Define: Exchange Rate
What does "Exchange Rate" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.
Definition 1 (CBRE GROUP, INC., seen in 1 filing)
Exchange Rate means on any day, with respect to any currency other than dollars (for purposes of determining the Dollar Equivalent) or dollars (for purposes of determining the Alternative Currency Equivalent), the rate at which such currency may be exchanged into dollars or the applicable Alternative Currency, as the case may be, as set forth at approximately 11 00 a.m., Local Time, on such date on the applicable Bloomberg Key Cross Currency Rates Page.
Source: CBRE GROUP, INC. 10-K
Definition 2 (Salesforce, Inc., seen in 1 filing)
Exchange Rate means the rate used to determine Dollar Equivalent amounts.
Source: Salesforce, Inc. 8-K
Definition 3 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)
Exchange Rate means on any date, for purposes of determining the US Dollar Equivalent of any other currency, the rate of exchange for the purchase of US Dollars with such currency on such date as last provided (either by publication or as may otherwise be provided to the Administrative Agent) by Reuters on the Business Day (determined based on New York City time) immediately preceding such date. In the event that Reuters ceases to be available or ceases to provide such rate of exchange, the Exchange Rate shall be determined by reference to such other publicly available information service that provides such rate of exchange at such time (a) as shall be reasonably mutually agreed by the Administrative Agent and the Company, or (b) unless and until such an agreement has been reached, as shall be selected by the Administrative Agent, after consultation with the Company, from time to time in its reasonable discretion.
Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 10-K
Data extracted from 4 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.