Examples of Euro Currency Equivalent in a sentence
Each of the Obligors shall deliver to the Lender a written notice describing in reasonable detail each transaction by it involving the purchase, sale, lease, or other acquisition or loss or casualty to or disposition of an interest in Fixed or Capital Assets which exceeds Two Hundred Thousand Dollars ($200,000) or the Euro Currency Equivalent thereof, said notices to be delivered to the Lender within thirty (30) days of the occurrence of each such transaction.
Each Letter of Credit shall be issued in a stated amount at least equal to One Hundred Thousand Dollars ($100,000) or the Euro Currency Equivalent thereof.
Each of the Obligors will promptly notify, and will cause the Subsidiaries to promptly notify, the Lender of the return, rejection or repossession of any goods sold or delivered in respect of any Receivables, and of any claims made in regard thereto to the extent that the aggregate purchase price of any such goods in any given calendar month exceeds in the aggregate One Hundred Thousand Dollars ($100,000) or the Euro Currency Equivalent thereof for such month.
Unless a Default has occurred and is continuing, if net insurance proceeds aggregate less than $200,000 or the Euro Currency Equivalent thereof, they must be applied to the restoration or replacement of the damaged property in which case such proceeds shall be held by the Lender as additional security for the Obligations.
Unless a Default has occurred and is continuing, the Obligors shall have the right to settle any insurance claim not exceeding $200,000 or the Euro Currency Equivalent thereof, and the Lender shall have the right to settle for the Obligors any insurance claim in excess of $200,000 or the Euro Currency Equivalent thereof or any amount during the continuance of a Default.
The Administrative Agent or the Issuing Lender, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of the Permanent Loans or Letters of Credit (or Stated Amounts) and other amounts outstanding hereunder denominated in Euros (and other applicable amounts in Euros) or in calculating any Euro Currency Equivalent for purposes hereof.
For purposes of this Note, the term "Euro Currency Equivalent" means, on the date that is two (2) Business Days prior to any date of determination, the amount of Euros which results from the sale of a given amount in Dollars, determined at the rate of exchange quoted generally by the Bank (as defined in Section 6) to its customers as the market rate of foreign exchange for the sale of Dollars for Euros.
For purposes of this Note, the term "Adjusted Per Share Amount" shall mean the quotient determined by dividing (A) 80% of the Average Per Share Amount (as defined herein), (B) by the Euro Currency Equivalent (as defined herein).
If a Default has occurred and is continuing or either (i) the cost to replace, repair or restore the damaged property or (ii) the net insurance proceeds aggregate $200,000 or the Euro Currency Equivalent thereof or more, the Lender shall determine, in its sole discretion, the manner in which net insurance proceeds are to be applied.
If a Default has occurred and is continuing or either (i) the cost to replace, repair or restore the damaged property or (ii) the net insurance proceeds aggregate $200,000 or the Euro Currency Equivalent thereof or more, the Lender shall determine, in its sole discretion, the manner in which net insurance’ proceeds are to be applied.