FOREIGN CURRENCY LINKED Sample Clauses

FOREIGN CURRENCY LINKED. If it is decided in the conditions of the relevant series that the bond's capital and interest of the same series are foreign currency linked then their linkage to the foreign currency would be made in such a manner that if at some date of payment made from capital and/or interest for these bonds it is found that the rate of payment is higher than the prime rate, then the company would pay the same payment of capital and/or interest, where it is increased in relation to the rate of increase in the payment rate as compared to the prime rate. If the payment rate is lower than the prime rate, the company would then be allowed to determine in the first proposal report of that series whether the capital and/or interest of the bonds would be protected (meaning, if the payment rate is lower than the prime rate, the payment rate would be the prime rate) or would not be protected as stated (meaning, the payment rate would be the known rate at the time of payment, even if this rate is lower than the prime rate). The existence of protection, as stated, is reserved for cases where the payment rate is lower than the prime rate detailed in said first proposal report. The interest paid for bonds from the same series would be a fixed rate interest as stated in article 4.3.1 below or a variable rate interest (Libor rate or Euribor, as determined in the first proposal report of the relevant series, with the addition or subtraction from the profit specified in said proposal report or determined by bid) as stated in article 4.3.2 below.
Sample 1
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Related to FOREIGN CURRENCY LINKED

  • Foreign Currency The term “

  • 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."

  • Securities Denominated in Foreign Currencies (a) Except as otherwise specified pursuant to Section 2.03 for Registered Securities of any series, payment of the principal of, and premium, if any, and interest on, Registered Securities of such series will be made in Dollars.

  • Alternative Currencies In the case of a Credit Extension to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Revolving Credit Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency.

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

  • Foreign Currency Calculations (a) For purposes of determining the Dollar Equivalent of any Advance denominated in a Foreign Currency or any related amount, the Administrative Agent shall determine the Exchange Rate as of the applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Advance is denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Advance to be made or repaid on or prior to the applicable date for such calculation).

  • 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.

  • 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.

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Blocked Currency In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.

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