Local Currency Equivalent definition

Local Currency Equivalent means, on any date of determination, with respect to any amount in Dollars, the equivalent in the relevant Local Currency of such amount, determined by the Administrative Agent using the Exchange Rate with respect to such Local Currency then in effect as determined pursuant to Section 2.22(a).

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Local Currency Equivalent means, on any date of determination with respect to any amount in Dollars in relation to any specified Local Currency, the amount of such specified Local Currency that may be purchased with such amount of Dollars at the relevant Exchange Rate (in the case a determination relating to a Local Currency Loan) or Spot Exchange Rate (in the case of a determination relating to a Local Letter of Credit) on such date.

Local Currency Equivalent means in relation to an amount denominated in GB pounds sterling, the equivalent value in the local currency of a Participant’s country of employment (or such other currency as the Board may permit from time to time under the Savings Plan) at such exchange rate as the Board shall in its discretion designate on or before the Invitation Date;

Examples of Local Currency Equivalent in a sentence

• A B C D Name of Payment Currency Amount of Currency Rate of Exchange to Local Currency Local Currency Equivalent C = A x B Percentage of Net Bid Price (NBP) 100xC NBP Beneficiary: [Name and Address of Employer] We have been informed that [name of the Bidder] (hereinafter called "the Bidder") has submitted to you its bid dated (hereinafter called "the Bid") for the execution of [name of contract] under Invitation for Bids No. (“the IFB”).

• For the purposes of this Clause 8.11, the Local Currency Equivalent shall be calculated at what we reasonably regard to be the best available spot rate.

• Customers are prohibited from shipping DDU with a value greater than $400 USD (or Local Currency Equivalent) and DDP Packages with a value greater than $800 USD (or Local Currency Equivalent).

• For the purposes of this Section 8.11, the Local Currency Equivalent shall be calculated at what we reasonably regard to be the best available spot rate.

• For the purposes of this clause 8.11, the Local Currency Equivalent shall be calculated at what we reasonably regard to be the best available spot rate.

More Definitions of Local Currency Equivalent

Local Currency Equivalent means an amount in the currency relevant to the country where an Eligible Employee and/or Participant is employed, converted from UK Pounds Sterling on the basis of an exchange rate determined by the Board;

Local Currency Equivalent means, on any date of

Local Currency Equivalent means an amount of money in the Local Currency equivalent to an amount in Pounds Sterling calculated by using the closing exchange rate as quoted in the Financial Times on the relevant day which, unless specified in the Plan, shall be as determined by the Board in advance;

Local Currency Equivalent means the equivalent amount in the local currency of the place in which the underlying asset relating to such Transaction is located.