Peso Equivalent definition

Peso Equivalent means, with respect to any amount in Dollars, the amount, determined by reference to the Conversion Rate as of any date of determination, of Pesos that could be purchased with such amount of Dollars on such date.

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Peso Equivalent has the meaning given to that term in Section 6.4.

Peso Equivalent means with respect to an amount of Dollars on any date, the Peso amount that would result from the conversion of such Dollar amount into Pesos on such date, as determined by Administrative Agent using the Exchange Rate.

Examples of Peso Equivalent in a sentence

• For the purposes of determining the amount outstanding in Pesos, the Peso Equivalent of the Dollar amount on the date of the determination shall be used.

• The aggregate minimum amount of any prepayment of the Revolving Loans shall be at least US$1,000,000, and in multiples of US$500,000 thereof (or the Peso Equivalent of such amount) in excess thereof, or, if less, the aggregate principal amount of the Revolving Loans then outstanding.

• Interest Payment Dates: January 11, April 11, July 11 and October 11 of each year, commencing on July 11, 2017 Principal Payment Dates: April 11, 2020, 33% of original Peso Equivalent Principal Amount April 11, 2021, 33% of original Peso Equivalent Principal Amount April 11, 2022, remaining outstanding balance of original Peso Equivalent Principal Amount.

• In the event that, by Peso Payment Election Date, Purchaser and Seller are unable to mutually agree by such time, despite reasonable efforts, that there is certainty that the BSP will allow the BSRD Transfer, Purchaser shall, on Peso Payment Election Date, notify Sellers in writing that payment of the US Dollar First Payment shall be in its Peso Equivalent.

• Within one (1) Business Day of receipt of any amount of the Daily Provision, the Administrator shall transfer the portion of such funds constituting the Peso Equivalent of the IDB Daily Provision to a segregated Dollar sub-account of the CER (Borrower) Account (the "CER (Borrower) Dollar Account") to purchase either Dollars or Permitted Dollar Investments.

• The Company shall pay all amounts in respect of the principal of and interest on the Notes and any Additional Amounts in U.S. dollars, as calculated by the Calculation Agent by translating the Peso amounts, determined by reference to the Peso Equivalent Principal Amount Calculated into U.S. Dollars at the Applicable Exchange Rate on the relevant Calculation Date.

• Purchaser and Sellers agree that Escrow Account will be maintained in US Dollars and payments to Sellers from the Escrow Account will be in the Peso Equivalent of any undisputed amount to be released from the Escrow Account.

• The balance of the Escrow Amount, together with any interest accruing thereon shall be released to the Sellers in its Peso Equivalent.

• Each interest payment on the Notes will be payable in U.S. dollars in amounts that the Calculation Agent will determine on the Calculation Date (i) based on the then-outstanding Peso Equivalent Principal Amount of the Notes Outstanding and the relevant interest rate, and (ii) by translating the relevant Peso amount into U.S. dollars at the Applicable Exchange Rate.

More Definitions of Peso Equivalent

Peso Equivalent means, as of any date of determination and with respect to any non-Peso denominated amount, the amount of Pesos obtained by converting such foreign currency into Pesos at the exchange rate for the selling of Pesos on any one of the five Business Days immediately preceding such date of determination, with respect to such foreign currency amount, as reported by Banco de la Nación Argentina or as reported by Bloomberg LP, Reuters Group PLC or (if such information is not reported by Bloomberg LP or Reuters Group PLC) such other internationally recognized service for the publication of exchange rate data or information, as the Company may reasonably determine; provided, however, that if exchange rate data or information is not available as of such date of determination as a result of market conditions or otherwise, then the Peso Equivalent shall be determined by reference to exchange rate data or information that is available on any such date chosen by the Company during any such five Business Day period immediately preceding such date of determination.

Peso Equivalent means, with respect to any monetary amount in Pesos, at any time for the determination thereof, the amount of Dollars obtained or obtainable by converting the amount of Pesos involved in such computation into Dollars at the Applicable Currency Exchange Rate against delivery of Pesos at approximately 11:00 A.M. (Mexico City time) on the date of determination thereof.

Peso Equivalent means the equivalent in Mexican pesos of such amount, determined using an exchange rate of Ps.19.1645 per US$1.00, which is the “Exchange rate for settling obligations denominated in U.S. dollars payable in the Mexican Republic” (Tipo de cambio para solventar obligaciones denominadas en dólares de los EE.UU.A., pagaderas en la República Mexicana) published by the Bank of Mexico (Banco de México) in the Official Gazette (Diario Oficial de la Federación) on June 14, 2019.

Peso Equivalent on any date of determination (a) with respect to any amount in Pesos, such amount, and (b) with respect to any amount in any currency other than Pesos, the equivalent in Pesos of such amount, using the Exchange Rate with respect to such currency at the time in effect under the provisions of Section 1.05.

Peso Equivalent means the Peso equivalent amount into which the US$ Purchase Price under this Agreement shall be converted using the 15-day

Peso Equivalent means the Peso equivalent amount into which the US$ Purchase Price under this Agreement shall be converted using the 15-day average US Dollar- Peso exchange rate of the Philippine Dealing System as published by the BSP on its official website ▇▇▇.▇▇▇.▇▇▇.▇▇, in its Key Rates page, which 15-day averaging period starts on the 21st day and ends on the 7th day, in each case immediately prior to the relevant date when a Peso payment is due.