Definition of Pounds Sterling Equivalent

  1. Pounds Sterling Equivalent means, on any date, (a) with respect to any amount in Pounds Sterling, such amount and (b) with respect to any amount in any currency other than Pounds Sterling, the equivalent in Pounds Sterling of such amount determined by the Administrative Agent using the Exchange Rate in effect 2 Business Days prior to the applicable date of determination.

Examples of Pounds Sterling Equivalent in a sentence

  1. Dollars (or, in the case of any unreimbursed payment made in a currency other than Pounds Sterling, the Pounds Sterling Equivalent thereof) and in same day funds, an amount equal to such Participants share (based upon the proportionate aggregate amount originally funded by such Participant to the aggregate amount funded by all Participants) of the principal amount of such reimbursement obligation and interest thereon accruing after the purchase of the respective participations.

Definition of Pounds Sterling Equivalent in Credit Agreement

Pounds Sterling Equivalent means on any particular date, with respect to any amount denominated in Pounds Sterling, such amount in Pounds Sterling, and with respect to any amount denominated in Dollars or Euros, the amount (as conclusively ascertained by the Agent absent manifest error) of Pounds Sterling which could be purchased by the Agent (in accordance with its normal banking practices) in the London foreign currency deposit markets with such amount of Dollars or Euros, as applicable, at the spot rate of exchange prevailing at or about 11:00 a.m. (London time) on such date.


Definition of Pounds Sterling Equivalent in Bridge Loan Agreement

Pounds Sterling Equivalent means, at any time for the determination thereof, the amount of Pounds Sterling which could be purchased with the amount of Dollars involved in such computation at the spot exchange rate therefor as quoted by JPMorgan Chase as of 11:00 A.M. (London time) on the date two Business Days prior to the date of any determination thereof for purchase on such date.