Equivalent Amount Clause Samples
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Equivalent Amount. For purposes of this Agreement, the Equivalent Amount of each Loan not denominated in Dollars shall be calculated on the date when any such Loan is made, such Letter of Credit is issued, and at such other times as designated by the Administrative Agent. Such Equivalent Amount shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is delivered to the US Company, it being understood that until such notice of such recalculation is delivered, the Dollar Equivalent shall be that Dollar Equivalent as last reported to US Company by the Administrative Agent. The Administrative Agent shall promptly notify US Company and the Lenders of each such determination of the Equivalent Amount of each such Loan.
Equivalent Amount. At any time, as determined by the Lender (which determination shall be conclusive absent manifest error), with respect to an amount of any currency (the "REFERENCE CURRENCY") which is to be computed as an equivalent amount of another currency (the "EQUIVALENT CURRENCY"): (i) if the Reference Currency and the Equivalent Currency are the same, the amount is such Reference Currency; or (ii) if the Reference Currency and the Equivalent Currency are not the same, the amount is such Equivalent Currency converted from such Reference Currency at the Lender's spot selling rate (based on the market rates then prevailing and available to the Lender) for the sale of such Equivalent Currency for such Reference Currency at a time determined by the Lender on the second Business Day immediately preceding the event for which such calculation is made.
Equivalent Amount to the extent it is necessary to determine compliance with any provision hereof for which measurement is based on Dollars, any amount of any currency shall be deemed to be converted to the Dollar Equivalent Amount.
Equivalent Amount. For the purpose of determining compliance with covenant and default limitations set forth in the Agreements, amounts expressed in U.S. Dollars shall be measured by aggregating the Equivalent Amount of the applicable items denominated in U.S. Dollars with the items in Canadian Dollars.
Equivalent Amount. All payments of any kind whatsoever made by Grantor (or any other applicable Person) under or in connection with this Agreement, the Notes or any other Transaction Document shall be made in U.S. dollars. Notwithstanding the foregoing, the Secured Parties shall use the Equivalent Amount (as defined below) to determine whether any repayment or any other payment amount of any kind whatsoever made by Grantor (or any other applicable Person) to Secured Parties in Canadian dollars equals the equivalent of the applicable U.S. Dollar amount as determined by the Secured Parties with regard to such repayment or other payment amount. For purposes of this Agreement, the term "Equivalent Amount" shall mean the amount of U.S. dollars into which Canadian dollars may be converted or the amount of Canadian dollars into which U.S. dollars may be converted at the noon spot buying rate of [________] in New York, New York, USA as determined by the Secured Parties on any repayment or any other payment amount date, as the case may be.
Equivalent Amount. The definition of “Equivalent Amount” in Section 1.01 of the Credit Agreement is hereby amended by deleting such definition and replacing it with the following: