Applicable Spot Rate definition

Applicable Spot Rate means the spot rate for any Euros, as calculated by the Borrower and delivered pursuant to Clause 5.1(c) by referencing the last available Euros to Dollars exchange rate quoted on Bloomberg page “€ Currency HP” or its successor page.

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Applicable Spot Rate means the prevailing spot exchange rate, expressed as the amount of Specified Currency for one Settlement Currency, executed by the Selected Conversion Entity on the FX Valuation Date for settlement on the FX Settlement Date.

Applicable Spot Rate means, as applicable:

Examples of Applicable Spot Rate in a sentence

• With respect to any amount denominated in Canadian Dollars computed at any time, the equivalent amount thereof in U.S. Dollars as determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the basis of the Applicable Spot Rate (determined in respect of the most recent Revaluation Date).

• The Borrower shall procure that the EUR proceeds received from the Hedging Euros Purchase and the Applicable Spot Rate Euros Purchase are paid directly into the EUR Funding Account no later than the Business Day immediately preceding the then Scheduled Delivery Date.

• The conversion of values from any other currency to U.S. dollars shall be effected based upon the Applicable Spot Rate.

• As promptly as reasonably possible, but in any event within sixty (60) days after the Closing Date, the Parent shall deliver to the Representative a statement showing the Cash, Closing Indebtedness, Net Working Capital, Transaction Expenses, Company Transaction Expenses, Sellers Transaction Expenses (the “Closing Statement”), in each case with any amounts in Canadian dollars converted to U.S. dollars at the Applicable Spot Rate as of the fifth (5th) Business Day prior to the anticipated Closing Date.

• The conversion of values from any other currency to United States dollars shall be effected based upon the Applicable Spot Rate.

More Definitions of Applicable Spot Rate

Applicable Spot Rate means, with respect to any non-U.S. currency, the exchange rate published in The Financial Times on the date hereof as the mid-point closing U.S. dollar exchange rate with respect to such currency for the most recent prior Business Day.

Applicable Spot Rate means, with respect to the conversion of one currency into another currency, the spot rate of exchange for such conversion as quoted by Reuters at the close of business on the date of the Adjustment Time, if no such rate is quoted that day, on the last prior day for which such rate is quoted.

Applicable Spot Rate means the prevailing spot exchange rate for the conversion of EGP into USD, expressed as the amount of EGP per USD 1.00, determined by (i) the Calculation Agent on the relevant FX Valuation Date as being the rate executable by the FX Conversion Agent in accordance with the FX Conversion Procedure (as defined below), provided that a Transfer Restriction Event has not occurred or (ii) for the purposes of determining the Early Cash Redemption Amount only, the Disposal Agent on the relevant FX Valuation Date as being the rate that is executable by the Disposal Agent provided that a Transfer Restriction Event has not occurred, in each case acting in good faith and in a commercially reasonable manner. In the event that a Transfer Restriction Event has occurred and no later than the date falling the first Business Day following the relevant Collateral Component Payment Date or Early Valuation Date, as applicable (such date, the "FX Conversion Method Determination Date"), the FX Conversion Agent or the Disposal Agent, as the case may be, has notified the Custodian and informed the Custodian of the relevant FX Valuation Date, then the Custodian (who may rely upon its Egyptian sub-custodian if it instructs the sub-custodian to effect the relevant currency conversion), will arrange to convert the relevant aggregate amounts of Specified Currency into an equivalent aggregate amount of Settlement Currency as of the FX Valuation Date and notify the FX Conversion Agent, Calculation Agent and/or the Disposal Agent (as the case may be) of such spot exchange rate in writing by no later than the FX Valuation Date and the spot exchange rate used for such conversion (which, for the avoidance of doubt, may take into account any costs and charges of the Custodian and sub-custodian) shall be the "Applicable Spot Rate". The Applicable Spot Rate will be deemed not to be a Reference Rate for purposes of the Master Conditions. The Calculation Agent, the Disposal Agent and the Custodian, as the case may be (the Calculation Agent, the Disposal Agent and the Custodian, as the case may, being the "Selected Conversion Entity") shall make reasonable efforts to convert the relevant EGP amounts into USD on the relevant FX Valuation Date. Credit Suisse International and the Issuer have, however, each acknowledged that such conversion may be delayed due to, for example, a delay in receiving such EGP amounts. If such conversion is delayed, the Selected Conversion Entity will convert the relevant...

Applicable Spot Rate means, with respect to the conversion of one currency into another currency as of any date, the average of the closing spot rate of exchange for such conversion as quoted by Reuters as of 11:59 p.m. New York City time for the five (5) Business Day period ending on the Business Day immediately preceding such date.

Applicable Spot Rate means the Tokyo spot rate in effect the date five (5) Business Days prior to the date hereof for the Yen equivalent of the local currency as applicable.

Applicable Spot Rate on any date, with respect to any amount denominated in an Alternative Currency, the amount of Dollars into which such amount may be converted at the spot rate at which Dollars are offered to the Tranche A Issuing Lender in New York, New York for the Alternative Currency in which such amount is denominated at approximately 11:00 a.m. (New York time) on such day or if such day is not a Business Day, on the immediately preceding Business Day, and as determined as provided in the definition of “Dollar Equivalent”.

Applicable Spot Rate means, with respect to any non-US. currency, the exchange rate published in the Wall Street Journal based on the five (5) Business Day period ending three (3) Business Days prior to the Closing Date.