RMB Equivalent definition

RMB Equivalent means the currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document and notified to the Company promptly upon completion of the conversion.

RMB Equivalent means, with respect to any monetary amount in a currency other than RMB, at any time for the determination thereof, the amount of RMB obtained by converting such foreign currency involved in such computation into RMB at the base rate for the purchase of RMB with the applicable foreign currency as quoted by The People’s Bank of China on the date of determination.

RMB Equivalent means currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document by reference to the seven-days’ forward rate of exchange for purchasing US$ with RMB as displayed on page “OTC CNH outright” of the Bloomberg screen or page CNYFWDVIEWIDX01 of the Thomas Reuters screen and notified to the Company at least thirty (30) days prior to the Closing Date.

Examples of RMB Equivalent in a sentence

• Note that manufacturing also had the highest backward linkage.The total and direct requirements tables provide much interesting information on how the structure of the economy has changed over time.

• However, if, after the issuance of the audited Financial Statements of the next Fiscal Year and each Fiscal Year thereafter of Qoros Automotive (which should not occur before the first quarter of 2017), (i) the Pledgor is required by the 1.2 billion RMB loan equity pledge contract (which means the Equity Pledge Contract for 1.2 Billion RMB Equivalent Syndicated Loan (the “Syndicated Loan”) concerning Project of Research and Development of C Platform Derivative Model of Qoros Automotive Co., Ltd.

• RMB Equivalent of Official Foreign Exchange Holdings, M2 (trillion) and Their Ratio<FIGURE 27 HERE>Source: CEIC Data Company.

• Current forecasts are based on 5-year average seed use history (seedling requests).

• The interest so payable on any Interest Payment Date will be paid in U.S. dollars in an amount equivalent to the RMB Equivalent Amount of such interest.

More Definitions of RMB Equivalent

RMB Equivalent means, in relation to an amount not in RMB, such amount in RMB calculated at the USD to RMB mid-point daily exchange rate published by the People’s Bank of China on the date of drawdown of the Onshore Loan.

RMB Equivalent means currency conversion of US$ into RMB at a rate of exchange to be agreed in the Definitive Debt Document by reference to the seven-days’ forward rate of exchange for purchasing US$ with RMB as displayed on page “OTC CNH outright” of the Bloomberg screen or page CNYFWDVIEWIDX01 of the Txxxxx Reuters screen and notified to the Company at least thirty (30) days prior to the Closing Date.

RMB Equivalent in relation to a sum in USD, means the sum in RMB to which

RMB Equivalent in respect of a sum in HK$, means the amount in RMB into

RMB Equivalent means, in respect of a US Dollar amount, the equivalent amount thereof in RMB calculated at the mid-rate of RMB to US Dollars announced by the People’s Bank of China on the date of determination (or, if no such rate is announced on such date, calculated at the rate quoted by the Lender for the purchase of US Dollars with RMB on the date for determination);

RMB Equivalent has the meaning ascribed to it in the Xi’an Loan Agreement;

RMB Equivalent the RMB equivalent of an HK$ amount determined with reference to the mid-point of the exchange rate as published by the People’s Bank of China (中國銀行) on the relevant payment date; “Sale Loan” being HK$80 million, representing 50% of the shareholders’ loan (subject to adjustments) due and owing by Champion Delight to SPG Management;