Define: Dollar Equivalent
What does "Dollar Equivalent" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.
Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Dollar Equivalent means for any amount, at the time of determination thereof, for any amount expressed in Euros, the equivalent of such amount in U.S. dollars determined by using the rate of exchange for the purchase of U.S. dollars with Euros.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 2 (Salesforce, Inc., seen in 1 filing)
Dollar Equivalent means the equivalent amount in Dollars of any currency, determined by the Administrative Agent based on the Exchange Rate.
Source: Salesforce, Inc. 8-K
Definition 3 (COHERENT CORP., seen in 1 filing)
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 currency other than Dollars, the equivalent amount thereof in Dollars 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 Dollars with such currency.
Source: COHERENT CORP. 8-K
Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.