date or if applicable, the rate calculated by the Calculation Agent, between the Canadian dollar and the foreign currencies into which some Reference Shares are denominated, expressed as the amount of Canadian dollars per one unit of foreign currency.
FX Rate means, in respect of an Underlying Security, the prevailing spot rate determined by the Calculation Agent in its sole and absolute discretion as the number of units of the Specified Currency that could be bought with one unit of the currency in which the relevant Underlying Security is quoted on the relevant Exchange on the relevant Valuation Date.
FX Rate means, in respect of any relevant date, the "Spot Exchange Rate", which shall mean a spot rate (expressed as the number of INR (or part thereof) per U.S.$ 1.00) that is an actual foreign exchange transaction (a "Qualifying Transaction") in the Spot Market involving the Currency Pair (or cross-rates constituting such Currency Pair) for settlement in accordance with the convention for the Currency Pair on such relevant date, as determined in good faith and in a commercially reasonable manner by the Calculation Agent. The following shall not be Qualifying Transactions:
Examples of FX Rate in a sentence
USD/Affected Currency FX Rate: Applicable – as specified in FX Linked Condition 4.
USD/Affected Currency FX Rate: As specified in FX Linked Condition 4.
For the avoidance of doubt, the Euro FX Rate or substitute exchange rate as aforesaid may be such that the resulting euro amount is zero and in such event no amount of euro or the original currency will be payable.
Third, as discussed above, the reference used for the Spot FX Rate is very reliable and widely available, and used by numerous market participants.
The Special FX Rate will be applied by Remitly directly to your qualifying transfer and cannot be used on subsequent transfers.
More Definitions of FX Rate
FX Rate means, in respect of any relevant day, the currency exchange spot rate (expressed as the amount of the Reference Currency that a buyer of the Reference Currency would receive per unit of the Base Currency paid by such buyer) determined by the Calculation Agent on the basis of firm quotations for the sale of the Reference Currency and purchase of the Base Currency (where the Base Currency is payable outside of the Reference Entity), sought by the Calculation Agent from the Reference Market Dealers as purchasers of the Reference Currency and sellers of the Base Currency in an amount corresponding to the Final Redemption Amount, the Optional Redemption Amount and/or the Early Payment Amount (as the case may be, and in each case prior to conversion into the Base Currency at the FX Rate and prior to conversion into a proportional amount per Security), at the Valuation Time on such day (the "Reference Market Dealer FX Poll"). The Calculation Agent shall calculate the FX Rate to be the arithmetic mean of such quotations obtained (rounded to the nearest four decimal places, with 0.00005 rounded upwards). If an FX Rate Notice has been duly received by the Issuer prior to such relevant day (for the avoidance of doubt, being on or prior to the FX Rate Notice Cut-Off Date in respect of such day), then the FX Rate shall be the currency exchange spot rate (expressed as the amount of the Reference Currency per unit of the Base Currency) for the sale of the Reference Currency and purchase of the Base Currency (where the Base Currency is payable outside of the Reference Entity), as determined by the Calculation Agent, taking into consideration all available information that it deems relevant, in an amount corresponding to the Final Redemption Amount, the Optional Redemption Amount or the Early Payment Amount (as the case may be, and in each case prior to conversion into the Base Currency at the FX Rate and prior to conversion into a proportional amount per Security), on such day. For the avoidance of doubt, (i) the FX Rate may be such that the resulting USD amount is zero and in such event no USD or EGP amount shall be payable, and (ii) the resulting USD amount cannot in any circumstances be less than zero.
FX Rate means, in respect of a Share, the prevailing spot rate determined by the Issuer in its discretion as the number of units of the Settlement Currency that could be bought with one unit of the currency in which the relevant Share is quoted on the relevant Exchange on the relevant Averaging Date, Initial Averaging Date, Initial Setting Date or Valuation Date, as the case may be.
FX Rate means, unless otherwise specified in the relevant Final Terms, the exchange rate (determined by the Calculation Agent in good faith and in a commercially reasonable manner) for the sale of Relevant Currency for Settlement Currency on the Valuation Date or other date on which such exchange rate falls to be determined in accordance with the provisions of Condition 4(e) expressed as a number of units of Relevant Currency per unit of Settlement Currency;
FX Rate means, as of any date of determination, the applicable currency-USD rate, as determined by the Administrative Agent in a commercially reasonable manner.
FX Rate means, in respect of any relevant day, the bid-level spot month forward outright rate of one currency for another currency expressed as a number of units of the Reference Currency (or fractional amounts thereof) per unit of the Base Currency (for settlement in 30 calendar days and/or calculated and/or published by the FX Rate Sponsor), which appears on the FX Forward Price Source (as defined in the Pricing Supplement) at approximately the applicable Valuation Time on such day, or such other rate specified or otherwise determined as provided in the relevant Pricing Supplement.".
FX Rate means the rate of exchange for the conversion of the Reference Currency to the Settlement Currency as may be specified by the Issuer.
FX Rate shall have the meaning provided in Section 1.2(l).