Fixed Currency Exchange Rate definition

Fixed Currency Exchange Rate means, with respect to a Valuation Obligation comprised in the Valuation Obligation Portfolio of which the Obligation Currency is not EUR, the rate for converting EUR into such Obligation Currency, as determined at the sole discretion of and in good faith by the Credit Event Determination Agent on the date on which the relevant Valuation Obligation Notice is given or, as applicable, amended to include such Valuation Obligation.
Sample 1
Fixed Currency Exchange Rate means, in respect of any Reference Obligation included in the Reference Portfolio which is denominated in a currency other than GBP, the rate for converting the currency of denomination of such Reference Obligation into GBP being:
Sample 1
Fixed Currency Exchange Rate means in respect of any Reference Obligation included in the Reference Portfolio which is denominated in a currency other than euro, the rate for converting the currency of denomination (or in the case of a CDS Reference Obligation, the settlement currency) of such Reference Obligation into euro, as determined by the Determination Agent as applicable on the date that such Reference Obligation was added to the Reference Portfolio either (i) using the MEAN price as displayed on Reuters Page EUROFX/1 as of 12.00pm (London time) on the date that the relevant Reference Obligation was added to the Reference Portfolio by the Portfolio Administrator or (ii) in such other commercially reasonable manner as shall be notified by the Determination Agent to the Issuer, the Trustee, the Swap Counterparty, the Rating Agency and the Portfolio Administrator.
Sample 1

Examples of Fixed Currency Exchange Rate in a sentence

  • If a Reference Obligation which is included in the Reference Portfolio is the subject of a Replenishment, it will have a separate Fixed Currency Exchange Rate attributable to that Replenishment.

  • The Buyer shall convert the Fixed Amount Adjustment into Euros at the Fixed Currency Exchange Rate on that Payment Date, as determined by the Buyer in its sole discretion (absent manifest error), and shall pay such amount to the Seller on the next Fixed Rate Payer Payment Date following the Fixed Amount Adjustment Date.

  • Fixed Currency Exchange Rate: USD 1.20 per EUR 1.00 Payment Dates: Each March 20, June 20, September 20 and December 20, commencing on March 20, 2006 and ending on and including the earlier to occur of the Scheduled Termination Date and the Termination Date.

  • For the avoidance of doubt, in the event that an Early Termination Date is designated or occurs, the amount payable pursuant to Section 6(e) shall include, without duplication, the total losses and costs (or gains, in which case expressed as a negative number) of the Buyer of terminating or liquidating any foreign exchange currency hedging relating to any Fixed Currency Exchange Rate.

  • Under the Swap Agreement, on the same day, the Swap Counterparty will pay to the Issuer (and the Issuer will pay to the Holders) an amount in Euros equal to (a) the Potential Payable Credit Protection Payment minus the related Cash Settlement Amount plus (b) interest payments thereon as determined under the Swap Agreement, converted to Euros at the Fixed Currency Exchange Rate.

  • If a Reference Obligation which is included in the Reference Portfolio is the subject of an Addition or a Replenishment, it will have a separate Fixed Currency Exchange Rate attributable to that Addition or Replenishment.

Related to Fixed Currency Exchange Rate

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.

  • Exchange Rate means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Agreement, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Market Exchange Rate means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit in order to make payments in respect of such securities.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.

  • Applicable Exchange Rate means with respect to any Collateral Obligation denominated and payable in Euros, GBPs, AUDs or CADs on any day, the lesser of (a) the applicable currency-Dollar spot rate used by the Borrower (as determined by the Investment Manager) to acquire such currency on the related Cut-Off Date and (b) the Applicable Conversion Rate for such currency.

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Index Currency means USD.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).