Acceptable Currency definition

Acceptable Currency means the lawful currency of Canada, Japan, Switzerland, the United Kingdom and the United States of America and the euro and any successor currency to any of the aforementioned currencies (which in the case of the euro, shall mean the currency which succeeds to and replaces the euro in whole).

Acceptable Currency cash and any other method of payment which will result in such payment being credited to the account of the Company at the bank previously designated to the Investor in time to earn interest for the day of the Closing [the day immediately following the day of the Closing].

Acceptable Currency means, subject to availability, one of the acceptable currencies listed and set out in the relevant Facility Letter (as the same may be amended or varied by the Bank from time to time);

Examples of Acceptable Currency in a sentence

• All payments hereunder shall be made in Dollars, or, in the case of any payment to an Issuing Bank in respect of an LC Disbursement made in an Acceptable Currency other than Dollars, in such Acceptable Currency.

• Not later than 11:00 a.m. on each date on which any Letter of Credit denominated in an Acceptable Currency other than Dollars is made or issued, the Administrative Agent shall (i) determine the Dollar Equivalent of the aggregate principal amounts of the Letters of Credit denominated in Acceptable Currencies other than Dollars and (ii) notify the Lenders and the Borrower of the results of such determination.

• For any Letter of Credit issued with a face amount in any Acceptable Currency other than Dollars, the fees shall be converted into Dollars using the applicable Exchange Rate in effect two (2) Business Days before the date any fee with respect thereto shall be due and payable hereunder.

• All payments under this Agreement or any other Loan Document shall be made in Dollars, except for Reimbursement Obligations with respect to Letters of Credit issued in any Acceptable Currency other than Dollars, which shall be repaid, including interest thereon, in such Acceptable Currency.

• Each of the Investors shall pay the purchase price of the Convertible Preferred Stock purchased by it in full at the Closing in Acceptable Currency.

More Definitions of Acceptable Currency

Acceptable Currency the currencies of Singapore, Malaysia, the United Arab Emirates, the State of Qatar, Australia, the United Kingdom, Hong Kong, India, Canada and any additional currencies determined after the Restatement Date by mutual agreement of the Borrower, Issuing Lender and Administrative Agent; provided that each such currency is a lawful currency that is readily available, freely transferable and not restricted, able to be converted into Dollars and available in the London interbank deposit market.

Acceptable Currency means a freely transferable currency of a country listed on ANNEX 5 hereto, the Euro or the ECU, provided that the ECU shall cease to be an Acceptable Currency upon the adoption and implementation of the Euro and any obligation denominated in the ECU shall provide that it is convertible into the Euro upon such implementation.

Acceptable Currency means United States dollars or such other currency(ies) as permitted by the Bank from time to time to be used for settlement of Precious Metal Transactions;

Acceptable Currency means any currency at any relevant time acceptable to the Bank.

Acceptable Currency means immediately available funds in United States dollars which will be credited to the account of the Company at the bank previously designated to the Investor in time to earn interest for the day of the Closing.

Acceptable Currency has the meaning given to it in paragraph 18.6(a) of Part I of Schedule 6 (Borrowing Base).

Acceptable Currency means, at any time, euro, Danish Krone, Norwegian Krone, sterling, Swedish Krona, Swiss Francs, U.S. dollars, or such other currency as may be approved by the Facility Agent acting on the instructions of all the Lenders.