Common use of Dollar Equivalent Clause in Contracts

Dollar Equivalent. Unless specifically stated to the contrary, each reference to any amount in this Agreement shall be deemed to mean a reference to the Dollar Equivalent of such amount. For purposes of determining Issuers’ compliance with any provision of Articles V or VI hereof, the Dollar Equivalent amount of any transaction or incurrence of a Liability shall be determined solely at the time of the consummation of a transaction or incurrence of any Liability which requires compliance with such provision and shall be re- determined solely at the time of the consummation of any subsequent transaction or incurrence of a Liability requiring compliance with the same provision.

Appears in 3 contracts

Samples: Restructuring and Lock Up Agreement (Constar International Inc), Note Purchase Agreement, Possession Note Purchase Agreement (Constar International Inc)

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Dollar Equivalent. Unless specifically stated to the contrary, each reference to any amount in this Agreement shall be deemed to mean a reference to the Dollar Equivalent of such amount. For purposes of determining Issuers’ Borrower’s compliance with any provision of Articles V or VI hereof, the Dollar Equivalent amount of any transaction or incurrence of a Liability shall be determined solely at the time of the consummation of a transaction or incurrence of any Liability which requires compliance with such provision and shall be re- re-determined solely at the time of the consummation of any subsequent transaction or incurrence of a Liability requiring compliance with the same provision.

Appears in 1 contract

Samples: Credit Agreement (Constar International Inc)

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