Euro Equivalent Amount definition

Euro Equivalent Amount of any currency at any date shall mean (i) the amount of such currency if such currency is in Euros or (ii) the Equivalent Amount of Euros if such currency is any currency other than Euros, calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Agent for such currency on the London market at 11:00 a.m., London time, on such date or as most recently determined in good faith by the Agent.
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Euro Equivalent Amount means, (a) with respect to any amount denominated in Euros, such amount and (b) with respect to a specified Alternative Currency amount, the amount of Euros into which the Alternative Currency amount would be converted, based on the applicable Borrowing Date Exchange Rate, provided, however, that, for purposes of any determination of compliance with Sections 2.1(a), 2.1(b) and 5.2(d), the Euro Equivalent Amount of any amount denominated in an Alternative Currency shall be calculated on the basis of the Spot Rate of Exchange on the date of such determination.
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Euro Equivalent Amount means (i) with respect to any amount of Dollars on any day, the equivalent amount in Euros of such amount of Dollars as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Euros, such amount.
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Examples of Euro Equivalent Amount in a sentence

  • If at any time the aggregate unpaid principal Euro Equivalent Amount of RC Outstandings shall exceed the Total RC Commitment by more than 5%, the RC Borrowers shall immediately make such payments and prepayments of RC Loans as shall be necessary to eliminate such excess.

  • Each RC Loan under the RC Facility shall be in an amount of at least E5,000,000 (or the Euro Equivalent Amount thereof in any Alternative Currency), and, if greater than E5,000,000, an integral multiple of E1,000,000 (or the Euro Equivalent Amount thereof in any Alternative Currency).

  • Borrowing Date Exchange Rate) necessary to ensure that the Euro Equivalent Amount of all RC Outstandings does not exceed the Total RC Commitment, provided, however, that no RC Borrower shall be required to pay any additional compensation pursuant to Section 4.4 with respect to a prepayment of an RC Loan required by this sentence if such prepayment is made immediately on the effective date of the Continuation giving rise to such prepayment and no notice of such prepayment shall be required.

  • The principal amount outstanding on any RC Loan shall be recorded in the Agent's records in Euros (in the case of an RC Loan in an Alternative Currency as if the RC Loan had initially been made in Euros), based on the Euro Equivalent Amount of the initial RC Loan in an Alternative Currency, as reduced from time to time by the Euro Equivalent Amount (based on the Borrowing Date Exchange Rate applicable to such RC Loan) of any principal payments with respect to such RC Loan.

  • A positive indirect effect may be increased access to areas for Tribal members to collect traditional plant resources or conduct other traditional activities.

  • All prepayments of RC Loans made by an RC Borrower shall be in the Euro Equivalent Amount of E5,000,000 or such greater Euro Equivalent Amount which is an integral multiple of E1,000,000 (provided that repayments in an Alternative Currency shall be approximately equal to such amounts), or the amount equal to all RC Outstandings, or such other amount as necessary to comply with Section 2.1(b).

  • SARS disallowed the deduction on the basis that the leave and bonus payments are not deductible in terms of section 11(a) notice or section 7B since there is no unconditional obligation to pay these amounts and leave and notice are deductible when paid to employees and PAYE is deducted; and that leave pay and bonus expenses are only deductible in terms of section 7B at the time that the appellant makes payment of such amounts as remuneration to its employees.

  • Except to the extent provided in the proviso to the definition of the term "Euro Equivalent Amount", for the purposes of determining the maximum amount of RC Outstandings hereunder, it is intended by the parties that all RC Loans shall be the functional equivalent of RC Loans made and repaid (based on the applicable Borrowing Date Exchange Rate for each RC Loan) in Euros.


More Definitions of Euro Equivalent Amount

Euro Equivalent Amount means, with respect to a specified amount of British Pounds Sterling, the amount of euro into which such amount of British Pounds Sterling would be converted, based on the applicable Spot Rate of Exchange.
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Euro Equivalent Amount of any currency at any date shall mean (i) the amount of such currency if such currency is in Euros or (ii) the Equivalent Amount of Euros if such currency is any currency other than Euros.
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Euro Equivalent Amount means, on any date and in respect of any amount not denominated in the Base Currency, that amount converted into the Base Currency at the Agent's Spot Rate of Exchange on the date which is one Business Day before that date.]
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Related to Euro Equivalent Amount

  • Euro Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Euros as 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 Euros with Dollars.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as 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 Alternative Currency.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as 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 such Alternative Currency with Dollars.

  • Dollar Amount The dollar amount of the suspected error. • Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake. You must contact us: • Within 60 days after the error appeared on your statement. • At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong. You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.