Yen Equivalent definition

Yen Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Yen as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Yen with Dollars.
Yen Equivalent means, at any time, (a) with respect to any amount denominated in Yen, such amount, and (b) with respect to any amount denominated in any Alternative Currency under the Yen Tranche, the equivalent amount thereof in Yen as determined by Yen Funding Agent or the applicable Yen L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Yen with such Alternative Currency.
Yen Equivalent means, as to any amount denominated in Dollars as of any date of determination, the equivalent amount in Yen as determined by Agent on the basis of the Telegraphic Transfer Mid Rate quoted by Bank of Tokyo Mitsubishi at or about 10:00 a.m. (Tokyo time) on such date.

Examples of Yen Equivalent in a sentence

  • Administrative Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date.

  • Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency).

  • The Yen Equivalent Principal Amount will not change over time as a result of fluctuations in the Yen Rate or the Dollar Floating Rate.

  • If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in the Primary Currency in the Dollar Equivalent, Euro Equivalent or Yen Equivalent, as applicable, of such Alternative Currency payment amount.

  • If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in the Primary Currency in the Dollar Equivalent, Euro Equivalent, or Yen Equivalent, as applicable, of such Alternative Currency payment amount.


More Definitions of Yen Equivalent

Yen Equivalent means the amount converted into Yen using the 12:00 p.m. New York City quoted spot rate appearing at xxxx://xxx.xxxxx.xxx/currency/converter for Dollars on such day or, if such day is not a Business Day, on the immediately preceding Business Day; provided that, to the extent that a spot rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Yen Equivalent” shall be the rate at which Citibank offers, in accordance with normal banking industry practice, to exchange Dollars in New York City prior to 12:00 p.m., New York City time, on such date.”
Yen Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Yen as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Yen with Dollars.
Yen Equivalent means the amount of Yen into which another currency is converted using the Applicable Exchange Rate.
Yen Equivalent means, on any date of determination, with respect to any amount denominated in any currency other than Yen, the equivalent in Yen of such amount, determined by the Administrative Agent pursuant to Section 1.2(a) using the applicable Exchange Rate then in effect.
Yen Equivalent of a dollar amount means that amount of dollars converted to yen at the Agent's Rate of Exchange on the Business Day prior to the proposed date for making that Loan.
Yen Equivalent means the amount converted into Yen using the 12:00 p.m. New York City quoted spot rate appearing at http://www.oanda.com/currency/converter for Dollars on such day or, if such day is not a Business Day, on the immediately preceding Business Day; provided that, to the extent that a spot rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Yen Equivalent” shall be the rate at which Citibank offers, in accordance with normal banking industry practice, to exchange Dollars in New York City prior to 12:00 p.m., New York City time, on such date.”
Yen Equivalent means the amount of Yen obtained by converting the amount of other currency involved in such computation into Yen at the spot rate for the purchase of Yen with such other currency as quoted by the principal Tokyo branch of Citibank, N.A. at approximately 11:00 a.m. (Tokyo time) on the day two (2) Business Days prior to any determination thereof.