HK$ Equivalent definition
HK$ Equivalent of any amount denominated in US$ means the HK$ equivalent of such amount at the US$/HK$ Exchange Rate on the Listing Date.
HK$ Equivalent means the amount of Hong Kong dollars that can be purchased with US dollars, Renminbi or any Alternative Currency as determined by the Calculation Agent, in its discretion, by reference to foreign exchange markets on any relevant date for value on any date in respect of which that "HK$ Equivalent" is to be determined.
HK$ Equivalent in respect of an amount in RMB, means 103% of the HK$ equivalent of such RMB amount determined with reference to the mid-point of the exchange rate for converting HK$1 to RMB as published on the website of the People’s Bank of China (▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇) on the Business Day immediately preceding the relevant payment date
Examples of HK$ Equivalent in a sentence
Subject to the terms of this Agreement, the Lenders agree to make available to the Borrower a term loan facility (in Hong Kong dollars or, at the election of the Borrower upon the delivery of first Utilisation Request, US dollars) an aggregate amount of up to (or the HK$ Equivalent of which aggregate amount is up to) the Total Commitments.
More Definitions of HK$ Equivalent
HK$ Equivalent of any amount denominated in US$ means the HK$ equivalent of such amount at the US$/HK$ Exchange Rate on the Listing Date. "Hong Kong" means the Hong Kong Special Administrative Region of the PRC. "Instrument" has the meaning set forth in Section 2.2. "IPO Price" means the price, in HK$, at which Listco Shares are issued and sold to the public in the Listco IPO. "Listco Shares" means the ordinary shares of Listco. "Listing Date" means the day on which the Listco Shares commence trading on the SEHK. "Limit Order Exchange" means an exchange of the Instrument pursuant to Section 3.1, in connection with which CNET in the relevant Notice of Exchange has specified a Limit Order Price. "Limit Order Price" means a minimum price specified in a Notice of Exchange. <PAGE> "Limit Order Expiration Date" means, in connection with a Limit Order Exchange, the date (if any) specified as the Limit Order Expiration Date in the relevant Notice of Exchange. "Lock-up Period" means the period commencing on the Listing Date and ending on the last day on which sales by the Fund of Listco Shares are subject to any restriction pursuant to the Share Exchange Agreement and/or any other agreement entered into between or among the Fund, Listco and/or the underwriters of the Listco IPO. "Maturity Date" means the day that is one year after the expiration of the Lock-up Period; provided that if such day is not a Trading Day, the Maturity Date shall be the next following Trading Day. "Notice of Exchange" has the meaning set forth in Section 3.1. "PRC" means the People's Republic of China. "SEHK" means The Stock Exchange of Hong Kong Limited. "Trading Day" means a day on which the SEHK is open for trading and is not closed for any reason prior to its normal closing time. "US$" means United States dollars, the lawful currency of the United States of America. 2.
HK$ Equivalent in respect of a sum in RMB, means the amount in HK$ into