ZAR Equivalent definition

ZAR Equivalent means the ZAR/USD exchange rate as advised by ▇▇▇▇▇▇▇ ▇▇▇▇▇ South Africa at 17h00 on the Business Day preceding the Announcement Date, being an amount of ZAR12.8833, net of any currency conversion fees (if any), which fees shall be borne by the Purchaser;
View Source
ZAR Equivalent has the meaning attributed to such term in the Sale of Business Agreement.
View Source
ZAR Equivalent means, in relation to any amount which is expressed to be a USD amount, the ZAR equivalent thereof as calculated based on the exchange rate between USD and ZAR published by the South African Reserve Bank on https://www.resbank.co.za/en/home/what-we-do/statistics/key- statistics/current-market-rates on the relevant date on which the ZAR equivalent is required to be determined.
View Source

Examples of ZAR Equivalent in a sentence

  • Guarantor shall promptly following receipt from Maseve apply the full ZAR Equivalent of US $58,000,000 (less the Deposit Amount being withheld in accordance with clause 22.3 of the Scheme Agreement) paid by Maseve to the Guarantor to reduce the intercompany debt between the Guarantor and the Borrower.

  • Guarantor shall promptly following receipt from Maseve (or from such other Person who may pay the Guarantor on account of the Environmental Deposit Amount) of the full Environmental Deposit Amount (such amount to not be less than the ZAR Equivalent of US$4,000,000 less any amounts paid to RBPlat from the Environment Deposit Amount pursuant to clause 11.4 of the Scheme Agreement) apply the full amount of the Environmental Deposit Amount to reduce the intercompany debt between the Guarantor and the Borrower.


More Definitions of ZAR Equivalent

ZAR Equivalent means, in respect of any amount for payment that is denominated in US Dollars, that amount converted into ZAR at the Agreed Exchange Rate.
View Source

Related to ZAR Equivalent

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the applicable 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 Dollars with such Alternative Currency.

  • U.S. Dollar Equivalent means with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 3.12(f).