Applicable Currency Equivalent definition

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, at any time for the determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars, at the spot rate for the purchase of U.S. dollars, with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date that is two Business Days prior to such determination.

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. Dollars, in the case of the Dollar Notes, or Euros, in the case of the Euro Notes, at any time for the determination thereof, the amount of U.S. Dollars or Euros, as applicable, obtained by converting such foreign currency involved in such computation into U.S. Dollars or Euros, as applicable, at the spot rate for the purchase of U.S. Dollars or Euros, as applicable, with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date not more than two Business Days prior to such determination.

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, in the case of the Dollar Notes, or euros, in the case of the Euro Notes, at any time for the determination thereof, the amount of U.S. dollars or euros, as applicable, obtained by converting such foreign currency involved in such computation into U.S. dollars or euros, as applicable, at the spot rate for the purchase of U.S. dollars or euros, as applicable, with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date not more than two Business Days prior to such determination.

Examples of Applicable Currency Equivalent in a sentence

• Each borrowing of a Eurocurrency Loan shall be in an amount not less than $2,000,000 (or the Applicable Currency Equivalent thereof) or whole multiples of $1,000,000 (or the Applicable Currency Equivalent thereof) in excess thereof.

• Any amount specified in this Agreement or any of the other Loan Documents to be in Dollars shall also include the Applicable Currency Equivalent thereof in any currency other than Dollars.

• Any conversion to or from Eurocurrency Loans hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurocurrency Loans having the same Interest Period and denominated in the same currency shall not be less than $2,000,000 (or the Applicable Currency Equivalent thereof).

• Each partial prepayment pursuant to this Section 3.03 shall be in a principal amount of (i) $1,000,000 (or the Applicable Currency Equivalent thereof), or whole multiples of $1,000,000 (or the Applicable Currency Equivalent thereof) in excess thereof with respect to Eurocurrency Loans, and (ii) $500,000 or whole multiples of $100,000 in excess thereof with respect to Prime Rate Loans.

• All or any part of outstanding Prime Rate Loans (other than Swingline Loans) may be converted as provided herein, provided that each conversion shall be in the principal amount of $2,000,000 (or the Applicable Currency Equivalent thereof) or whole multiples of $1,000,000 (or the Applicable Currency Equivalent thereof) in excess thereof; and further provided that no Default or Event of Default shall have occurred and be continuing.

More Definitions of Applicable Currency Equivalent

Applicable Currency Equivalent means, with respect to an amount denominated in Dollars which is to be converted to any other Applicable Currency, the amount of such Applicable Currency required to purchase such amount of Dollars at the Relevant Exchange Rate.

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. Dollars at any time for the determination thereof, the amount of U.S. Dollars, obtained by converting such foreign currency involved in such computation into U.S. Dollars at the spot rate for the purchase of U.S. Dollars, with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date not more than two Business Days prior to such determination.

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than euros at any time for the determination thereof, the amount of euros obtained by converting such foreign currency involved in such computation into euros at the spot rate for the purchase of euros with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (London time) on the date not more than two Business Days prior to such determination.

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, in the case of the Dollar Securities, or euros, in the case of the Euro Securities, at any time for the determination thereof, the amount of U.S. dollars or euros, as applicable, obtained by converting such foreign currency involved in such computation into U.S. dollars or euros, as applicable, at the spot rate for the purchase of U.S. dollars or euros, as applicable, with the applicable foreign currency as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date not more than two Business Days prior to such determination.

Applicable Currency Equivalent means, as of any date of determination with respect to an amount denominated in Pesos, the equivalent in Dollars of such amount of Pesos, determined using the Peso/Dollar exchange rate published by Banco de México in the Federal Official Gazette (Diario Oficial de la Federación) as

Applicable Currency Equivalent means, with respect to any amount denominated in a currency other than Dollars, as of any date of determination, the equivalent in Dollars of such amount determined at the rate quoted by CBA in New York, New York, United States of America at the close of business on the Business Day immediately preceding any date of determination thereof, to prime banks in New York, New York, United States of America, for the spot purchase in the New York foreign exchange market for such amount in Dollars with such other currency. NYDOCS02/1023777.17Midway Gold – Pan Gold Project – Credit Agreement

Applicable Currency Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, at any time for the