Real Equivalent definition
Real Equivalent means the Real equivalent to any amount expressed in Dollars obtained through the conversion of Dollars into Reais in accordance with the PTAX-800 Option 5, sale exchange rate, in force on the date such equivalency is determined.
Real Equivalent or “Reais Equivalent” means, in respect of any amount denominated in Dollar, the Real equivalent of such amount calculated using the Exchange Rate as of the applicable Exchange Rate Calculation Date.