NIS Equivalent definition
NIS Equivalent as used herein shall mean the equivalent in New Israeli Shekels of a U.S. dollar amount calculated at the representative rate of exchange last published prior to the time of payment.
NIS Equivalent means, with respect to any monetary amount in a currency other than NIS, at any time of determination thereof by the Issuer or the Trustee, the amount of NIS obtained by converting such currency other than NIS involved in such computation into NIS at the applicable Bank of Israel exchange rate for such other currency.