US Dollar Equivalent Amount definition

US Dollar Equivalent Amount means, with respect to a specified amount of any Applicable Currency, the amount of US Dollars into which such amount of such Applicable Currency would be converted, based on the applicable Spot Rate of Exchange.

US Dollar Equivalent Amount means, at any time, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount denominated in Euro, Sterling, Canadian Dollars or any other Alternative Currency, the equivalent amount thereof in US Dollars as reasonably determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such time pursuant to Section 1.05 on the basis of the Spot Rate (determined, in the case of any Letter of Credit, in respect of the most recent Revaluation Date) with respect to such currency at the time in effect under the provisions of Section 1.05.

US Dollar Equivalent Amount means, at any time, (a) with respect to any amount denominated in US Dollars, such amount, and (b) with respect to any amount denominated in any currency other than US Dollars, the equivalent amount thereof in US Dollars as determined by the Administrative Issuer at such time on the basis of the Spot Rate (determined as of the applicable date of determination) for the purchase of US Dollars with such currency or as otherwise provided for pursuant to Section 6.2(b).

Examples of US Dollar Equivalent Amount in a sentence

• Payments of dividends under the Offshore Preference Shares shall be in U.S. dollars at the U.S. Dollar Equivalent Amount.

• Tax redemption andNon-redemption right:The Company may redeem all but not some of the Bonds in the event of certain changes in taxation laws of Bermuda, Hong Kong or other relevant jurisdiction at a redemption price equal to the US Dollar Equivalent Amount of 100% of the principal amount of the Bonds, together with any accrued but unpaid interest to the date of redemption.

• Redemption upon Delisting or Change of Control:Each Bondholder has the option to require the Company to redeem all but not some only of his or her Bonds upon (i) the Shares ceasing to be listed on the Stock Exchange or (ii) the occurrence of certain events amounting to a change of control with respect to the Company, in each case at the US Dollar Equivalent Amount of 100% of the principal amount of the Bonds plus accrued and unpaid interest.

• The dividend payable per Calculation Amount for any period will be an amount equal to the U.S. Dollar Equivalent Amount of the product of the applicable Dividend Rate, the Calculation Amount and the relevant Day Count Fraction (rounding the resulting figure to the nearest U.S. cent (half a U.S. cent being rounded upwards)).

• The Administrative Agent shall determine the US Dollar Equivalent Amount of any Swingline Advance as of the date on which such Swingline Advance is made, using the applicable Spot Rate in effect on such date, and such amount shall be the US Dollar Equivalent Amount of such Swingline Advance.

More Definitions of US Dollar Equivalent Amount

US Dollar Equivalent Amount means, on any given date, the amount ----------------------------- of U.S. Dollars which could be purchased with the relevant amount of Canadian Dollars at the then applicable Spot Rate on such date (or if such date is not a Business Day, on the preceding Business Day) for the purchase of U.S. Dollars with Canadian Dollars.

US Dollar Equivalent Amount means, (a) the amount denominated in US Dollars and (b) with respect to a specified amount of any Applicable Currency or Letter of Credit Currency other than US Dollars, the amount of US Dollars into which such amount of such other Applicable Currency or Letter of Credit Currency would be converted, based on the applicable Spot Rate of Exchange.

US Dollar Equivalent Amount means the amount in U.S. dollars that is equivalent to the stated Canadian dollar amount using the U.S.-to-Canad- ian dollar exchange rate at the close of business on the business day preceding the payment date, as published in the Wall Street Journal on the succeeding day of its publication.

US Dollar Equivalent Amount means at any Borrowing, conversion or continuation date for any Canadian Tranche Loan, the amount of US Dollars into which such Canadian Tranche Loan may be converted at the Bank of Canada noon spot rate of exchange for such date in Toronto, Canada at approximately 12:00 noon Eastern time on such date. In addition, the “US Dollar Equivalent Amount” of all outstanding Canadian Tranche Loans may be calculated at any time in the sole discretion of the US Administrative Agent and shall equal the amount of US Dollars into which all outstanding Canadian Tranche Loans may be converted at the Bank of Canada noon spot rate of exchange for such date in Toronto, Canada at approximately 12:00 noon Eastern time on such date.

US Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in U.S. Dollars, the amount thereof at such time, and (b) as to any amount denominated in Canadian dollars, the equivalent amount in U.S. Dollars as determined by the Administrative Agent using the Spot Rate for the purchase of U.S.

US Dollar Equivalent Amount means (i) with respect to the calculation of the Borrower Interest Conversion Price, the amount obtained in US dollars when the 10-day volume weighted average of the trading price in Canadian dollars referred to in paragraph (a) of the definition of “Borrower Interest Conversion Price” is converted into US dollars using the daily average rate for the exchange of Canadian dollars into US dollars of the Bank of Canada on the last of such 10 day period; and

US Dollar Equivalent Amount means, on any date, the equivalent amount in US Dollars of an amount in some other freely-traded currency (the “Other Currency”) after giving effect to a conversion of such amount of the Other Currency to US Dollars at the spot buying rate quoted for wholesale transactions by the Agent at or as close as possible to 12:00 noon (Toronto time) on that date.