Dollar Equivalent Value definition

Dollar Equivalent Value means, at any time, with respect to an amount of any Permitted Currency (other than Dollars), an amount of Dollars into which the Administrative Agent determines that it could, in accordance with its practice from time to time in the interbank foreign exchange market, convert such amount of Permitted Currency at its spot rate of exchange in effect at or about 11:00 a.m., London, England time, on the day on which such calculation is made.
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Dollar Equivalent Value of a specified number of ounces of gold means the Reference Gold Price multiplied by such number of ounces.
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Dollar Equivalent Value means, with respect to an amount of any Alternative Currency as of a specific determination date, an amount of Dollars into which such amount of that Alternative Currency could be converted based on the rate of exchange for that Alternative Currency as reported on the Bloomberg FXBE Page as of 9:00 a.m., New York City time, for the date of determination. In the event that such rate is not reported on the Bloomberg FXBE Page for the date of determination, the Dollar Equivalent Value shall be determined by reference to such other publicly available service displaying exchange rates as may be agreed upon by the Administrative Agent and EDS, or, in the absence of such agreement, such exchange rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of the applicable currencies are then being conducted, at or about 10:00 a.m., New York City time, on such date for the purchase of US Dollars with such other currency for delivery two Business Days later; provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with EDS, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be presumed correct absent manifest error.
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Examples of Dollar Equivalent Value in a sentence

  • One or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 (or the Dollar Equivalent Value thereof) shall be rendered against EDS, any EDS Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of EDS or any EDS Subsidiary to enforce any such judgment.

  • Any Lender may request at any time or from time to time that the Administrative Agent determine the Dollar Equivalent Value of the principal amount of all outstanding Loans for purposes of evaluating whether the Dollar Equivalent Value of the outstanding principal amount of all outstanding Loans exceeds the Aggregate Committed Sum.

  • At or before thirty minutes after the time for delivery of a Notice of Advance pursuant to Section 2.2(a) the Administrative Agent will make a determination of the Dollar Equivalent Value of the outstanding Loans for purposes of calculating whether the making of the requested Loan would cause the aggregate outstanding amount of the Loans, including the requested Loan, to exceed the Aggregate Committed Sum.

  • Each Loan, except Loans for the remaining unborrowed Aggregate Committed Sum, shall be in an amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 (or, if advanced in an Alternative Currency, in an amount of such currency having a Dollar Equivalent Value, on the Borrowing Date, substantially equal to $5,000,000 or a greater integral multiple of $1,000,000).

  • Concurrently with the delivery of 2015 Bonds on the Exchange Date, the Republic shall pay to the Dealer Manager or an affiliate, in U.S. dollars, the Dollar Equivalent Value of all unpaid interest accrued on the Yen Bonds delivered to the Republic through (but excluding) the Exchange Date.

  • EDS shall fail to pay any money judgment in excess of $50,000,000 (or, in the case of a money judgment denominated in a currency other than Dollars, any money judgment having a Dollar Equivalent Value in excess of $50,000,000) against it or its assets at least ten (10) days prior to the date on which its assets may be sold lawfully to satisfy such judgment.

  • For purposes of calculating LC Participation Fees, each Fronting Bank will calculate the Dollar Equivalent Value of LC Exposure attributable to Alternative Currency Letters of Credit issued by it that are outstanding during any month based on the relevant exchange rate determined at the beginning of such month and notify the Administrative Agent on a monthly basis of such Dollar Equivalent Value.

  • Each Committed Loan, except Committed Loans for the remaining unborrowed Aggregate Committed Sum, shall be in an amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 (or, if advanced in an Alternative Currency, in an amount of such currency having a Dollar Equivalent Value, on the Borrowing Date, substantially equal to $5,000,000 or a greater integral multiple of $1,000,000).

  • For purposes of determining utilization of each Bank's Commitment in order to calculate the commitment fee due under Section 5.1, the amount of any outstanding Alternate Currency Loan and Letters of Credit denominated in Alternate Currency on any date shall be determined based upon the Dollar Equivalent Value as of the most recent Computation Date with respect to such Alternate Currency Loan and Letters of Credit.

  • Any Lender may request at any time or from time to time that Administrative Agent determine the Dollar Equivalent Value of the principal amount of all outstanding Committed Loans made by such Lender for purposes of evaluating whether the Dollar Equivalent Value of the outstanding principal amount of all outstanding Committed Loans of such Lender exceeds the Committed Sum of such Lender.


More Definitions of Dollar Equivalent Value

Dollar Equivalent Value means, with respect to an amount of any Alternate Currency, an amount of Dollars into which the Agent determines that it could, in accordance with its practice from time to time in the interbank foreign exchange market, convert such amount of Alternate Currency, determined by using its applicable quoted spot rate on the date on which such equivalent is to be determined pursuant to the provisions of this Agreement. The equivalent in Dollars of each Letter of Credit and Loan made in an Alternate Currency shall be recalculated hereunder on each date that it shall be necessary to determine the portion of each Bank's Unused Commitment or any or all Loans or Letter of Credit Outstandings on such date, including without limitation on each Computation Date.
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Dollar Equivalent Value means for purposes of the provisions of this Agreement, (i) the equivalent in Dollars of any Alternate Currency and (ii) the equivalent in any Alternate Currency of Dollars shall be determined by using the quoted spot rate at which the Agent or any Affiliate of the Agent offers to exchange Dollars for such Alternate Currency on the date on which such equivalent is to be determined pursuant to the provisions of this Agreement. The equivalent in Dollars of each Letter of Credit made in an Alternate Currency shall be recalculated hereunder on each date that it shall be necessary to determine the portion of each Bank's Unused Commitment or any or all Letter of Credit Outstandings on such date.
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Dollar Equivalent Value means, with respect to an amount of any Canadian Dollars, an amount of Dollars into which the Agent determines that it could, in accordance with its practice from time to time in the interbank foreign exchange market, convert such amount of Canadian Dollars, determined by using its applicable quoted spot rate on the date on which such equivalent is to be determined pursuant to the provisions of this Agreement.
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Dollar Equivalent Value by the Agent shall be conclusive and binding on the Borrower and the Banks in the absence of manifest error.
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Related to Dollar Equivalent Value

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the applicable L/C Issuer, 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 Dollars with such Alternative Currency.

  • U.S. Dollar Equivalent means with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 3.12(f).