'Alternate Treasury Note Rate' on any date means the yield as calculated by reference to the arithmetic average of the bid price quotations of the actively traded, current coupon Treasury Note with a maturity most nearly comparable to the length of the related Dividend Period, as determined by the bid price quotations as of any time on the Business Day immediately preceding such date, obtained from at least three recognized primary U.S. Government Securities report for such Business Day, or (ii) if such yield as so calculated is not available, the Alternate Treasury Note Rate on such date. Treasury Note Rate on any date means (i) the yield as calculated by reference to the bid price quotation of the actively traded, current coupon Treasury Note with a maturity most nearly comparable to the length of the related Dividend Period, as such bid price quotation is published on the Business Day immediately preceding such date by the Federal Reserve Bank of New York in its Composite 3:30 P.M.

Exchange Rate means on any date the inverse of the U.S.-Canadian Exchange Rate. USAID will use its best efforts to notify the Guaranteed Party as soon as the US Treasury Exchange Rate for that period has been updated in CMS.Ĭanadian-U.S. No new Qualifying Loan may be placed under coverage of the Guarantee unless the principal amount outstanding of all Qualifying Loans then under coverage at the then applicable US Treasury Exchange Rate, together with such new Qualifying Loan, will not exceed the Maximum Authorized Portfolio Amount as of the date such new Qualifying Loan is placed under coverage. Dollar equivalencies shall be determined by using the US Treasury Exchange Rate. With respect to calculations of the Maximum Authorized Portfolio Amount, calculations of the Maximum Cumulative Disbursements Amount, or any other calculations (not covered in (ii) and (iii) below) under the Agreement, Local Currency /U.S. Dollar equivalencies shall be determined by using (i) the Embassy Exchange Rate where there is a Local Currency Loan and Local Currency claim payment and (ii) the US Treasury Exchange Rate where there is a Local Currency Loan and a US Dollar claim payment. With respect to the payment of claims and calculations relating to the Guarantee Ceiling, Local Currency /U.S. Dollars and (ii) Qualifying Loan is in Local Currency, the fee shall be calculated at the US Treasury Exchange Rate as specified in the Notice of Due Payment. With respect to the Utilization Fee, in the event such (i) Guarantee Fee is to be paid in U.S. Examples of US Treasury Exchange Rate in a sentence

Treasury exchange rates