Specified Currency Equivalent definition

Specified Currency Equivalent means with respect to any amount in Dollars on any date, the amount of relevant Specified Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate specified in the definition of “Dollar Equivalent”, as determined by the Administrative Agent in its discretion in accordance with Section 1.6 on the basis of the applicable Exchange Rate, such determinations to be conclusive and binding on the parties in the absence of manifest error.
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Specified Currency Equivalent means, in respect of a Share of the Underlying Fund and an Underlying Currency price or amount, such Underlying Currency price or amount divided by the rate of exchange of the Underlying Currency for the Specified Currency (expressed as the number of Underlying Currency per Specified Currency) as (i) the offer rate of exchange (as aforesaid) as displayed on the Reuters Screen related to the relevant Underlying Currency at approximately 11:00 a.m. local time in London on the day two (2) Currency Business Days prior to the related Valuation Date, Determination Date or Fund Application Date (as applicable); except that the rate of exchange for determining the Underlying Fund Value final, shall be the relevant rate of exchange (as aforesaid) that the Calculation Agent shall determine would be available to the Issuer or its affiliate in the market at the relevant time;
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Examples of Specified Currency Equivalent in a sentence

  • Each reference to any amount in Dollars will also refer, where relevant, to the Specified Currency Equivalent thereof.

  • Unless otherwise specified herein, for purposes of determining the Dollar Equivalent or Specified Currency Equivalent of any amount expressed herein, such equivalent shall be determined by reference to the Exchange Rate as of the relevant date of determination.

  • Each reference to any amount in Euro will also refer, where relevant, to the Specified Currency Equivalent thereof.

  • Unless otherwise specified herein, for purposes of determining the Euro Equivalent or Specified Currency Equivalent of any amount expressed herein, such equivalent shall be determined by reference to the Euro Exchange Rate as of the relevant date of determination.