Yen Equivalent definition

Yen Equivalent means, at any time, (a) with respect to any amount denominated in Yen, such amount, and (b) with respect to any amount denominated in any Alternative Currency under the Yen Tranche, the equivalent amount thereof in Yen as determined by Yen Funding Agent or the applicable Yen L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Yen with such Alternative Currency.

Yen Equivalent means, as to any amount denominated in Dollars as of any date of determination, the equivalent amount in Yen as determined by Agent on the basis of the Telegraphic Transfer Mid Rate quoted by Bank of Tokyo Mitsubishi at or about 10:00 a.m. (Tokyo time) on such date.

Yen Equivalent means the amount converted into Yen using the 12:00 p.m. New York City quoted spot rate appearing at xxxx://xxx.xxxxx.xxx/currency/converter for Dollars on such day or, if such day is not a Business Day, on the immediately preceding Business Day; provided that, to the extent that a spot rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Yen Equivalent” shall be the rate at which Citibank offers, in accordance with normal banking industry practice, to exchange Dollars in New York City prior to 12:00 p.m., New York City time, on such date.”

Examples of Yen Equivalent in a sentence

• Administrative Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date.

• This acquisition was not accompanied by the required consent of the Minister of Indian Affairs to the assignment of rights.

• Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency).

• The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of the Yen Equivalent of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.

• Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for calculating the Dollar Equivalent amount, the Euro Equivalent amount, the Sterling Equivalent amount and the Yen Equivalent amount of Loans and any Loans denominated in the Alternative Currency of each applicable Tranche.

More Definitions of Yen Equivalent

Yen Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Yen as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Yen with Dollars.

Yen Equivalent means the amount of Yen into which another currency is converted using the Applicable Exchange Rate.

Yen Equivalent means, at any time, (a) with respect to any amount denominated in Yen, such amount, and (b) with respect to any amount denominated in any other currency, the equivalent amount thereof in Yen as determined by Administrative Agent, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Yen with such currency. 16257277_9

Yen Equivalent means, on any date of determination, with respect to any amount denominated in any currency other than Yen, the equivalent in Yen of such amount, determined by the Administrative Agent pursuant to Section 1.2(a) using the applicable Exchange Rate then in effect.

Yen Equivalent means the amount of Yen obtained by converting the amount of other currency involved in such computation into Yen at the spot rate for the purchase of Yen with such other currency as quoted by the principal Tokyo branch of Citibank, N.A. at approximately 11:00 a.m. (Tokyo time) on the day two (2) Business Days prior to any determination thereof.

Yen Equivalent of a dollar amount means that amount of dollars converted to yen at the Agent's Rate of Exchange on the Business Day prior to the proposed date for making that Loan.

Yen Equivalent means, at any time for the determination thereof, the amount of Yen which could be purchased with the amount of Dollars involved in such computation at the spot exchange rate therefor as quoted by the Agent as of 11:00 A.M. (London time) on the date two Business Days prior to the date of any determination thereof for purchase on such date.