Common use of Target Rate Clause in Contracts

Target Rate. If the exchange rate specified in the Limit Order (“Target Rate”) does not become sustainable and purchasable during the Effective Period, the Limit Order will automatically expire at the end of the Effective Period. The Target Rate must be traded in the market with volume sufficient to sustain that rate level for a commercially reasonable timeframe. Unless otherwise stated by Corpay Singapore, Limit Orders will remain in force until 2:59 p.m. Corpay Local Time on the last day of the Effective Period.

Target Rate. If the exchange rate specified in the Limit Rate Order (“Target Rate”) does not become sustainable and purchasable during the Effective Period, the Limit Rate Order will automatically expire at the end of the Effective Period. The Target Rate must be traded in the market with volume sufficient to sustain that rate level for a commercially reasonable timeframe. Unless otherwise stated by Corpay Singapore, Limit Rate Orders will remain in force until 2:59 p.m. Corpay Local Time on the last day of the Effective Period.