Canadian Exchange Rate means, on any date:
Canadian Exchange Rate means on a particular date, the rate at which C$ may be exchanged into US$, determined by reference to the Bank of Canada noon rate as published on the Reuters Screen page BOFC. In the event that such rate does not appear on such Reuters page, the “Canadian Exchange Rate” shall be determined by reference to any other means (as selected by the Canadian Administrative Agent) by which such rate is quoted or published from time to time by the Bank of Canada (in each case as in effect at or about 12:00 Noon, Toronto time, on the Business Day (Canada) immediately preceding the relevant date of determination); provided, that if at the time of any such determination, for any reason, no such exchange rate is being quoted or published, the Canadian Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be prima facie evidence of the accuracy thereof.
Canadian Exchange Rate means, on any particular date, the rate at which one US Dollar may be exchanged into one Canadian Dollar, determined by reference to the Bank of Canada rate as of the close of business on such date;
Examples of Canadian Exchange Rate in a sentence
Currency conversion from U.S. Dollars to Canadian Dollars, or to U.S. Dollars from Canadian Dollars, shall be at the Canadian Exchange Rate for the applicable month.
More Definitions of Canadian Exchange Rate
Canadian Exchange Rate on a particular date, the rate at which C$ may be exchanged into Dollars, determined by reference to the Bank of Canada noon rate as published on the Reuters Screen page BOFC. In the event that such rate does not appear on such Reuters page, the "Canadian Exchange Rate" shall be determined by reference to any other means (as selected by the Canadian Administrative Agent) by which such rate is quoted or published from time to time by the Bank of Canada; provided, that if at the time of any such determination, for any reason, no such exchange rate is being quoted or published, the Canadian Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error.
Canadian Exchange Rate means on any particular date, the rate at which C$ may be exchanged into US$, determined by reference to the Bank of Canada noon spot rate as of such date.
Canadian Exchange Rate with respect to US Dollars or Canadian Dollars on any date, the rate at which US Dollars may be exchanged into Canadian Dollars, or Canadian Dollars may be exchanged into US Dollars, as the case may be, as determined in accordance with the Bank of Canada’s noon or 4:30 P.M. (Toronto time) spot rate on such date, and if such date is not a Business Day, on the immediately preceding Business Day. In the event that such rate is not available, the Canadian Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Parent Borrower or, in the absence of such agreement, the Canadian Exchange Rate shall instead be the spot rate of exchange of the Administrative Agent in the London interbank market or other market where its foreign currency exchange operations in respect of Canadian Dollars are then being conducted, at or about 11:00 A.M., local time, on such date; provided, however, that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.
Canadian Exchange Rate means on a particular date, the rate at which C$ may be exchanged into US$, determined by reference to the Bank of Canada noon rate as published on the Reuters Screen page BOFC. In the event that such rate does not appear on such Reuters page, the "CANADIAN EXCHANGE RATE" shall be determined by reference to any other means (as selected by the Canadian Administrative Agent) by which such rate is quoted or published from time to time by the Bank of Canada (in each case as in effect at or about 12:00 Noon, Toronto time, on the Business Day (Canada) immediately preceding the relevant date of determination); PROVIDED, that if at the time of any such determination, for any reason, no such exchange rate is being quoted or published, the Canadian Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be prima facie evidence of the accuracy thereof.
Canadian Exchange Rate means, on any date: i. if on such date the Bank of Canada sets an average noon spot rate of exchange for the conversion of one United States dollar into Canadian dollars, such rate; and
Canadian Exchange Rate means, on any day, with respect to Canadian ---------------------- Dollars, the spot rate at which Canadian Dollars may be exchanged into dollars (and, for purposes of clause (e) of Section 2.07 and clause (i) of Section 2.13, the rate at which dollars may be exchanged into Canadian Dollars), as quoted by the Bank of Canada at approximately 12:00 Noon, Toronto time, on such day (or if such day is not a Canadian Business Day, on the immediately preceding Canadian Business Day). In the event that such spot rate is not quoted by the Bank of Canada, the Canadian Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Canadian Agent and the Company, or, in the absence of such agreement, such Canadian Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Canadian Agent in the market where its foreign currency exchange operations in respect of dollars are then being conducted, at or about 12:00 Noon, Toronto time, on such date for the purchase of Canadian Dollars for delivery two Business Days later; provided that if at -------- the time of any such determination, for any reason, no such spot rate is being quoted, the Canadian Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.
Canadian Exchange Rate means, for any date with respect to which an amount expressed in Canadian Dollars is to be determined with respect to any Account, the nominal rate of exchange of Administrative Agent in the New York foreign exchange market for the sale of Canadian Dollars in exchange for Dollars at 12:00 noon (New York time) one Business Day prior to such date, expressed as a number of units of Canadian Dollars (rounded to two decimal places) per one Dollar.