Conversion to Another Currency Clause Samples
Conversion to Another Currency. A Conversion of an Advance from one currency to another currency may be made only by the repayment of an existing Advance in the same currency as the existing Advance and the request of a new Advance in another currency.
Conversion to Another Currency. A Conversion of a Borrowing from one currency to another currency may be made only by the repayment of the existing Borrowing in the same currency as the existing Borrowing and the request of a new Advance in another currency.
Conversion to Another Currency. A conversion of an advance from one currency to another currency shall not be made by a netting out of funds unless agreed upon by CIBC.
Conversion to Another Currency. If the Borrower wishes to Convert any part of an outstanding Advance from one currency to another currency, the Borrower will, repay to the Agent for the benefit of the Lenders the amount of such Advance in the initial currency and then re-borrow the applicable amount in the second currency provided that the Agent has received a Notice of Borrowing in accordance with Section 4.2.
Conversion to Another Currency. A Conversion of an Accommodation from one currency to another currency may be made only by the repayment of such existing Accommodation in the same currency as such existing Accommodation and the request of a new Advance in another currency.