PTAX Rate definition

PTAX Rate means BRL/USD foreign exchange rate, expressed as the number of BRL per one USD announced by the Banco Central do Brasil by approximately 1:15 p.m., São Paulo time, on the applicable Rate Fixing Date and published on Bloomberg page <USDBRL PTAX> <Curncy> or on any successor page or on the website of the Central Bank of Brazil (https://www.bcb.gov.br/en) or on any successor website, provided that the PTAX Rate found on the Central Bank website or any successor website shall prevail in case of conflict with the PTAX Rate appearing on Bloomberg page <USDBRL PTAX> <Curncy> or any successor page;
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PTAX Rate means, the BRL/Dollar rate, expressed as the amount of Brazilian Reais per one U.S. Dollar as reported by the Central Bank of Brazil on the SISBACEN Data System and on its website (which, at the date hereof, is located at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇) under the sale index, option “all currencies,” or any other official index disclosed by the Central Bank of Brazil that replaces the sale index, option “all currencies.”
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PTAX Rate means BRL/USD foreign exchange rate, expressed as the number of BRL per one USD announced by the Banco Central do Brasil by approximately 1:15 p.m., São Paulo time, on the applicable Rate Fixing Date and published on Bloomberg page <USDBRL PTAX>
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Examples of PTAX Rate in a sentence

  • The Local Underlying Convertible Debentures will be offered under in two series, (i) one denominated in U.S. dollars and (“USD-denominated Debentures”) and (ii) another denominated in Brazilian reais and indexed to U.S. dollar exchange rate variations, based on the PTAX Rate (the “Dual Series Structure”).

  • The conversion of the Brazilian Reais into United States Dollars shall be effected by applying the PTAX Rate in force in the Business Day immediately preceding the payment date of the dividend and interest on equity.

  • All amounts due in respect of the principal of, interest, additional amounts, if any, fees and premium, on the Notes will be denominated in Brazilian reais but settled in U.S. dollars, in an amount as calculated by the Issuer by converting the Brazilian reais amount into U.S. dollars at the PTAX Rate on the applicable Rate Calculation Date.

  • Any monetary sum to be converted from one currency into another currency for the purposes of this Agreement for any Business Day shall be converted at the Brazilian Reais / U.S. Dollar commercial rate, based on the bid rate (PTAX) for the U.S. Dollars published by the Brazilian Central Bank on its website (which, on the date hereof, is located at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇) (or any successor screen established by BACEN), unless expressly provided otherwise in this Agreement ("PTAX Rate").

  • If the PTAX Rate is higher, a corresponding downward adjustment shall apply to the amount of principal, interest, additional amounts, if any, fees or premium payable on such date.


More Definitions of PTAX Rate

PTAX Rate means the US dollar rate published by the Central Bank of Brazil by means of its internet page regarding the exchange rates (http://www.bcb.gov.br/?txcambio), menu “Quotations and Bulletins” (“Cotações e Boletins”), option” Closing Prices regarding all currencies on a date” (“Cotações de Fechamento de todas as moedas em uma data”), for the currency USD, code 220,”Quotes in Real” (“Cotações em Real”), Sale (“Venda”).
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PTAX Rate means BRL/USD foreign exchange rate, expressed as the number of BRL per one USD announced by the Banco Central do Brasil by approximately 1:15 p.m., São Paulo time, on the applicable Rate Fixing Date and published on Bloomberg page <USDBRL PTAX> <Curncy> or on any successor page or on the web site of the Central Bank of Brazil (https://www.bcb.gov.br/en) or on any successor web site, provided that the PTAX Rate found on the Central Bank website shall prevail in case of conflict with the PTAX Rate appearing on Bloomberg page <USDBRL PTAX> <Curncy>.
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PTAX Rate means JPY/BRL foreign exchange rate, expressed as the number of BRL per one JPY announced by the Banco Central do Brasil by approximately 1:15 p.m., São Paulo time, on the applicable Rate Fixing Date and as published on Reuters Screen “BRLJPYPTAX= CBBR” Page (or such other page or services as may replace that page to be used for the purpose of obtaining the Reference Rate) or on any successor page or on the website of the Banco Central do Brasil (https://www.bcb.gov.br/en) or on any successor website, provided that in the event of inconsistency between the PTAX Rate found on the Banco Central do Brasil website and the PTAX Rate appearing on Reuters Screen “BRLJPYPTAX= CBBR” Page, the PTAX Rate appearing on Reuters Screen “BRLJPYPTAX= CBBR” Page shall prevail.
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PTAX Rate. The exchange rate of Brazilian Reals per United States Dollar, sell quotation, freely agreed upon between the parties and for cash delivery, pursuant to the provisions of Resolution 3.568/2008 of the National Monetary Council (CMN), calculated and published by the Central Bank of Brazil (BACEN). Settlement price (PA): The closing price in United States Dollar per bag, Business day: For the purposes of this Contract, a business day is considered as a day on which there is trading on BM&FBOVESPA. For the purposes of cash settlement and meeting margin calls, a business day is considered one on which as well as there being a trading session on BM&FBOVESPA, there is not a banking holiday in the New York marketplace of the United States of America. Agricultural Commodities Depository (DA): A depositary institution registered by BM&FBOVESPA BM&FBOVESPA or Exchange: BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias
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PTAX Rate has the meaning set forth in the definition of “Applicable Exchange Rate” herein.
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PTAX Rate means the average offer rate for converting BRL into USD as reported by the Central Bank of Brazil (www.bcb.gov.br; see "Cotações e boletins") on the relevant Valuation Date. If no such rate is
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PTAX Rate has the meaning given to such term in the Intercreditor Agreement.
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