US$ Equivalent definition

US$ Equivalent on any date of determination, with respect to any amount in C$, the equivalent in US Dollars of such amount, determined by the US Administrative Agent using the Canadian Exchange Rate then in effect.

US$ Equivalent means, on any day, the amount of U.S. Dollars that the Administrative Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the Bank of Canada noon spot rate on such day.

US$ Equivalent means, at the date of determination, the amount of U.S. Dollars that the Administrative Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the Bank of Canada noon spot rate on such date.

Examples of US$ Equivalent in a sentence

• If on a Determination Date any Principal Chargeoff Reimbursement is allocated to the Class A-1 Notes in accordance with the Series Supplement, it will reduce the Unreimbursed Principal Chargeoffs of the Class A-1 Notes (rateably according to their amount of Unreimbursed Principal Chargeoffs) by an amount equal to the US$ Equivalent of the amount so allocated until the Unreimbursed Principal Chargeoffs in respect of the Class A-1 Notes are reduced to zero.

• US$ Equivalent in relation to an amount which is calculated, determined or expressed in A$ or which includes a component determined or expressed in A$ means the A$ amount or A$ component (as the case may be) multiplied by the relevant US$ Exchange Rate.

• US$ Equivalent means: (a) in relation to an amount denominated or to be denominated in Australian dollars, that amount converted to (and denominated in) US$ at the US$ Exchange Rate; or (b) in relation to an amount denominated in US$ the amount of US$.

• The making of each Swing Line Advance shall constitute a Drawdown hereunder and shall reduce the availability of the Credit Facility by the U.S. Equivalent of such Swing Line Advances.

• After all applicable grace or cure periods have expired, any default, event of default or similar condition or event (however described) in respect of the Borrower or any Restricted Subsidiary occurs or exists under (1) any bilateral credit facility with any Lender or its Affiliate or (2) any Pari Passu Debt in respect of obligations of the Borrower or any Restricted Subsidiary aggregating in excess of U.S.$25,000,000 (or the U.S. Equivalent thereof in Cdn.

More Definitions of US$ Equivalent

US$ Equivalent on any date of determination, with respect to any amount in any Local Currency, the equivalent in Dollars of such amount, determined by the Administrative Agent using the Exchange Rate with respect to such Local Currency then in effect as determined pursuant to Section 3.

US$ Equivalent means, on any day, the amount of U.S. Dollars that the Agent could purchase, in accordance with its normal practice, with a specified amount of Canadian Dollars based on the spot rate at which U.S. Dollars are offered at the start of such day by CIBC in Toronto, Ontario.

US$ Equivalent means, in respect of Options which have an exercise price denominated in Canadian dollars, the amount of such exercise price expressed in U.S. dollars calculated on the basis of the daily exchange rate posted by the Bank of Canada for conversions of Canadian dollars to U.S. dollars on the date that is five (5) Business Day immediately preceding the Effective Date.

US$ Equivalent means, in respect of Company Options which have an exercise price denominated in Canadian dollars, the amount of such exercise price expressed in U.S. dollars calculated on the basis of the daily exchange rate posted by the Bank of Canada for conversions of Canadian dollars to U.S. dollars on the Effective Date.

US$ Equivalent means, with respect to any monetary amount in a currency other than U.S. dollars, at any time of determination, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the average of the spot rates for the purchase and sale of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal on the date two Business Days prior to such determination.

US$ Equivalent means, on any date, the equivalent amount in United States Dollars after giving effect to a conversion of a specified amount of Canadian Dollars to United States Dollars at the Bank's noon spot rate of exchange.

US$ Equivalent has the meaning given to that term in the Series Supplement. Terms defined in the Note Conditions have the same meaning in this Confirmation unless otherwise defined in this Confirmation. ANNEXURE 2 FORM OF CONFIRMATION FOR CURRENCY SWAP IN RELATION TO THE US$ FLOATING RATE NOTES – CLASS A-2b NOTES, CLASS A-3b NOTES AND CLASS A-4b NOTES [PARTY A LETTERHEAD] [DATE] To: Perpetual Trustee Company Limited as trustee of the Series Trust Xxxxx 00, 000 Xxxx Xxxxxx Xxxxxx XXX 0000 Macquarie Securities Management Pty Limited Xxxxx 0, 0 Xxxxxx Xxxxx Sydney NSW 2000 Attention: Manager, Securitisation Services Attention: Manager, Securitisation CONFIRMATION – CURRENCY SWAP IN RELATION TO CLASS A-[ ] NOTES SMART ABS Series 20[—]-[—]US Trust The purpose of this letter is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction”). This letter constitutes a “Confirmation” as referred to in the Master Agreement specified below. This Confirmation is entered into by Perpetual Trustee Company Limited ABN 42 000 001 007 as trustee of the SMART ABS Series 20[—]-[—]US Trust (the “Series Trust”). This Confirmation supersedes any previous Confirmation or other communication with respect to the Transaction and evidences a complete and binding agreement between us as to the terms of the Transaction. This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master Agreement dated as of [—] 20[—], as amended, novated or supplemented from time to time (the “Agreement”), between [—] ABN [—] (“Party A”), Perpetual Trustee Company Limited ABN 42 000 001 007 as trustee of the Series Trust (“Party B”) and Macquarie Securities Management Pty Limited ABN 26 003 435 443 (the “Manager”). All provisions contained in the Agreement govern this Confirmation except as expressly modified below. This Confirmation incorporates: