Average Spot Rate definition
Average Spot Rate means, in respect of an Averaging Period, an amount calculated by the Calculation Agent equal to the weighted average of the Local Currency/ USD spot rate of exchange (expressed as the number of Local Currency (or part thereof) per one USD) on each Averaging Date in such Averaging Period, such weighted average to be weighted by the amount of Local Currency actually converted on such Averaging Date, as determined by the Calculation Agent. The Issuer shall attempt to convert the Relevant Local Currency Amount pursuant to the foregoing on each Averaging Date in the relevant Averaging Period by reference to such source(s) and at such time on each Averaging Date as it may select acting in good faith and a commercially reasonable manner;