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.

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

• The Calculation Agent shall deliver an Adjustment Notice including the details of each such Instalment Amount and any such adjustments to the Outstanding Aggregate Nominal Amount to the Custodian and the Issuing and Paying Agent pursuant to paragraph 2.9 above.‌ 3.2 Settlement‌ (a) All payments under the Notes shall be made in the Settlement Currency by converting amounts received by or on behalf of the Issuer in the Specified Currency into the Settlement Currency at the Applicable Spot Rate.

• In all circumstances after an Event of Default, all payments and all proceeds of Collateral shall be applied to amounts then due and payable in the following order: (1) to Fees and Agent’s expenses reimbursable hereunder; (2) to interest on the Loans, ratably in proportion to the interest accrued as to each Loan; and (3) to all other Obligations hereunder on a ratable basis, including expenses of Lenders to the extent reimbursable under Section 12.3.

• If a Transfer Restriction Event that is neither an Issuer Transfer Restriction Event nor a Vendor Transfer Restriction Event occurs, then the Vendor, FX Conversion Agent or Disposal Agent, as applicable, shall instruct the Custodian to determine 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, 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.

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, in respect of any Tranche Period, the rate of exchange of dollars required to purchase one pound at the rate of exchange specified as applicable on the first day of such Tranche Period in the relevant Spot Contract.

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 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.