DETERMINATION OF CURRENCY Sample Clauses

DETERMINATION OF CURRENCY. If a Lender (the "Determining Lender") gives notice to the Facility Agent (which shall promptly notify the Obligors' Agent) before 10.00 a.m. at least two Business Days prior to the Utilisation Date relative to any Advance to be denominated in Sterling or an Optional Currency certifying in that notice that by reason of circumstances affecting the London Interbank Market deposits in the currency specified in the relevant Request of an amount of not less than its participation in such Advance will not be readily available to it in the London Interbank Market for the Interest Period relative to such Advance, (such certification being, in the absence of manifest error, conclusive against the relevant Borrower), then the Obligors' Agent and the Facility Agent may agree before 11.00 a.m. two Business Days prior to the proposed Utilisation Date that the drawdown shall not be made (and the Facility Agent shall promptly notify the Lenders of such fact) or that the Determining Lender's portion of such Advance shall be denominated in Sterling (if not initially requested) or a different Optional Currency, and in the absence of such notice from the Obligors' Agent by such time the Determining Lender's portion of such Advance shall be denominated in Sterling. Such changes shall be deemed to be made to the definition of LIBOR as the Facility Agent may reasonably determine to be necessary for the purpose of determining LIBOR to apply to the Determining Lender's portion of such Advance, which rate it shall notify to the Obligor's Agent and the relevant Lenders.
Sample 1
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DETERMINATION OF CURRENCY. If a Bank (the "DETERMINING BANK") gives notice to the Agent (which shall promptly notify the relevant Borrower) before 10.00 a.m. at least two Business Days prior to the Utilisation Date relative to any Tranche 2 Advance to be denominated in an Optional Currency certifying in that notice that by reason of circumstances affecting the London interbank eurocurrency market deposits in the currency specified in the relevant Request of an amount of not less than its participation in such Advance will not be readily available to it in the London interbank eurocurrency market for the (or the first) Interest Period relative to such Advance, such certification being conclusive against the relevant Borrower, then the relevant Borrower may by notice to the Facility Agent before 11.00 a.m. on the second Business Day prior to the proposed Utilisation Date specify that the Determining Bank's portion of such Tranche 2 Advance shall be denominated in Sterling (if not initially requested) or another Optional Currency, and in the absence of such notice from the relevant Borrower by such time the Determining Bank's portion of such Advance shall be denominated in Sterling. Such changes shall be deemed to be made to the definition of LIBOR as the Facility Agent may reasonably determine to be necessary for the purpose of determining LIBOR to apply to the Determining Bank's portion of such Advance and notify to the relevant Borrower and the Banks.
Sample 1
DETERMINATION OF CURRENCY. Any sum or expense to be paid by Party B provided in this Contract shall be calculated and paid in RMB.
Sample 1
DETERMINATION OF CURRENCY. If the Borrower requests a currency other than Swiss Francs in the Notice to the Bank, the Advance shall be denominated in the currency specified by the Borrower unless:
Sample 1

Related to DETERMINATION OF CURRENCY

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Conversion of Currency (a) The Company covenants and agrees that the following provisions shall apply to conversion of currency in the case of the Securities and this Indenture:

  • Substitution of Currency If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

  • Change of Currency (a) Unless otherwise prohibited by law, if more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then:

  • Determination of Dollar Amounts The Administrative Agent will determine the Dollar Amount of:

  • Conversion of Currencies (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given.

  • Unavailability of a currency If before the Specified Time on any Quotation Day:

  • Alternative Currency In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  • U.S. Currency All sums and amounts payable or to be payable pursuant to the provisions of this Agreement shall be payable in coin or currency of the United States of America that, at the time of payment, is legal tender for the payment of public and private debts in the United States of America.

  • Currency of Account; Conversion of Currency; Foreign Exchange Restrictions (a) U.S. dollars are the sole currency of account and payment for all sums payable by the Issuer and the Guarantors under or in connection with the Notes, the Guarantees of the Notes or this Indenture, including damages related thereto or hereto. Any amount received or recovered in a currency other than U.S. dollars by a Holder of Notes (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the winding-up or dissolution of the Issuer or otherwise) in respect of any sum expressed to be due to it from the Issuer shall only constitute a discharge to the Issuer to the extent of the U.S. dollar amount, which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so). If that U.S. dollar amount is less than the U.S. dollar amount expressed to be due to the recipient under the applicable Notes, the Issuer shall indemnify it against any loss sustained by it as a result as set forth in Section 13.15(b). In any event, the Issuer and the Guarantors shall indemnify the recipient against the cost of making any such purchase. For the purposes of this Section 13.15, it will be sufficient for the Holder of a Note to certify in a satisfactory manner (indicating sources of information used) that it would have suffered a loss had an actual purchase of U.S. dollars been made with the amount so received in that other currency on the date of receipt or recovery (or, if a purchase of U.S. dollars on such date had not been practicable, on the first date on which it would have been practicable, it being required that the need for a change of date be certified in the manner mentioned above).

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