First Currency definition

First Currency has the meaning specified in Section 1.15.

First Currency has the meaning specified in Section 115.

First Currency means the currency appearing first in the definition of the relevant Rate of Exchange or, in the case of a Rate of Exchange referring to more than two currencies, the currency referred to first in each constituent rate of such Rate of Exchange.

Examples of First Currency in a sentence

• Accordingly, I will be liable to CMI in an additional cause of action to recover in the Other Currency the amount (if any) by which that effective receipt falls short of the full amount of the First Currency so payable, without being affected by any judgment obtained for any other sums due.

• My liability to pay CMI in a particular currency (the “First Currency”) will not be discharged or satisfied by any tender or recovery under any judgment expressed in or converted into any other currency (the “Other Currency”) except to the extent the tender or recovery results in CMI’s effective receipt of the full amount of the First Currency so payable.

• If such rate does not appear on the FX Page or such FX Page is not available at the relevant time, the foreign exchange rate shall be the spot exchange rate of the Currency Pair, expressed as a number of the First Currency per Specified Unit of the Second Currency, that appears on the Fallback FX Page as of the FX Rate Determination Time on the relevant FX Rate Determination Date.

• If such rate does not appear on the FX Page or such FX Page is not available at the relevant time, the foreign exchange rate shall be the Spot Exchange Rate of the Currency Pair, expressed as a number of the First Currency per Specified Unit of the Second Currency, that appears on the Fallback FX Page as of the FX Rate Determination Time on the relevant FX Rate Determination Date.

• If the foreign exchange rate is to be determined on the basis of an FX Page, such rate shall be the Spot Exchange Rate of the Currency Pair, expressed as a number of the First Currency per Specified Unit of the Second Currency, that appears on the FX Page as of the FX Rate Determination Time on the relevant FX Rate Determination Date.

More Definitions of First Currency

First Currency has the meaning given to it in clause 17.1 (Currency indemnity).

First Currency means the currency specified in the applicable Final Terms as defined in the ISDA Definitions.

First Currency has the meaning given to it in Clause 12.1(a).

First Currency has the meaning ascribed to it pursuant to Section 15.1;

First Currency has the meaning attributed to it in the definition of Equivalent Amount in Section 1.1.

First Currency as defined in Section 10.4(b).

First Currency has the meaning specified in Section 1.5.