Spot Rate

Example Definitions of "Spot Rate"
Spot Rate. Means at any date the Bank's spot rate of exchange for the purchase of the relevant currency In the India foreign exchange market at around 11:00 am India time using the Local Currency for the relevant Facility.
Spot Rate. Means the amount of New Taiwan Dollars that may be purchased with one United States Dollar, as reported in The Asian Wall Street Journal for the date of such determination.
Spot Rate. Where an amount in one currency is to be converted into a second currency on any date, the spot rate of exchange of a comparable amount quoted by a major money-center bank in the New York interbank market, as agreed by Buyer and Seller, for the sale by such bank of such second currency against a purchase by it of such first currency.
Spot Rate. The exchange rate of the applicable foreign currency quoted in Dollars as of the end of the Business Day (either New York closing price or late New York trading price) immediately preceding the relevant date of determination (1) as published by The Wall Street Journal in print or online or (2) if, as of the relevant date of determination, The Wall Street Journal does not publish such rate, by reference to a print or online publication of exchange rates reasonably satisfactory to the... Administrative Agent and the Borrower, and in any such case determined without reference to any forward rate. View More Arrow
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