08Currency Translation Sample Clauses

08Currency Translation. (a) Except as specifically provided in paragraph (b) of this Section 1.08, for purposes of determining compliance as of any date with the terms of any Loan Document, amounts incurred or outstanding in Canadian Dollars shall be translated into Dollars at the Equivalent Amount on the date or in respect of which such determination is being made. (b) The Administrative Agent shall determine the Equivalent Amount in Dollars of any Borrowing, Letter of Credit Advance or Letter of Credit denominated in Canadian Dollars, as well as of each component of the Borrowing Base, as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of each request for the issuance, amendment, renewal or extension of such Letter of Credit, using the Spot Rate for the applicable currency in relation to Canadian Dollars in effect on the date of determination, and each such amount shall be the Equivalent Amount in Dollars of such Letter of Credit (or such Borrowing Base component, as the case may be) until the next required calculation thereof pursuant to this paragraph (b) (or, in the case of such Borrowing Base component, pursuant to paragraph (c) or (d)) of this Section 1.08. (c) The Administrative Agent shall determine the Equivalent Amount in Dollars of any Borrowing denominated in Canadian Dollars, as well as of each component of the Borrowing Base, as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of a Request for Credit Extension, or as of each date of any termination or reduction of Commitments hereunder or the prepayment of Loans hereunder, in each case using the Spot Rate for the applicable ​ currency in relation to Canadian Dollars in effect on the date of determination, and each such amount shall be the Equivalent Amount in Dollars of such Borrowing (or such Borrowing Base component, as the case may be) until the next required calculation thereof pursuant to this paragraph (c) (or, in the case of such Borrowing Base component, pursuant to paragraph (b) or (d)) of this Section 1.08. (d) In addition to the requirements set forth in paragraphs (b) and (c) of this Section 1.08, the Administrative Agent shall determine the Equivalent Amount in Dollars of each applicable component of each Borrowing Base as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of delivery of each Borrowing Base C...
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Related to 08Currency Translation

  • Currency Translation The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statements.

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Translation This permission is granted for non-exclusive world English rights only unless your license was granted for translation rights. If you licensed translation rights you may only translate this content into the languages you requested. A professional translator must perform all translations and reproduce the content word for word preserving the integrity of the article.

  • Translations In the event of any discrepancy, misstatement, omission or error appearing in the various translations on the particulars and condition herein, the English version shall prevail.

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following:

  • Currency; Denominations Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable in registered form without Coupons in denominations of $1,000 and any integral multiple thereof, and the Bearer Securities denominated in Dollars shall be issuable in the denomination of $5,000. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities in or pursuant to this Indenture.

  • Translation Services Translation services are available under this Contract for non-English speaking Members. Please contact Us at the number on Your ID card to access these services.

  • Currency and amount (a) The currency specified in a Utilisation Request must be dollars. (b) The amount of the proposed Loan must be an amount which is not more than the Available Facility and which is a minimum of ten million dollars ($10,000,000) or, if less, the Available Facility.

  • English Translation (This is the signature page of Share Transfer Framework Agreement on transferring 68.258% of shares of Xxxxxxxx 0 Road and its overseas Affiliates. This Agreement is signed by Xxxxxx, Xxx Xxx, Xxxx, Xxxx Xxxxx, Xxxxxx, Xxxx Xxxxxxx, Xxxxxx Xxxx, Xxxx Xxxx, Xxx Xxx, Xxx Xxxxx, Xxx, Xxxx Xxxxx, Suzhou Green Pine Growth Partnership, Shenzhen Capital Group Co., Ltd, Beijing Gamease Age Digital Technology Co., Ltd., Xxxxxxxx.xxx Limited as well as Xxxxxxxx 0 Xxxx.) Xxxxxxxx Capital Group Co., Ltd Legal representative: Xxxxxx Xxx Signed by:

  • Foreign Currency The term “

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