Examples of Equivalent Amount in a sentence
If the Company pays cash dividends to holders of its common stock generally while any Performance Share Units are outstanding, then on the date this Award vests pursuant to Section 3, the Total Dividend Equivalent Amount will be paid to you in cash in accordance with standard Company payroll practices.
The Credit consists of a tranche that is referred to as the “Main Tranche” initially of up to $720,000,000 (or the Equivalent Amount in US Dollars, Euros, Swiss Francs, Sterling or, subject to Section 2.1.3(eg), an Optional Currency), and a tranche that is referred to as the “Overdraft Tranche”, of up to $30,000,000 (or the Equivalent Amount in US Dollars).
You shall be responsible for the payment of any withholding taxes upon the occurrence of any event in connection with the Award (for example, vesting or issuance of Shares in settlement of Performance Share Units or payment of the Total Dividend Equivalent Amount) that the Company determines may result in any tax withholding obligation, including any social security obligations.
Each Borrowing shall be in the minimum amount of $100,000 and in integral multiples of $100,000 (or the Equivalent Amount if denominated in an Alternative Currency), except that any Base Rate Borrowing or Daily Simple RFR Borrowing may be in the amount of the Available Revolving Commitment.
Notwithstanding anything to the contrary in Section 2.7, 2.8 or 2.9, during the continuance of an Event of Default, at the option of the Lender (or, in the case of an Event of Default under Section 8.1(b), (f), or (g), automatically), the Loans shall bear interest at the rate otherwise applicable thereto plus 2.0% per annum and/or each Borrowing in an Alternative Currency shall be converted to a Borrowing in the Equivalent Amount in Dollars.