RMB Equivalent means the currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document and notified to the Company promptly upon completion of the conversion.
RMB Equivalent means, in relation to an amount not in RMB, such amount in RMB calculated at the USD to RMB mid-point daily exchange rate published by the People’s Bank of China on the date of drawdown of the Onshore Loan.
RMB Equivalent means, with respect to any monetary amount in a currency other than RMB, at any time for the determination thereof, the amount of RMB obtained by converting such foreign currency involved in such computation into RMB at the base rate for the purchase of RMB with the applicable foreign currency as quoted by The People’s Bank of China on the date of determination.
Examples of RMB Equivalent in a sentence
Direct Lease Assets Seller Consideration RMB Equivalent amount of HK$ (Approx.) I Supplier I 8,836,000 10,774,296 II Supplier I 2,286,000 2,787,465 III Supplier II 29,929,100 36,494,452 Total 41,051,100 50,056,213 Basis of consideration: The relevant Consideration under each of the Sale and Purchase Agreements was determined after arm’s length negotiations between the Company and the relevant Suppliers with reference to the brand, the model and the market price of the relevant Direct Lease Assets.
More Definitions of RMB Equivalent
RMB Equivalent means currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document by reference to the seven-days’ forward rate of exchange for purchasing US$ with RMB as displayed on page “OTC CNH outright” of the Bloomberg screen or page CNYFWDVIEWIDX01 of the Thomas Reuters screen and notified to the Company at least thirty (30) days prior to the Closing Date.
RMB Equivalent means currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document by reference to the seven-days’ forward rate of exchange for purchasing US$ with RMB as displayed on page “OTC CNH outright” of the Bloomberg screen or page CNYFWDVIEWIDX01 of the Txxxxx Reuters screen and notified to the Company at least thirty (30) days prior to the Closing Date.
RMB Equivalent in relation to a sum in USD, means the sum in RMB to which
RMB Equivalent has the meaning ascribed to it in the Xi’an Loan Agreement;
RMB Equivalent. : means in respect of any relevant date of determination, in relation to an amount in a currency other than RMB, that amount converted into a RMB amount at the applicable spot rate of exchange announced by the People’s Bank of China effective as of 11:00 a.m. (Beijing time) on the business day immediately preceding the date of determination “SFO” : the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) “Shareholder(s)” : holder(s) of the ordinary shares of the Company “Stock Exchange” : The Stock Exchange of Hong Kong Limited “Subordination Deed” : the deed of subordination and assignment entered into among the Company, the Borrower, the HoldCo, the Onshore Company and the Ultimate HoldCo pursuant to which any financial indebtedness provided by the HoldCo, the Onshore Company and the Ultimate HoldCo to the Borrower is subordinated behind any or all of the secured liabilities as specified under the Facility Agreement “Ultimate HoldCo” : a company incorporated under the laws of the Cayman Islands with limited liability, which holds 100% of the issued share capital of the HoldCo and not less than 60% of the issued share capital of the Onshore Company “Ultimate HoldCo Liquidity Support Undertaking” : the undertaking entered into between the Company and the Ultimate HoldCo in relation to, among others, the procurement undertaking made by the Ultimate Holdco with respect to the Borrower’s payment obligations under the Facility Agreement and the security documents specified under the Facility Agreement “Ultimate HoldCo Security Perfection Guarantee” : the guarantee and indemnity granted by the Ultimate HoldCo to the Company with respect to, among others, the Borrower’s payment obligations under the Facility Agreement and the security documents specified thereunder “US$” : United States dollars, the lawful currency of the United States of America
RMB Equivalent means, with respect to any monetary amount in a currency other than RMB, at any time for the determination thereof, the amount of RMB obtained by converting such foreign currency involved in such computation into RMB at the base rate for the purchase of RMB with the applicable foreign currency as quoted by The People’s Bank of China on the Date of Determination;
RMB Equivalent the RMB equivalent of an HK$ amount determined with reference to the mid-point of the exchange rate as published by the People’s Bank of China (中國銀行) on the relevant payment date; “Sale Loan” being HK$80 million, representing 50% of the shareholders’ loan (subject to adjustments) due and owing by Champion Delight to SPG Management;