Rand Equivalent definition

Rand Equivalent means the official closing mid-market US Dollar to South African Rand exchange rate on the date on which each monthly invoice is issued, as published by Bloomberg (hxxxx://xxx.xxxxxxxxx.xxx/xxxxx/USDZAR:CUR) at 11h00 (South African time) on the date on which such invoice is issued (or if no such date is quoted by Bloomberg, then the official closing mid-market US Dollar to South African Rand exchange rate published on the Reuters Screen FX Page as at 11h00 (South African time) on the date on which such invoice is issued);
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Rand Equivalent means the following US$/ Rand foreign exchange rate: 1US$ = R12.2732. The Parties hereby agree that the aforesaid US$ / Rand foreign exchange rate is the US$ / Rand foreign exchange rate on 29 June 2015;
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Rand Equivalent means the Rand equivalent of a US$ amount calculated with reference to an agreed Rand-Dollar rate of exchange of US$1 = R9.8946;
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More Definitions of Rand Equivalent

Rand Equivalent means the rand equivalent of a United States dollar, being the arithmetic average of the bid and offer rates quoted by any representative of Absa Bank Limited, whose appointment and designation it will not be necessary to prove, as at 10h00 on the relevant date of determination;
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Rand Equivalent means, with respect to any monetary amount in a currency other than Rand, at any time for the determination thereof (which shall be at or about 12:00 p.m., Johannesburg time unless the context otherwise permits), the amount of Rand obtained by converting such foreign currency involved in such computation into Rand at the spot rate for the purchase of Rand with the applicable foreign currency, as derived from the Relevant Page or, if such rate cannot be obtained at such time, on the immediately preceding day on which such rate can be so determined, as determined by the Calculation Agent on the date two Business Days prior to such determination;
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Rand Equivalent means, with respect to any monetary amount in a currency other than Rand, at any time for the determination thereof, the amount of Rand obtained by converting such foreign currency involved in such computation into Rand at the spot rate for the purchase of Rand with the applicable foreign currency, as quoted by the Calculation Agent on the date two Business Days prior to such determination;
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Related to Rand Equivalent

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

  • USD Equivalent means (i) in respect of each FX Offsetting Transaction, each FX Direct Transaction and each Reverse Dealer Transaction that is a FX Transaction or Currency Option Transaction (assuming (1) the exercise of any Currency Option Transaction and (2) in respect of any Non-Deliverable FX Transaction, the actual exchange of the amounts of the relevant currencies), (y) if there is a USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, such USD amount or (z) if there is no USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, then the Dollar Value, determined by JPMC, of the amount of currency payable to JPMC under such FX Offsetting Transaction or Reverse Dealer Transaction, as the case may be, and (ii) in respect of each Bullion Offsetting Transaction, each Bullion Direct Transaction, or Reverse Dealer Transaction that is a Bullion Trade or Bullion Option, as the case may be, (assuming the exercise of any Bullion Option), the Dollar Value, determined by JPMC, of the relevant quantity of Bullion payable to JPMC under such Bullion Offsetting Transaction, Bullion Direct Transaction, or Reverse Dealer Transaction, as the case may be,.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Dose equivalent (HT means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Distribution Equivalent Right means an Award granted under Article XIII of the Plan which entitles the Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Other Stock-Based Award means any right granted under Section 6(f) of the Plan.

  • Cash Equivalent Investment means, at any time:

  • Cash Equivalent Investments means at any time:

  • Other Stock-Based Awards means Awards granted to a Participant under Section 6(i) hereof.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Other Stock Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.