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Contrary to common misconceptions, today's logic is not devoid of existential import: the universalized conditional ∀ x [S→ P] implies its corresponding existentialized conjunction ∃ x [S & P], not in all cases, but in some. We characterize the proexamples by proving the ExistentialImport Equivalence: The antecedent S of the universalized conditional alone determines whether the universalized conditional has existential import, i.e. whether it implies its corresponding existentialized conjunction.A predicate is an open formula having only x free. An existentialimport predicate (...) 