Foreign Currency Rate means, in relation to any Interest Period and the related Foreign Currency Borrowing, the applicable LIBO Rate for that Interest Period of that Borrowing; provided, that the aforesaid shall be subject to Section 2.13.

Foreign Currency Rate means, with respect to any Foreign Currency Rate Loan, the interest rate per annum at which deposits in that Foreign Currency are offered to the Administrative Agent in the Designated Foreign Currency Market at 11:00 A.M. (London time) two (2) Foreign Currency Banking Days before the first day of the applicable Foreign Currency Period in an aggregate amount approximately equal to the amount of the Loan to be made with respect to such Foreign Currency Rate Loan and for a period of time comparable to the number of days in the applicable Foreign Currency Period.

Foreign Currency Rate means the offered rate for deposits in the applicable Available Foreign Currency for a one, two or three month period with respect to any Multicurrency Loan as quoted on the Telerate System subscribed to by the Administrative Agent, and which appears on Telerate Page 3750 of the Telerate System Incorporated Service for German Deutsche Marks, Japanese Yen and United Kingdom Pounds Sterling, and Telerate Page 3740 of the Telerate System Incorporated Service for Italian Lira, French Francs and Spanish Pesetas (or such other page of the Telerate System on which any applicable Available Foreign Currency then appears), as of 11:00 a.m., London time, two (2) Business Days prior to the beginning of the applicable Interest Period. If the one, two or three month Foreign Currency Rate pertaining to an Available Foreign Currency is unavailable on the Telerate System, then such rate shall be determined by and based on any other interest rate reporting service of generally recognized standing designated by the Administrative Agent to the Borrower. The Foreign Currency Rate may be adjusted by the Administrative Agent for any applicable reserve requirements or withholding taxes.

Examples of Foreign Currency Rate in a sentence

Foreign Currency Rate RiskThe possible effect on net earnings and OCI, due to changes in foreign exchange rates associated with financial instruments denominated in currencies other than the Corporation’s functional currency is outlined below.
No. Foreign Currency Rate of exchange of 100 unitsof foreign currency equivalent to Indian rupees(1) (2) (3)1.
The leaves were wounded using scalpel (two young and two old leaves) or sandpaper (two young and two old leaves) for mechanical scratching.
Each Foreign Swingline Loan shall bear interest at the Overnight Foreign Currency Rate.
Foreign Currency Rate Risk ManagementThe Corporation uses foreign exchange forward contracts to hedge a portion of its future foreign-denominated receipts and expenditures, and both foreign exchange forward contracts and cross-currency swaps to manage foreign exchange exposure on foreign-denominated debt not designated as a net investment hedge.

More Definitions of Foreign Currency Rate

Foreign Currency Rate when used with respect to a Borrowing made by a lending office located in the United Kingdom shall be calculated to include the MLA Costs.

Foreign Currency Rate means, in relation to any Interest Period and the related Foreign Currency Borrowing (other than a Foreign Currency Borrowing denominated in Mexican Pesos):

Foreign Currency Rate when used with respect to a Borrowing made by a lending office located in the United Kingdom shall be calculated to include the MLA Costs. The “Foreign Currency Rate” with respect to a Foreign Currency Borrowing denominated in Mexican Pesos with respect to the Interest Period therefor shall be the rate at which deposits of Mexican Pesos in the amount of such Foreign Currency Borrowing and for a maturity comparable to such Interest Period are offered to the applicable Foreign Currency Office of the Administrative Agent in immediately available funds in the London interbank market, European interbank market or other market (in each case as determined by the Administrative Agent) at approximately 11:00 a.m., the applicable Foreign Currency Office time, two Business Days prior to the commencement of such Interest Period (or at such other time and day as the Administrative Agent may determine).

Foreign Currency Rate with respect to a Foreign Currency Borrowing denominated in Mexican Pesos with respect to the Interest Period therefor shall be the rate at which deposits of Mexican Pesos in the amount of such Foreign Currency Borrowing and for a maturity comparable to such Interest Period are offered to the applicable Foreign Currency Office of the Administrative Agent in immediately available funds in the London interbank market, European interbank market or other market (in each case as determined by the Administrative Agent) at approximately 11:00 a.m., the applicable Foreign Currency Office time, two Business Days prior to the commencement of such Interest Period (or at such other time and day as the Administrative Agent may determine).

Foreign Currency Rate means either the LIBOR rate or the FCNR(B) rate or other appropriate benchmark rate;

Foreign Currency Rate means, in relation to the term of each Foreign Currency Advance, a fixed per annum rate for such term equal to the quotient produced by dividing (a) the sum of (i) the percentage rate of interest determined by Bank at or about 10:00 a.m. Austin, Texas time on the second Business Day preceding the anticipated date of advance, to be the per annum rate at which deposits of the type of foreign currency denominated during such term are offered to Bank by prime banks in the London foreign currency deposits market, at the time of determination and in accordance with the usual practice in such market, for delivery on the first day of such term and for the number of days comprised therein, in amounts of such currency equal (as nearly as may be) to the principal amount of the advance, and (ii) an additional percentage rate of interest not to exceed one-half of one percent (1/2 of 1%) per annum to compensate Bank for making advances having a Dollar Equivalent of less than $1,000,000.00 each, by (b) the remainder produced by subtracting the Eurodollar Reserve Percentage (expressed as a decimal in one hundredths [e.g., 100% = 1.0; 1.0% = .01; etc.]) from 1.0.