Foreign Currency Rate means, in relation to any Interest Period and the related Foreign Currency Borrowing, the applicable LIBO Rate for that Interest Period of that Borrowing; provided, that the aforesaid shall be subject to Section 2.13.
Foreign Currency Rate means, with respect to any Foreign Currency Rate Loan, the interest rate per annum at which deposits in that Foreign Currency are offered to the Administrative Agent in the Designated Foreign Currency Market at 11:00 A.M. (London time) two (2) Foreign Currency Banking Days before the first day of the applicable Foreign Currency Period in an aggregate amount approximately equal to the amount of the Loan to be made with respect to such Foreign Currency Rate Loan and for a period of time comparable to the number of days in the applicable Foreign Currency Period.
Foreign Currency Rate means the offered rate for deposits in the applicable Available Foreign Currency for a one, two or three month period with respect to any Multicurrency Loan as quoted on the Telerate System subscribed to by the Administrative Agent, and which appears on Telerate Page 3750 of the Telerate System Incorporated Service for German Deutsche Marks, Japanese Yen and United Kingdom Pounds Sterling, and Telerate Page 3740 of the Telerate System Incorporated Service for Italian Lira, French Francs and Spanish Pesetas (or such other page of the Telerate System on which any applicable Available Foreign Currency then appears), as of 11:00 a.m., London time, two (2) Business Days prior to the beginning of the applicable Interest Period. If the one, two or three month Foreign Currency Rate pertaining to an Available Foreign Currency is unavailable on the Telerate System, then such rate shall be determined by and based on any other interest rate reporting service of generally recognized standing designated by the Administrative Agent to the Borrower. The Foreign Currency Rate may be adjusted by the Administrative Agent for any applicable reserve requirements or withholding taxes.
Examples of Foreign Currency Rate in a sentence
Foreign Currency Rate RiskThe possible effect on net earnings and OCI, due to changes in foreign exchange rates associated with financial instruments denominated in currencies other than the Corporation’s functional currency is outlined below.
No. Foreign Currency Rate of exchange of 100 unitsof foreign currency equivalent to Indian rupees(1) (2) (3)1.
Foreign Currency Rate RiskThe Corporation has exposure to various currencies, such as the US and Australian dollars, as a result of investments in subsidiaries of TransAlta, and the euro, due to capital expenditures.
Exchange Rate fluctuations (Foreign Currency Rate Exchange) cannot be cited as reason for delay or dishonour of Purchase Order.
The minimum balance of the Debt Service Reserve Fund is adjusted annually on March 23, based on the prevailing Bankers’ Acceptance rate.b) Foreign Currency Rate RiskThe GTAA undertakes certain transactions denominated in foreign currencies, primarily the U.S. dollar.
More Definitions of Foreign Currency Rate
Foreign Currency Rate means either the LIBOR rate or the FCNR(B) rate or other appropriate benchmark rate;
Foreign Currency Rate means the offered rate for deposits in the Foreign --------------------- Currency for the applicable Interest Period as quoted on the Telerate System subscribed to be Lender, two (2) Business Days prior to the Interest Period.
Foreign Currency Rate means, with respect to any Foreign Currency
Foreign Currency Rate applicable to any Foreign Currency Loan for any day during any Interest Period applicable thereto means a rate per annum equal to the sum of the Applicable Margin for such day plus the applicable Adjusted Foreign Currency Rate. The "Adjusted Foreign Currency Rate" applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upwards, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Foreign Currency Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage. 3. The "London Interbank Foreign Currency Offered Rate" applicable to any Interest Period with respect to a Foreign Currency Loan means the rate per annum, (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on the appropriate Telerate Page as the London interbank offered rate for deposits in such Foreign Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term "London Interbank Foreign Currency Offered Rate" shall mean, for any Foreign Currency Loan the rate per annum, (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on the appropriate page of the Reuters Screen as the London interbank offered rate for deposits in such Foreign Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on the appropriate page of the Reuters Screen, the applicable rate shall be the arithmetic mean of all such rates (at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period). 4.
Foreign Currency Rate. The representative rate of foreign currency as published by the Bank of Israel, or any official exchange rate of foreign currency to Israeli currency which might replace said representative rate and at the same time apply to governmental bonds linked to said foreign currency rate;
Foreign Currency Rate. The representative rate of the Foreign Currency which is published by the Bank of Israel or any official exchange rate of the Foreign Currency to the Israeli currency which will replace the representative rate as aforesaid, and which will apply at such time with regard to the government debentures which are linked to such foreign currency rate. "Known Rate" on any date- The last Foreign Currency Rate which was determined by the Bank of Israel before such date. However, in a period during which the Bank of Israel does not regularly determine a representative rate, the Known Rate on any date shall be the rate which was last determined before such date by the Minister of Finance together with the Governor of the Bank of Israel for government debentures which are linked to the Foreign Currency Rate. "Base Rate" with regard to any Relevant Series- The Known Rate on a specific date, which will be specified in the Relevant Series' Initial Offering Report.
Foreign Currency Rate means, in relation to the term of each Foreign Currency Advance, a fixed per annum rate for such term equal to the quotient produced by dividing (a) the sum of (i) the percentage rate of interest determined by Bank at or about 10:00 a.m. Austin, Texas time on the second Business Day preceding the anticipated date of advance, to be the per annum rate at which deposits of the type of foreign currency denominated during such term are offered to Bank by prime banks in the London foreign currency deposits market, at the time of determination and in accordance with the usual practice in such market, for delivery on the first day of such term and for the number of days comprised therein, in amounts of such currency equal (as nearly as may be) to the principal amount of the advance, and (ii) an additional percentage rate of interest not to exceed one-half of one percent (1/2 of 1%) per annum to compensate Bank for making advances having a Dollar Equivalent of less than $1,000,000.00 each, by (b) the remainder produced by subtracting the Eurodollar Reserve Percentage (expressed as a decimal in one hundredths [e.g., 100% = 1.0; 1.0% = .01; etc.]) from 1.0.