SETTLEMENT PROVISIONS. Settlement: Non-deliverable, with the effect that any Reference Currency amounts payable hereunder on a Settlement Date shall be converted into Settlement Currency amounts by reference to the Settlement Rate Option on the applicable Valuation Date. All payments (including exchanges) hereunder shall be made in the Settlement Currency. Settlement Rate Option: BRL PTAX (BRL09). Reference Currency: BRL. Settlement Currency: USD.
Appears in 2 contracts
Sources: Non Deliverable Cross Currency Swap Transaction (Arcos Dorados Holdings Inc.), Non Deliverable Cross Currency Swap Transaction (Arcos Dorados Holdings Inc.)