Conditions relating to Optional Currencies. A currency will constitute an Optional Currency in relation to an Advance if it is Sterling or Dollars, or it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Advance provided that there may not at any time be Advances outstanding denominated in more than 5 Optional Currencies.
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Samples: Credit Agreement (France Telecom /), Credit Agreement (France Telecom /), Credit Agreement (France Telecom /)
Conditions relating to Optional Currencies. A currency will constitute an Optional Currency in relation to an Advance if it is Sterling or Dollars, or if:
(a) it is readily available in the amount required and freely convertible into the Base Currency Currency; and
(b) it is EUR, USD, GBP, JPY, SEK or any other currency convertible into EUR in the Relevant Interbank Market London interbank market and acceptable to the Agent (acting on the Quotation Day and instructions of all the Utilisation Date for that Advance provided that there may not at any time be Advances outstanding denominated in more than 5 Optional CurrenciesLenders) on or prior to receipt by the Agent of the relevant Drawdown Notice.
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Conditions relating to Optional Currencies. A currency will constitute an Optional Currency in relation to an Advance if it is Sterling or Dollars, or a Utilisation if:
(a) it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Advance provided that there may not at any time be Advances outstanding denominated in more than 5 Optional CurrenciesUtilisation; and
(b) it is euros, sterling or yen.
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Conditions relating to Optional Currencies. A currency will constitute an Optional Currency in relation to an Advance if it is Sterling or DollarsEuro, or it is readily available in the amount required and freely convertible into the Base Currency in the Relevant Interbank Market on the Quotation Day and the Utilisation Date for that Advance provided that there may not at any time be Advances outstanding denominated in more than 5 Optional Currencies.
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