US$ Equivalent definition

US$ Equivalent means, in respect of each Option that has an exercise price denominated in Canadian dollars, the amount of such exercise price expressed in U.S. dollars calculated on the basis of the daily exchange rate posted by the Bank of Canada for conversions of Canadian dollars to U.S. dollars on the Business Day immediately preceding the Effective Date.

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US$ Equivalent on any date of determination, with respect to any amount in C$, the equivalent in US Dollars of such amount, determined by the US Administrative Agent using the Canadian Exchange Rate then in effect.

US$ Equivalent means, on any day, the amount of U.S. Dollars that the Administrative Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the Bank of Canada noon spot rate on such day.

Examples of US$ Equivalent in a sentence

After all applicable grace or cure periods have expired, any default, event of default or similar condition or event (however described) in respect of the Borrower or any Restricted Subsidiary occurs or exists under (1) any bilateral credit facility with any Lender or its Affiliate or (2) any Pari Passu Debt in respect of obligations of the Borrower or any Restricted Subsidiary aggregating in excess of U.S.$25,000,000 (or the U.S. Equivalent thereof in Cdn.
The making of each Swing Line Advance shall constitute a Drawdown hereunder and shall reduce the availability of the Credit Facility by the U.S. Equivalent of such Swing Line Advances.
For the purpose of calculating such maximum amount and the Outstandings and for any other relevant provision of this Agreement, the principal amount of any LC Issue shall be the maximum amount in U.S. Dollars (for which purpose any amount payable in any other currency shall be deemed to be the U.S. Equivalent thereof) which the LC Issuer may in all circumstances be required to pay pursuant to the terms thereof.
Silver: Pay for 95%, minimum deduct of 1.0 ▇▇▇▇ ounce, based on an adjusted fire assay or ounces recovered, whichever is more, at the London Spot US Equivalent price for silver, as published by Metals Week, averaged over the quotational period, less a Refining Charge of $0.35 per payable ▇▇▇▇ ounce.
The Utilization Fee will be calculated on a per annum basis based on a year of 365 days and the U.S. Equivalent of the Outstandings at the end of each day during the applicable Fiscal Quarter, or part thereof (in the case of the Fiscal Quarter in which the Maturity Date occurs), up to and including the Maturity Date.

More Definitions of US$ Equivalent

US$ Equivalent on any date of determination, with respect to any amount in any Local Currency, the equivalent in Dollars of such amount, determined by the Administrative Agent using the Exchange Rate with respect to such Local Currency then in effect as determined pursuant to Section 3.

US$ Equivalent means, at the date of determination, the amount of U.S. Dollars that the Administrative Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the Bank of Canada noon spot rate on such date.

US$ Equivalent means, on any day, the amount of U.S. Dollars that the Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the spot rate at which U.S. Dollars are offered at the start of such day by CIBC in Toronto, Ontario.

US$ Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, at any time of determination, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the average of the spot rates for the purchase and sale of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal on the date two Business Days prior to such determination.

US$ Equivalent means, on any date, the equivalent amount in United States Dollars after giving effect to a conversion of a specified amount of Canadian Dollars to United States Dollars at the Bank's noon spot rate of exchange for Canadian Dollars to United States Dollars established by the Bank for the day in question.

US$ Equivalent means, on any day and with respect to any amount denominated in Canadian Dollars, the amount of U.S. Dollars which would be required to buy such amount of Canadian Dollars at the Bank of Canada noon rate at such time on any day (as quoted or published by the Bank of Canada).