Equivalent Dollar Amount definition

Equivalent Dollar Amount means, (a) with respect to any Loan denominated in any Alternative Currency, the amount of dollars that would be required to purchase the amount of the Alternate Currency of such Loan on the date two (2) Business Days prior to the date of such Loan (or in the case of any determination made under Section 2.05 or redenomination under Section 2.15, on the date of determination or redenomination therein referred to), based upon the Spot Exchange Rate and (b) with respect to any amount of dollars on any date, such amount of dollars.

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Equivalent Dollar Amount means, with respect to an amount of an Alternative Currency on any date, the amount of dollars that may be purchased with such amount of such Alternative Currency at the Spot Exchange Rate on such date.

Examples of Equivalent Dollar Amount in a sentence

With respect to payments under this Agreement on account of all Loans payable to the Lender in its capacity as such, Borrower shall make each such payment in immediately available funds in Dollars or, in the case of a Loan made in an Alternative Currency, the Equivalent Dollar Amount, to an account designated in writing by the Lender to Borrower.
For purposes of this Section, any Eurocurrency Revolving Borrowing shall be deemed to be in an amount equal to the Equivalent Dollar Amount of such Eurocurrency Revolving Borrowing determined as of its Denomination Date.
Subject to Section 2.27(f), the Borrower shall pay to the Administrative Agent, for the account of the Issuing Bank and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the face amount (or Equivalent Dollar Amount thereof, if applicable) of such Letter of Credit multiplied by the Applicable Percentage with respect to Revolving Loans that are Eurodollar Loans (determined on a per annum basis).
For purposes of this Section, any Eurocurrency Borrowing shall be deemed to be in an amount equal to the Equivalent Dollar Amount of such Eurocurrency Borrowing determined as of its Denomination Date.
If any Eurocurrency Loan is required to bear interest based at the Alternate Base Rate rather than the LIBO Rate pursuant to Section 2.09(c), Section 2.17 or any other applicable provision hereof, such Loan shall be funded in dollars in an amount equal to the Equivalent Dollar Amount of such Eurocurrency Loan, all subject to the provisions of Section 2.05(b).
Each permanent reduction permitted pursuant to this Section 2.06 shall be accompanied by a payment of principal sufficient to reduce (i) the aggregate Equivalent Dollar Amount of all outstanding Revolving Loans and Swingline Loans, as applicable, after such reduction to the Commitment as so reduced and (ii) to the extent that the Alternative Currency Commitment is reduced, the aggregate Equivalent Dollar Amount of all outstanding Eurocurrency Loans to the Alternate Currency Commitment as so reduced.
The Borrower shall pay to the Agent, for the account of the Issuing Bank and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the face amount (or Equivalent Dollar Amount thereof, if applicable) of such Letter of Credit multiplied by the Applicable Percentage with respect to Revolving Loans that are Eurodollar Loans (determined on a per annum basis).
If any Eurocurrency Loan or RFR Loan denominated in Sterling is required to bear interest based at the Alternate Base Rate rather than the LIBO RateBenchmark pursuant to Section 2.09(c), Section 2.17 or any other applicable provision hereof, such Loan shall be funded in Dollars in an amount equal to the Equivalent Dollar Amount of such Eurocurrency Loan or RFR Loan, all subject to the provisions of Section 2.05(b).
In no event will Bank have any obligation to make any advance in Alternative Currency if the Equivalent Dollar amount thereof (including the face amount of Letters of Credit) as of the date of advance, when taken together with the then Equivalent Dollar Amount of outstanding advances denominated in Alternative Currencies and the Dollar amount of outstanding advances denominated in Dollars, would exceed the Revolving Loan Limit.
Notwithstanding the above, in no event shall any Revolving Credit Loans be made if the aggregate amount of the Revolving Credit Loans to be made (including, without limitation, the Equivalent Dollar Amount of the Alternative Currencies, based on the respective exchange rates used at the time of such Loans) would, after giving effect to the use of proceeds thereof, exceed the aggregate Available Commitments.

More Definitions of Equivalent Dollar Amount

Equivalent Dollar Amount the amount of Dollars that may be purchased with a given amount of an Alternative Currency, as quoted by the Administrative Agent on the first Business Day following receipt by the Administrative Agent of notice of any borrowing, continuation, conversion, prepayment or repayment of Loans, or the request of any Borrower or any Lender.

Equivalent Dollar Amount means, with respect to an amount of the Alternative Currency on any date, the amount of dollars that may be purchased with such amount of such Alternative Currency at the Spot Exchange Rate on such date.

Equivalent Dollar Amount set forth in Section 1.01 of the Credit Agreement is amended by deleting such definition in its entirety and substituting the following new definition in place thereof:

Equivalent Dollar Amount means, (a) with respect to an amount ------------------------ of any Alternative Currency on any date, the amount of dollars that may be purchased with such amount of such Alternative Currency at the Spot Exchange Rate on such date, and (b) with respect to any amount of dollars on any date, such amount of dollars."

Equivalent Dollar Amount means, with respect to any amount expressed, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, and (b) if such amount is expressed in any Alternative Currency, the amount, as determined by the Lender in a reasonable manner of Dollars that may be purchased by the Lender on the international spot markets with such amount of such Alternative Currency. “Euro” refers to the lawful money of the member states of the European Community that adopt or have adopted the Euro as its lawful currency in accordance with the legislation of the European Union relating to the European Monetary Union. “Event of Default” is defined in Section 9 of this Agreement. “Loans” is defined in Section 1 of this Agreement. “Lender” is defined in the first paragraph of this Agreement. “Maturity Date” shall mean the earlier of (a) the third anniversary of the date first set forth above in this Agreement, (b) an initial public offering of the common stock of the Borrower, (c) the listing of the shares of common stock of the Borrower on a national securities exchange, (d) a distribution to stockholders of the Borrower of either (i) cash proceeds from an orderly liquidation of the Borrower’s investments or (ii) securities or other assets of the Borrower as a distribution-in-kind, and (e) a sale of some or all of the Borrower’s assets or common stock to, or other liquidity event with, an entity for consideration of either cash and/or publicly listed securities of the acquirer. “NZD” means the lawful currency of New Zealand. “Person” shall mean any individual, corporation, limited liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. “Pounds Sterling” means the lawful currency of England. “Repayment Date” is defined in Section 8 of this Agreement. 6