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, 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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Examples of Euro Equivalent Amount in a sentence

  • Each Loan shall be in an amount of at least €5,000,000 (or the Euro Equivalent Amount thereof in any Alternative Currency), and, if greater than €5,000,000, an integral multiple of €1,000,000 (or the Euro Equivalent Amount thereof in any Alternative Currency).

  • The Lenders shall each be deemed to have made a Loan to the applicable Borrower of its Applicable Commitment Percentage of each Loan in an Alternative Currency, and the Agent shall apply the Borrowing Date Exchange Rate for such new Interest Period to such Continued Alternative Currency Equivalent Amount to determine the new Euro Equivalent Amount of such Loan and shall adjust its books and the Outstandings.

  • If the Agent notifies the Borrowers at any time that the aggregate unpaid principal Euro Equivalent Amount of Outstandings exceeds the Total Commitment by more than 5%, then within two (2) Business Days of receipt of such notice the Borrowers shall make such payments and prepayments of Loans as shall be necessary to eliminate such excess.

  • The principal amount outstanding on any Loan shall be recorded in the Agent’s records in Euros (in the case of a Loan in an Alternative Currency as if the Loan had initially been made in Euros), based on the Euro Equivalent Amount of the initial 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 Loan) of any principal payments with respect to such Loan.

  • Not later than 5:00 P.M. (London time) two (2) Business Days preceding the date specified for each Loan of an Alternative Currency, the Agent shall provide the applicable Borrower and each Lender notice by telefacsimile transmission of the Borrowing Date Exchange Rate applicable to such Loan, and the applicable Alternative Currency Equivalent Amount of the Loan or Loans required to be made by each Lender on such date, and the Euro Equivalent Amount of such Loan or Loans and the applicable Offshore Rate.

  • All prepayments of Loans made by a Borrower shall be in the Euro Equivalent Amount of €5,000,000 or such greater Euro Equivalent Amount which is an integral multiple of €1,000,000 (provided that repayments in an Alternative Currency shall be approximately equal to such amounts), or the amount equal to all Outstandings, or such other amount as necessary to comply with Section 2.1(b).

  • 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).

  • The RC Lenders shall each be deemed to have made an RC Loan to the applicable RC Borrower of its Applicable Commitment Percentage of each RC Loan in an Alternative Currency, and the Agent shall apply the Borrowing Date Exchange Rate for such new Interest Period to such Continued Alternative Currency Equivalent Amount to determine the new Euro Equivalent Amount of such RC Loan and shall adjust its books and the RC Outstandings.

  • 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).

  • 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 (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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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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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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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.

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • U.S. Dollar Equivalent means with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 3.12(f).