Fix Rate definition
Examples of Fix Rate in a sentence
The amount of partner commission from trade by clients having "Fix Rate" option turned on is calculated the following way: The commission, counted by taking into consideration the traded volume multiplied by ("Fix Rate" rate divided by current rate).
Nothing in this Clause 7.8 shall prevent the Seller (or any of its attorneys from time to time) from setting a higher Northern Rock Standard Variable Rate (or in the case of the Existing Borrowers' Re-Fix Rate setting a higher rate and imposing terms more advantageous to the Mortgages Trustee) than those to be set or required by the Mortgages Trustee, Funding and (other than in respect to an Existing Borrower's Re- Fix Rate) the Security Trustee.
Such conversion shall be calculated using the USD/MYR exchange rate based on the London 4 p.m. Fix Rate (“FX rate”) (as published by Bloomberg), averaged over the prior calendar month, meaning the arithmetic mean of the daily London FX rate during the immediately preceding calendar month.
Maker may only exercise the Fix Rate Option if no Event of Default exists as of the Fixed Rate Determination Date or the Fixed Rate Adjustment Date.
Such payment shall be made in cash, or by check, in US Dollars in two parts and shall be converted to the Mexican Peso equivalent by reference to the Fix Rate effective for the date of payment.
Mandatory Additional Contributions, to the extent actually received, shall be counted against Annual Limits as of the 120th day after the date of the relevant Offer (defined below) , and any conversion necessary from Mexican Pesos to US Dollars for the purpose of counting such Additional Contribution against the Annual Limit shall be made by reference to the Fix Rate last published before the 120th day after the date of the relevant Offer.
In the case of payment in Mexican Pesos, such payment shall be converted from US Dollars to Mexican Pesos by reference to the Fix Rate last published before the date of payment.
Such payment shall be made in cash, in US Dollars in two parts and shall be converted to the Mexican Peso equivalent by reference to the Fix Rate effective for the date of payment.
The final Fixed Loan Year may be less than twelve full calendar months depending on when the Maker elects to exercise its Fix Rate Option, but such partial year shall still be considered to a Fixed Loan Year.
Fix Rate in accordance with its powers under the Mortgage Sale Agreement.