DOLLAR EQUIVALENTS means (a) commercial paper rated P-1 or better by Moody's or A-1 or better by S&P or similarly rated by any successor to either of such rating services, (b) obligations of the United States government or any agency thereof which are backed by the full faith and credit of the United States, or (c) deposits, including certificates of deposit, in any commercial bank or trust company (i) which is registered to do business in any state of the United States, (ii) which has capital and surplus in excess of $100,000,000 and (iii) the short-term debt of which is rated A-1 or better by S&P or P-1 or better by Moody's or is similarly rated by any successor thereof, provided that each such item of commercial paper, each such obligation, and each such time deposit has a maturity date not later than thirty days after the date of purchase thereof.

DOLLAR EQUIVALENTS means, with respect to any amounts of Canadian Dollars, an equivalent amount of Dollars determined at the rate of exchange quoted by the Canadian Administrative Agent on the date of determination for the spot purchase in the foreign exchange market of Canadian Dollars with Dollars.

DOLLAR EQUIVALENTS means Dollars or, with respect to any amount of Canadian Dollars, an equivalent amount of Dollars determined at the rate of exchange quoted by Agent in New York City, at 9:00 A.M. (New York time) on the date of determination, to prime banks in New York City for the spot purchase in the New York foreign exchange market of Dollars with Canadian Dollars.

Examples of DOLLAR EQUIVALENTS in a sentence

PAYABLES (CURRENT) (CONT'D) 2005 2004 (a) AUSTRALIAN DOLLAR EQUIVALENTS $'000 $'000 Australian dollar equivalent of amounts payable in foreign currencies not effectively hedged: -United States Dollar 163 5 (b) TERMS AND CONDITIONS Terms and conditions relating to the above financial instruments: (i) Trade creditors are non-interest bearing and are normally settled on 30 day terms.

More Definitions of DOLLAR EQUIVALENTS

DOLLAR EQUIVALENTS means U.S. Dollars or, on any date when an amount expressed in a currency other than U.S. Dollars is to be determined in U.S. Dollars, an equivalent amount of U.S. Dollars determined at the nominal rate of exchange quoted by Agent in New York City, not later than 9:00 A.M. (New York time) on the date of determination, to prime banks in New York City for the spot purchase in the New York foreign exchange market of U.S. Dollars with such other currency.

DOLLAR EQUIVALENTS means Dollars or, with respect to any amount of Canadian Dollars, an equivalent amount of Dollars determined at the rate of exchange quoted by Administrative Agent in New York City, at 9:00 A.M. (New York time) on the date of determination, to prime banks in New York City for the spot purchase in the New York foreign exchange market of Dollars with Canadian Dollars.

DOLLAR EQUIVALENTS means, at any time, (x) as to any amount denominated in Dollars, the amount thereof at such time, and (y) as to any amount denominated in an Offshore Currency or any other currency other than Dollars, the equivalent amount in Dollars as determined by Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Dollars with such Offshore Currency or other currency on the most recent Computation Date provided for in subsection 2.1F(i) or such other time as may be reasonably specified by Administrative Agent.

DOLLAR EQUIVALENTS means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amounts of Approved Currencies, an equivalent amount of Dollars determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Approved Currency.

DOLLAR EQUIVALENTS with respect to any Currency Hedge Agreement, means Dollars or, with respect to any other currency, an equivalent amount of Dollars determined using the forward rate, or, in the case of cap agreements, collar agreements and floor agreements, the strike price, agreed to by the parties and specified in such Currency Hedge Agreement.

DOLLAR EQUIVALENTS means, as to any amount denominated in Euros, the equivalent amount in Dollars as determined by the Administrative Agent at the relevant time on the basis of the Exchange Mechanism.