GBP Equivalent definition

GBP Equivalent means, with respect to any amount in USD, the amount of GBP that could be purchased with such amount of USD using the reciprocal foreign exchange rate(s) obtained as described in the definition of the term Spot Rate.
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GBP Equivalent means, with respect to any monetary amount in a currency other than GBP, at any time of determination thereof, the amount of GBP obtained by converting such currency other than GBP involved in such computation into GBP at the spot rate for the purchase of GBP with the applicable currency other than GBP as published in the Financial Times in the “Currency and Financial Data” section (or if the Financial Times is no longer published, or if such information is no longer available in the Financial Times, such source as may be selected in good faith by the Issuer) on the date of such determination. Except as expressly provided otherwise, whenever it is necessary to determine whether the Issuer or any of its Restricted Subsidiaries has complied with any covenant or other provision in the Indenture or if there has occurred an Event of Default and an amount is expressed in a currency other than the GBP, such amount will be treated as the GBP Equivalent determined as of the date such amount is initially determined in such non-GBP currency.
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GBP Equivalent. At any time, (a) with respect to any amount denominated in GBP, such amount, and (b) with respect to any amount denominated in any currency other than GBP, the equivalent amount thereof in GBP as determined by the Applicable Agent or the Issuing Lender, 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 GBP with such other currency.
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Examples of GBP Equivalent in a sentence

  • No. 94184-81797; 8628881797 Director,E mail: directorhpuils@gmail.com; directoruils4@gmail.com U.I.L.S, Ava-Lodge Campus,Chaura-Maidan, Shimla-04 (H.P).

  • Available amounts in accordance with the Issuer Post-Acceleration Priority of Payments will be allocated on a pro rata basis by reference to the respective GBP Equivalent amounts of such Notes determined using the applicable prevailing Spot Rate.

  • Following Rates are used for conversion of the Amount : a 1 USD Equivalent to Rs. 53.97b 1 GBP Equivalent to Rs.81.66 c 1 MXP Equivalent to Rs.4.37 d 1 PLN Equivalent to Rs.16.80 e 1 BLR Equivalent to Rs. 26.80For and on behalf of the Board of Directors R.K. JainPresident (Corp.

  • On a show of hands every person who is present in person and produces a Class A2b Note or is a proxy shall have one vote and on a poll every person so present shall have one vote in respect of each £1 in principal amount of the GBP Equivalent Initial Principal Amount of the Class A2b Notes then outstanding.

  • On a show of hands every person who is present in person and produces a Class C1a Note or is a proxy shall have one vote and on a poll every person so present shall have one vote in respect of each £1 in principal amount of the GBP Equivalent Initial Principal Amount of the Class C1a Notes then outstanding.

  • However, if on any Calculation Date the amounts standing to the credit of the Class A2 Cash Accumulation Ledger exceed the amount required to fully repay the GBP Equivalent Principal Amount Outstanding of the Class A2 Notes on the immediately following Payment Date, such excess shall be available on such Payment Date for application towards payment of other items in the applicable Priority of Payments.

  • On a show of hands every person who is present in person and produces a Class B1b Note or is a proxy shall have one vote and on a poll every person so present shall have one vote in respect of each £1 in principal amount of the GBP Equivalent Initial Principal Amount of the Class B1b Notes then outstanding.

  • For the purpose of voting and Extraordinary Resolutions, the Class A1 Noteholders and the Class A2 Noteholders shall vote together as the Class A Noteholders (with the voting rights to be calculated based upon the aggregate Principal Amount Outstanding of the Class A1 Notes and the GBP Equivalent Principal Amount Outstanding of the Class A2 Notes (which will be determined by applying the Exchange Rate)).

  • Every question submitted to the Meeting will be decided on a show of hands unless a poll is duly demanded by the Chairman of the Meeting, the Issuer or by two or more persons present being holders of Class B2 Notes or being proxies and holding or representing in the aggregate not less than one-fiftieth of the aggregate GBP Equivalent Principal Amount Outstanding of the Class B2 Notes for the time being outstanding.

  • Second, lower cash reserves require treated acquiring firms to use stocks as the major payment method.


More Definitions of GBP Equivalent

GBP Equivalent means, with respect to any amount in USD, the amount of GBP that could be purchased with such amount of USD using the reciprocal foreign exchange rate(s) obtained as described in the definition of the term Spot Rate. ​
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GBP Equivalent has the same meaning as in the Administration Agreement.
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GBP Equivalent means, in respect of Bond Securities denominated in a currency other than GBP, the nominal amount of such Bond Securities converted into GBP at the Relevant FX Rate.The Swap Counterparty shall deliver the Replacement Securities and pay any relevant Excess Amount to the Issuer in exchange for payment or delivery by the Issuer to the Swap Counterparty of the relevant Replaced Securities. The Trustee shall not be liable to the Issuer, the Noteholders or any other person and the Issuer shall not be liable to the Trustee, the Swap Counterparty or the Noteholders, in each case for any loss arising from any arrangement referred to in the Replacement Notice or otherwise from the operation of this Condition 4(g)(i).(ii) If (1) any of the Bond Securities (A) becomes payable or repayable or becomes capable of being declared due and repayable prior to their stated date of maturity for whatever reason or (B) ceases to have a rating of at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or at least BBB by Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. (“S&P”) or (2) there is a payment default in respect of any of the (c) Additional Reserve Account:Bond Securities (in each case, the “Defaulted Securities”), all such Defaulted Securities shall be delivered as soon as reasonably practicable by the Custodian on behalf of the Issuer to the Swap Counterparty (a “Defaulted Securities Delivery” and each date on which such Defaulted Securities Delivery occurs, a “Defaulted Securities Delivery Date”) in exchange for the payment by the Swap Counterparty to the Issuer of the relevant Defaulted Securities Amount. Any Defaulted Securities Amount shall be credited to the Deposit Account and shall be subject to the Security created by or pursuant to the Trust Deed.
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GBP Equivalent has the same meaning as in the Administration Agreement. "Hedge Provider" means each of Macquarie Bank Limited and Lloyds Bank plc.‌
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GBP Equivalent means, in respect of Bond Securities denominated in a currency other than GBP, the nominal amount of such Bond Securities converted into GBP at the Relevant FX Rate.
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Related to GBP Equivalent

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Euro Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Euros as determined by the Administrative Agent or the 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 Euros with Dollars.

  • Dose equivalent (HT means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Interest Equivalent means a yield on a 360-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency 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 such Alternative Currency with Dollars.

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Effective dose equivalent (HE means the sum of the products of the dose equivalent to each organ or tissue (HT) and the weighting factor (wT) applicable to each of the body organs or tissues that are irradiated (HE = Σ wTHT).

  • Foreign Currency Equivalent means, with respect to any amount in Dollars, the amount of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

  • 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.

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Committed dose equivalent (HT,50) means the dose equivalent to organs or tissues of reference (T) that will be received from an intake of radioactive material by an individual during the 50-year period following the intake.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).