Alternate Currency Equivalent definition

Alternate Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternate Currency as determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternate Currency with Dollars.

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Alternate Currency Equivalent means, on any date, with respect to any amount denominated in a given currency, the amount of Alternate Currency that would be required to purchase such amount of such given currency at or about 11:00 a.m., Local Time, on such date, for delivery two Business Days later, as determined by the Administrative Agent on the basis of the spot selling rate for the offering of such given currency for Alternate Currency in the Principal Financial Center for the applicable given currency, all determinations thereof by the Administrative Agent to be conclusive and binding on the parties in the absence of manifest error.

Alternate Currency Equivalent means, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternate Currency 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 such Alternate Currency with Dollars.

Examples of Alternate Currency Equivalent in a sentence

• Wherever in this Agreement in connection with a Credit Extension, conversion, continuation or prepayment of a Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Credit Extension is denominated in an Alternate Currency, such amount shall be the relevant Alternate Currency Equivalent of such Dollars, as determined by the Administrative Agent.

• Wherever in this Agreement in connection with a Credit Extension, conversion, continuation or prepayment of a Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Credit Extension is denominated in an Alternate Currency, such amount shall be the relevant Alternate Currency Equivalent of such Dollars, as determined by the Revolving Loan Administrative Agent.

• Each Guarantor further agrees that if payment in respect of any Obligations shall be due in a currency other than Dollars and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Obligations in such currency shall be impossible, such Guarantor shall make payment of such Obligation in Dollars (based upon the applicable Alternate Currency Equivalent in effect on the date of payment).

• Upon completion of twelve months of employment, the employee will receive ninety-five percent of the job rate.

• Each partial prepayment of the Equipment Acquisition Loans shall be in a principal amount of at least $100,000, or the Alternate Currency Equivalent thereof, and shall be applied to the principal installments of the Equipment Acquisition Loans in the inverse order of their maturities, together with all amounts due under SECTION 3.10 as a result of such prepayment.

More Definitions of Alternate Currency Equivalent

Alternate Currency Equivalent means, at any time, with respect to any amount denominated in dollars, the equivalent amount thereof in the applicable Alternate Currency as determined by the Administrative Agent or an Issuing Bank, as the case may be, by reference to Bloomberg (or such other publicly available service for displaying exchange rates), to be the exchange rate for the purchase of such Alternate Currency with dollars at approximately 11:00 a.m. on the date two (2) Business Days prior to the date as of which the foreign exchange computation is made; provided, however, that if no such rate is available, the “Alternate Currency Equivalent” shall be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, using any reasonable method of determination its deems appropriate in its sole discretion (and such determination shall be conclusive absent manifest error).

Alternate Currency Equivalent means the Canadian Dollar Equivalent, Euro Equivalent, LIBOR-Based Alternate Currency Equivalent or Non-LIBOR-Based Alternate Currency Equivalent, as the case may be.

Alternate Currency Equivalent means, with respect to any amount in Dollars, the amount of an Alternate 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, each such determination to be conclusive and binding on the parties in the absence of manifest error.

Alternate Currency Equivalent on any date of determination thereof, ----------------------------- the amount, as determined by the Administrative Agent, of the relevant Alternate Currency which could be purchased with the amount of Dollars involved in such computation at the spot rate at which such Alternate Currency may be exchanged into Dollars as set forth on such date on Dow ▇▇▇▇▇ Telerate pages 262, 264, 265, 266 or 9993 (or any successor pages) or, if such rate does not appear on such pages, at the arithmetic mean of the respective spot exchange rates therefor notified to the Administrative Agent by BNY as of 11:00 A.M. (London time) on such date for delivery two Business Days later.

Alternate Currency Equivalent means, as to any amount denominated in dollars as of any date of determination, the amount of the applicable Alternate Currency that could be purchased with such amount of dollars based upon the Spot Rate.

Alternate Currency Equivalent with respect to any Alternate Currency, on any date of determination thereof, the amount of such Alternate Currency which could be purchased with the amount of US Dollars involved in such computation at the spot rate at which such Alternate Currency may be exchanged into US Dollars as set forth on such date on (i) the applicable Reuters pages, or (ii), if such rate is not set forth on such Reuters pages, on the applicable Telerate Service pages, or (iii) if such rate does not appear on such Reuters or Telerate Service pages, at the spot exchange rate therefor as determined by the Agent, in each case as of 11:00 a.m. (London time or such other local time as the Agent shall deem appropriate) on such date of determination thereof.

Alternate Currency Equivalent means the Canadian Dollar Equivalent, Euro Equivalent or Pounds Sterling Currency Equivalent, as the case may be.