Base Currency Equivalent means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by the Valuation Agent for value on such Valuation Date.
Base Currency Equivalent means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the "Other Currency"), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by the Valuation Agent for value on such Valuation Date.
Base Currency Equivalent has the meaning given to it in Section 3.2.
Examples of Base Currency Equivalent in a sentence
In the event of Early Termination of the Agreement, the Valuation Agent shall determine the Base Currency Equivalent of all Eligible Credit Support provided under this Annex as of the Early Termination Date.
More Definitions of Base Currency Equivalent
Base Currency Equivalent means, the amount of the relevant currency required to purchase the relevant amount of US Dollars at the Agent’s Spot Rate of Exchange.
Base Currency Equivalent means, on any date of determination, (a) with respect to any amount denominated in the Base Currency, such amount, and (b) with respect to any amount denominated in any Foreign Currency, the equivalent in the Base Currency of such amount, determined by the Administrative Agent using the applicable Exchange Rate.
Base Currency Equivalent means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the Other Currency), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by the Valuation Agent for value on such Valuation Date. Credit Support Amount means, with respect to a Transferor on a Valuation Date, (a) the Transferee’s Exposure plus (b) all Independent Amounts applicable to the Transferor, if any, minus (c) all Independent Amounts applicable to the Transferee, if any, minus (d) the Transferor’s Threshold; provided, however, that the Credit Support Amount will be deemed to be zero whenever the calculation of Credit Support Amount yields a number less than zero. Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2.2, 3.3(b) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5.3(a) or (b) will form part of the Credit Support Balance.
Base Currency Equivalent means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount in a currency other than the Base Currency (the "Other Currency"), the amount in the Base Currency required to purchase such amount of the Other Currency at the spot exchange rate on such Valuation Date as reported by the Custodian in accordance with such agreement as may from time to time be in place for such purpose between the Custodian and the Debtor with the prior written consent of the Secured Party.
Base Currency Equivalent means, in relation to a sum denominated in a currency other than the Base Currency, the Base Currency amount of such sum notionally converted at the Spot Rate.
Base Currency Equivalent means, with respect to any Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot rate of exchange determined by the Valuation Agent for value on such Valuation date. In connection with "Base Currency" and "Base Currency Equivalent," the 5 This modification is for purpose (ii) in footnote 2.Delete or modify as appropriate. See footnote 4.6 This modification is for purpose (i) in footnote 2 (modifying rights of the Secured Party pursuant to Japanese law in order to avoid recharacterization by a Japanese court that creation of the pledge under the New York Law CSA is an “outright transfer” from a Japanese law perspective).7 These are to adjust the provisions in the New York Law CSA to the modifications herein. Appropriate modifications will not affect the conclusion discussed in this memorandum.definitions of "Exposure," "Independent Amount," "Interest Amount" and "Threshold Amount" shall be amended as follows:
Base Currency Equivalent means, the amount of the relevant currency required to purchase the relevant amount of the Base Currency at the Agent's spot rate of exchange for such a purchase in the London foreign exchange market at or about 11.00 am on the relevant date.