Average Exchange Rate means the 12 month average of the month end exchange rates as referenced to Reuters.
Average Exchange Rate has the meaning set forth in Section 1.2(b). Borrower shall have the meaning set forth in the Preamble.
Average Exchange Rate means, for any Collaboration Year starting with Collaboration Year [* * *], the average exchange rate of Dollars to NIS, based on rates reported by The Bank of Israel at xxxx://xxx.xxx.xxx.xx/en/markets/exchangerates/pages/default.aspx or any successor website, for the forty-five (45) days ending on the last day of the second quarter of the preceding Collaboration Year. *** Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.
Examples of Average Exchange Rate in a sentence
For Transfers of Values involving the use of foreign currencies, amounts are converted from the initial currency to the publication currency according to the Group Monthly Average Exchange Rate applicable at the date of the Transfers of Value.
For Transfers of Values involving the use of foreign currencies, amounts are converted from the initial currency to the publication currency according to the Yearly Average Exchange Rate applicable at the date of the Transfers of Value.
For Transfers of Values involving the use of foreign currencies, amounts are converted from the initial currency to the publication currency according to the Monthly Average Exchange Rate applicable at the date of the Transfers of Value.
U.S. dollar amounts indicated for Bonus Costs are based on the Average Exchange Rate .
Due to volatility of the Average Exchange Rate which is beyond the Bank’s control, changes in the exchange rate tables in force at the Bank are made without prior notice.
More Definitions of Average Exchange Rate
Average Exchange Rate means the daily average currency exchange rate for the most recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or Section 5.01(b) (or, prior to the first such delivery, such financial statements referred to in Section 4.01(h)), as reasonably determined in good faith by the Borrower based on the Bloomberg Key Cross Currency Rates Page at such time or, if the Borrower is unable to determine the Average Exchange Rate based on the Bloomberg Key Cross Currency Rates Page for any reason, publicly reported currency exchange rate information in consultation with the First Lien Administrative Agent; provided further that, if an amount that is to otherwise be converted using the foregoing methodology has been hedged, swapped or otherwise effectively converted into another currency pursuant to a Swap Agreement to which any Loan Party is a party, the currency exchange rate so utilized for that amount shall be as set forth in such Swap Agreement (copies of which shall be made available to the First Lien Administrative Agent upon request).
Average Exchange Rate means average exchange rate as discussed in
Average Exchange Rate shall be the average of the official exchange rate in force in that country for financial transactions on the first and last Business Day of the calendar month for which the payments are being paid. If there is no such official exchange rate, the conversion shall be made at the rate for such remittances on the date as published in the United States edition of The Wall Street Journal.
Average Exchange Rate means the daily average currency exchange rate for the most recently ended fiscal quarter of Holdings for which financial statements have been delivered pursuant to Section 5.01(a) or Section 5.01(b) (or, prior to the first such delivery, such financial statements referred to in Section 4.01(h)), as reasonably determined in good faith by the Borrower based on the Bloomberg Key Cross Currency Rates Page at such time or, if the Borrower is unable to determine the Average Exchange Rate based on the Bloomberg Key Cross Currency Rates Page for any reason, publicly reported currency exchange rate information in consultation with the First Lien Administrative Agent; provided further that, if an amount that is to otherwise be converted using the foregoing methodology has been hedged, swapped or otherwise effectively converted into another currency pursuant to a Swap Agreement to which any Loan Party is a party, the currency exchange rate so utilized for that amount shall be as set forth in such Swap Agreement (copies of which shall be made available to the First Lien Administrative Agent upon request).
Average Exchange Rate means, in relation to a period, for a specified currency, the average (rounded to 4 decimal places) of the BFIX Rate for the specified currency for each day of the period in respect of which either:
Average Exchange Rate means the average daily exchange rate for the period specified as published by the Federal Reserve Bank of New York (available at xxxxx://xxx.xxxxxxxxxxxxxx.xxx/releases/h10/hist/).
Average Exchange Rate means, as of any date of determination, the average of the Exchange Rate at 5:00 p.m. (New York City time) on each of the preceding 90 days.