Examples of Australian Dollar Equivalent in a sentence
Australian Dollar Equivalent means, in relation to any amount in a currency other than Australian dollars, that amount converted into Australian dollars at the spot rate of exchange for that currency as listed on the Reserve Bank of Australia website on, where the date on which the determination of that amount is required to be made: (a) is a Business Day, that date; or (b) is not a Business Day, the immediately preceding Business Day.
Australian Dollar Equivalent means for an amount denominated in an Alternate Currency, the Australian Dollar Equivalent of that amount determined on the basis of the spot rate of exchange for the sale of Australian Dollars against the purchase of the relevant Alternate Currency in the Sydney foreign exchange market quoted by any leading bank selected by the Issuer on the relevant calculation date.
In order to help ensure that any further issue of Covered Bonds under the Programme does not adversely affect the existing Covered Bondholders, the Issuer (as Intercompany Loan Provider) will be obliged to fund an Intercompany Loan Advance in an amount equal to either (i) the aggregate Principal Amount Outstanding of such further issue of Covered Bonds; or (ii) the Australian Dollar Equivalent of the aggregate Principal Amount Outstanding of such further issue of Covered Bonds, and for a matching term.
This is the Australian Dollar Equivalent of USD forward exchange contracts totalling US$159,500,000, which include: forward contracts of US$121,000,000 and option contracts of US$38,500,000 (being the Higher Amount given the current USD spot rate is above the exercise price of each of the option contracts at 28 June 2020).The portion of the gain or loss on the hedging instrument that is determined to be an effective hedge is recognised in other comprehensive income.
Gross Revenue means the gross proceeds actually received by the Payer (or any Related Entity)or applied to its benefit, in Australian dollars, or in Australian Dollar Equivalent, from the sale or other disposal of Products or in relation to the Products, including the proceeds received from an insurer in the case of loss of, or damage to, the Products (net of any excess paid in respect of that loss or damage), less any applicable Penalties, refunds, claims or discounts.