Examples of Exchange Reference Rate in a sentence
The Exchange Reference Rate will be determined by the Calculation Agent in its sole discretion, acting in good faith and in an impartial and in a commercially reasonable manner in accordance with its normal procedures for determining such exchange rate (or a comparable exchange rate) at such time.
If fewer than two quotations are provided, the Exchange Reference Rate will be determined by the Calculation Agent in its sole discretion, acting in good faith and in an impartial and in a commercially reasonable manner in accordance with its normal procedures for determining such exchange rate (or a comparable exchange rate) at such time.
If none, or only one, of the Reference Dealers provides such a firm quote, the relevant Exchange Reference Rate shall be determined by the Calculation Agent in its discretion, acting in good faith and in a commercially reasonable manner.
In order to establish that the Cover Amount is less than the Guarantee Amount the Cover Amount shall be converted into the currency of the Guarantee Amount at the Euro Foreign Exchange Reference Rate published by European Central Bank subject to the provisions on application of this rate set out in the General Terms.
Last month Superintendent Roosevelt fulfilled the third goal when the Board passed unanimously his General Fund Budget for 2006.