Initial Exchange Rate definition

Initial Exchange Rate means the Exchange Rate determined by the Bank on the day, time and manner specified as such in the Bank’s term sheet for such CPI Deposit;

Initial Exchange Rate means an exchange rate published by the Corporation in accordance with the Prospectus that is equal to the weighted average of the ILS/USD exchange rates of all the transactions as determined and completed by the Bank(s) through which the proceeds from the Offering that are not used to pay expenses denominated in ILS are converted to USD in accordance with the Prospectus.

Initial Exchange Rate means the Exchange Rate at the Valuation Time on the Issue Date;

Examples of Initial Exchange Rate in a sentence

• If the Final Exchange Rate is greater than or equal to the Initial Exchange Rate, the Conditional Supplemental Payment will be zero.

• If the Final Exchange Rate is less than the Initial Exchange Rate but also less than the Threshold Value, the Conditional Supplemental Payment will equal $0.30 (the “Threshold Payment”).

• If, on any Holder Redemption Date, the Series L Distribution Conditions are not satisfied or the Corporation is otherwise not permitted to pay distributions on the Series L Preferred Stock, the Holder Redemption Price shall be equal to 100% of the Series L Stated Value (as converted to USD at the Initial Exchange Rate) and a redeeming holder shall forfeit any accrued and unpaid distributions on the Series L Preferred Stock on all shares redeemed on the Holder Redemption Date.

• Subject to the provisions of this Section 6, from and after the fifth anniversary of the date of original issuance of any shares of Series L Preferred Stock, the Corporation may, at its option, redeem such shares, in whole or, from time to time, in part, at a redemption price equal to 100% of the Series L Stated Value (as converted to USD at the Initial Exchange Rate), plus all accrued and unpaid distributions, if any, to and including the Distribution Cutoff Date (the “Corporation Redemption Price”).

• The Issue Price will be payable in the Settlement Currency with the Denomination Currency amount being converted into the Settlement Currency at the Initial Exchange Rate.

More Definitions of Initial Exchange Rate

Initial Exchange Rate means the Exchange Rate at the close of business on the business day preceding the date of issuance this Note, being South Korean Won/U.S. Dollar.

Initial Exchange Rate means the Applicable Dollar Spot Market Exchange Rate as of the Issue Date, which for the purposes of the Note Purchase Facility Agreement shall be € 1 = $1.5791.

Initial Exchange Rate means the initial exchange rate set out in the Product Agreement to convert one unit of the Patheon Manufacturing Site Local Currency into the Billing Currency for the first Year of the Product Agreement.

Initial Exchange Rate means an exchange rate of 80,392.16 VFSG Shares per U.S.$1,000,000 of principal amount of Bonds;

Initial Exchange Rate means INR [●] per US$. “INR” means Indian Rupees.

Initial Exchange Rate means the official NIS/USD exchange rate published by the Bank of Israel as specified in the Shelf Offering Report.

Initial Exchange Rate means an exchange rate published by the Corporation in accordance with the Prospectus that is equal to the weighted average of the ILS/USD exchange rates of all the transactions (which shall be no fewer than five (5) of an equal size) completed by the Bank(s) through which the gross proceeds from the Offering are converted to USD on the first TASE Trading Day following the Closing Day.