Examples of Spot Rate in a sentence
Any amount specified in this Agreement (other than in Articles 2, 8 and 9) or any of the other Loan Documents to be in Dollars shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount thereof in the applicable currency to be determined by the Administrative Agent at such time on the basis of the Spot Rate (as defined below) for the purchase of such currency with Dollars.
If the Spot Rate is, on an Observation Date, greater than the relevant Settlement Rate and less than the relevant Barrier Level, the Notional Amount for that particular Transaction shall be adjusted to zero.
If the Spot Rate is, on an Observation Date, greater than or equal to the relevant Barrier Level, the Notional Amount for that particular Transaction shall be adjusted to the Leveraged Notional Amount.