Examples of spot rate of exchange in a sentence
The General Partner shall be entitled (but not obliged), on each Closing, to conduct a notional conversion of the Capital Contribution made by each of the Limited Partners admitted or to be admitted to the Partnership on such Closing into [•] at the Spot Rate of Exchange applicable on the Initial Closing Date, and shall in the event that any such conversion occurs use such sterling equivalent for the purpose of notifying the Registrar pursuant to the Act.
For the purpose of, or pending the discharge of, any of the obligations the Common Paying Agent may convert any moneys received or recovered by the Common Paying Agent in a currency (such as US dollars or Japanese Yen) other than the currency of account in which such obligations were due into the currency of account at the Common Paying Agent's Spot Rate of Exchange.
The number of Issuer Shares the Issuer must deliver or issue to the CB Holder on the Settlement Date shall be equal to: A / B where: A = the HK$ equivalent (calculated at the Agreed Spot Rate of Exchange) of the amount of the CB to be converted as indicated in the Conversion Notice (the “Conversion Amount”); and B = the Conversion Price as at the date of the Conversion Notice.
Any currency exchange for the purposes of this Clause 9.5 shall be undertaken at the Spot Rate of Exchange.
The Facility Agent must notify the Lenders and the Parent of the relevant US Dollar Amount (and the applicable Facility Agent’s Spot Rate of Exchange) promptly after they are ascertained.