Mid-Rate definition

Mid-Rate means the Barclays reference exchange rate identified on a rate card. Multicurrency services means this additional service allowing you to be settled and billed in certain foreign currencies in line with these additional service conditions. or as otherwise notified to you in writing from time to time. Non-like-for-like currencies means all foreign currencies which are not like-for-like currencies.
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Mid-Rate means the average of the bid and offer rates at which the Non-Event Currency can be exchanged for the Event Currency on such Valuation Date for settlement in accordance with standard market practice. If the unit used to measure exchange rates between the Event Currency and the Non-Event Currency is changed, the calculations herein shall be adjusted accordingly. No dealer or bank selected shall be an affiliate of either party. "Valuation Date" shall mean the date that is the original settlement date for such Transaction in respect of which a settlement rate is to be determined, and the new settlement date for such Transaction shall be two Business Days after such Valuation Date. If, with respect to such Transaction, a Disruption Event would otherwise constitute an Illegality, Impossibility, force majeure or other similar event, then such event or circumstance will be treated as a Disruption Event and will be deemed not to constitute an Illegality, Impossibility, force majeure or other similar event, as the case may be, for purposes of such Transaction and this Agreement.
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Mid-Rate means the mid-point of the buying and selling of exchange rates in foreign currency prevailing as at the close of business;
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Examples of Mid-Rate in a sentence

  • The Mid-Rate Period Adjustment (“Mid-Rate Period Adjustment” or “MidRPAdjustment”) will apply to the second year of the Rate Period.

  • Bonneville shall calculate the Mid-Rate Period Adjustment using the ratio of nameplate that changed elections (“Nameplate Movement”) to the total amount of allowable nameplate movement (800 MW) under section 7 above.

  • The Mid-Rate Period Adjustment may reduce the FY 2017 Annual Budget.

  • To calculate the Future Rollover, the Company is taking the Mid-Rate for the Old Contract (the one currently traded) and the New Contract (Next tradable contract) during the day when the Old Contract closes for trading.

  • The Mid-Rate Period Adjustment will adjust the amount of inc balancing reserve capacity Bonneville will provide in the Non- Spring Months in FY 2017 and the FY 2017 Annual Budget.

  • The second year amount will equal: The Mid-Rate Period Adjustment may reduce the FY 2017 Annual Budget.

  • The Mid-Rate Period Adjustment will adjust the amount of inc balancing reserve capacity Bonneville will provide in the Non-Spring Months in FY 2017 and the FY 2017 Annual Budget.

  • The Mid-Rate Period Adjustment will equal: The Mid-Rate Period Adjustment may reduce the 950 MW of inc balancing reserve capacity requirement described in section 4, Inc Reserve (Non-Spring Months), above.

  • Nothing in this Section 7(g) is intended to give a party the right to challenge the Mid-Rate Period Adjustment provisions under sections 7 and 8 in Attachment 1.

  • The FY 2017 Annual Budget is subject to reduction by the Mid-Rate Period Adjustment as described in section 8 and as described in section 16 below.

Related to Mid-Rate

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Reference Rate means the rate specified as such hereon.

  • Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 11:00 a.m. (California time) 2 Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBOR Rate Loan requested by Administrative Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.