Equivalent Amount

Equivalent Amount. Means, on any date of determination, with respect to obligations or valuations denominated in one currency (the "first currency"), the amount of another currency (the "second currency") that would result from the conversion of the relevant amount of the first currency into the second currency at the Bank of Canada 12:00 noon rate quoted on the Reuters Monitor Screen (Page BOFC or such other Page as may replace such Page for the purpose of displaying such exchange rate) on such date (and... available by telephone from the Bank of Canada at (613) 782-7506 or, if such date is not a business day, on the business day immediately preceding such date of determination, or at such other rate as may have been agreed in writing between Applicant and Issuer. View More

Equivalent Amount. Means, in relation to an amount in one currency, the amount in another currency that could be purchased by the amount in the first currency, determined by reference to the applicable Exchange Rate at the time of such determination.