Countervalue definition

Countervalue means, in relation to a Notional Quantity of a Precious Metal, the amount which the Bank determines in its absolute discretion to be the amount in the agreed reference currency which would have been required to be paid to purchase that Notional Quantity (in the case of a purchase) of such Precious Metal from the market or the amount which would have been realisable from the market upon the sale of that Notional Quantity (in the case of a sale) of such Precious Metal, in each case, net of all expenses of sale;

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Countervalue. Means, with respect to each "TRANSACTION", the amount in "PESOS", resulting from multiplying the amount of "CURRENCY" by the "EXCHANGE RATE". "BUSINESS DAY(S)" - The banking business day(s) both in the United Mexican States and in the market(s) in which the "CURRENCIES" object of the "TRANSACTION" are delivered or received.

Countervalue. Means, in regard to each Transaction, the amount in Pesos, that results from multiplying the amount of Currencies by the Exchange Rate.

Examples of Countervalue in a sentence

• Derived from each one of the Transactions, the parties will carry out spot sales and purchases of Foreign Currency, in which, depending on the nature in which they act, either as sellers, they will transfer the ownership of the Foreign Currency or, as buyers, they will pay for them the corresponding Countervalue, precisely on the Settlement Date and according to the Exchange Rate agreed for each one of the Transactions.

• For purposes of this "Agreement", a Transaction shall be deemed to have been entered into when it is agreed at least: (i) the amount and type of Currency, which will be the object of sale and purchase in the Transaction in question; (ii) the Exchange Rate to determine the Countervalue of the Transaction; (iii) the Execution Date and (iv) the Settlement Date.

• Any Draw Notification must be made for a minimum Amount Drawn of EUR 100,000,000 (one hundred million Euros) or its Counter-value in USD.

• Subject to the stipulations of this Agreement, the Lender grants to the Borrower a loan for a total maximum amount of FRF 13,200,000,000 (thirteen billion, two hundred million French francs) or its Counter-value in USD.

• Delinquent Charges - These are the costs that "INTERCAM BANCO" will charge the "CUSTOMER" in accordance with the provisions of this "Agreement", in case the "CUSTOMER" does not settle the Countervalue of the Transactions it carries out.

• Countervalue Targeting: The threat to use nuclear weapons to destroy cities.

• Transaction: That purchase and sale in which the conditions of the transaction are stipulated (Currency, Exchange Rate, Countervalue and Settlement Date) and the Currencies and their Countervalue are delivered on the Settlement Date, as well as transactions entered into with Precious Metals.

• When the Customer buys a Daily Option, the Customer shall undertake to pay the Bank the Countervalue which represents the value of the Premium multiplied by the number of Lots.

More Definitions of Countervalue

Countervalue means, in relation to a Notional Quantity of a Commodity, the amount which the Bank determines, in its absolute discretion, to be the amount in the agreed reference currency which would have been required to be paid to purchase that Notional Quantity (in the case of a purchase) of such Commodity from the market or the amount which would have been realizable from the market upon the sale of that Notional Quantity (in the case of a sale) of such Commodity, in each case net of all expenses of sale;