Agreed Alternate Currency definition

Agreed Alternate Currency has the meaning specified therefor in Section 2.11(a).
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Agreed Alternate Currency means the currencies listed on Schedule 2.6.12, pursuant to the procedures specified in Section 2.6.12(b).
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Agreed Alternate Currency as defined in Section 1.5 of the Agreement. Agreement — the Third Amended and Restated Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Anti-Terrorism Laws – as defined in Section 7.1.33 of the Agreement. Apex — Wabash National Lease Receivables, L.P., a Delaware limited partnership. Applicable Margin – from the Closing Date, the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion and the Unused Line Fee. Base Rate Portion 2.75 % LIBOR Portion 4.25 % Unused Line Fee 0.375 % The percentages set forth above will be adjusted 3 days following delivery by Borrowers to Agent of the Borrowing Base Certificate required to be delivered pursuant to subsection 8.1.4 of the Agreement for each March 31, June 30, September 30 and December 31 during the Term, commencing with the financial statements required to be delivered for the month ending July 31, 2010 (each such date, an “Adjustment Date”), effective prospectively on the first day of the month immediately following such delivery, by reference to the average Availability for the calendar month most recently ending in accordance with the following: Average Availability Portion LIBOR Portion Fee ≥$30,000,000 2.25 % 3.75 % 0.375 % ≥$20,000,000 <$30,000,000 2.50 % 4.00 % 0.375 % <$20,000,000 2.75 % 4.25 % 0.375 % provided that, (i) if Borrowers fail to deliver the Borrowing Base required to be delivered pursuant to subsection 8.1.4 of the Agreement on or before the due date thereof, the Applicable Margin shall automatically adjust to the highest pricing tier set forth above, effective prospectively from such due date until the earlier of (x) the next Adjustment Date or (y) the delivery of such Borrowing Base and (ii) if on any Adjustment Date an Event of Default is in existence, the Applicable Margin shall not be lowered regardless of the average Availability as of such Adjustment Date. If, as a result of any restatement of or other adjustment to the financial statements of the Borrowers or for any other reason, Agent determines that (a) Availability as calculated by the Borrowers as of any applicable date was inaccurate and (b) a proper calculation of the Availability would have resulted in different pricing for any period, then (i) if the proper calculation of Availability would have resulted in higher pricing for such period, the Borrowers sha...
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Examples of Agreed Alternate Currency in a sentence

  • If Agent accepts any such request, the currency designated shall be referred to as an "Agreed Alternate Currency".

  • All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts designated in Canadian Dollars or any Agreed Alternate Currency.

  • In connection with all Dollar amounts set forth in this Agreement, all Canadian Dollars or amounts in any Agreed Alternate Currency shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its sole discretion, on the applicable date.

  • Notwithstanding the foregoing, any otherwise Agreed Alternate Currency shall automatically cease being an Agreed Alternate Currency at such time that, in Agent's determination, such currency could not reasonably be converted by Agent into Dollars within 3 Business Days.

  • In connection with all Dollar amounts set forth in this Agreement, all amounts in any Agreed Alternate Currency shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its sole discretion, on the applicable date.

  • All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts designated in any Agreed Alternate Currency.

  • The Borrower shall deliver to the Agent any request for designation of an Agreed Alternate Currency in accordance with Section 11.02, to be received by the Agent not later than 10:00 a.m. (San Francisco time) at least ten Business Days in advance of the date of any Borrowing hereunder proposed to be made in such Agreed Alternate Currency.

  • Notwithstanding the foregoing, any otherwise Agreed Alternate Currency shall automatically cease being an Agreed Alternate Currency at such time that, in Agent’s determination, such currency could not reasonably be converted by Agent into Dollars within 3 Business Days.

  • European Borrower shall deliver to Administrative Agent any request for designation of an Agreed Alternate Currency in accordance with Section 12.1, to be received by Administrative Agent not later than 11:00 a.m. (New York City time) at least ten (10) Business Days in advance of the date of any Borrowing hereunder proposed to be made in such Agreed Alternate Currency.

  • The Company --------------------------- shall deliver to the Issuing Bank and the Agent a written request for designation of an Agreed Alternate Currency to be received by the Agent not later than 10:00 a.m. (San Francisco time) at least six Business Days in advance of the date of any Letter of Credit proposed to be Issued in such Agreed Alternate Currency.


More Definitions of Agreed Alternate Currency

Agreed Alternate Currency has the meaning specified in Section 2.17(g).
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Agreed Alternate Currency has the meaning specified in subsection 2.05(e).
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Agreed Alternate Currency as defined in Section 1.5 of the Agreement. Agreement — the Second Amended and Restated Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Anti-Terrorism Laws — as defined in Section 7.1.33 of the Agreement. Apex — Wabash National Lease Receivables, L.P., a Delaware limited partnership. Applicable Margin — from the Closing Date to, but not including, the first Adjustment Date (as hereinafter defined) the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion and the Unused Line Fee: Base Rate Portion 0.00 % LIBOR Portion 1.25 % Unused Line Fee 0.25 % The percentages set forth above will be adjusted 3 days following delivery by Borrowers to Agent of the Borrowing Base Certificate required to be delivered pursuant to subsection 8.1.4 of the Agreement for each March 31, June 30, September 30 and December 31 during the Term, commencing with the financial statements required to be delivered for the month ending September 30, 2007 (each such date, an “Adjustment Date”), effective prospectively on the first day of the month immediately following such delivery, by reference to the average 90 day Availability for the 90 days most recently ending in accordance with the following: Average Availability Portion LIBOR Portion Fee ³ $ 120,000,000 0.00 % 1.25 % 0.25 % ³ $90,000,000 < $120,000,000 0.00 % 1.50 % 0.25 % ³ $60,000,000 < $90,000,000 0.25 % 1.75 % 0.25 % ³ $30,000,000 < $60,000,000 0.50 % 2.00 % 0.25 % < $30,000,000 0.75 % 2.25 % 0.25 % provided that, (i) if Borrowers fail to deliver the Borrowing Base required to be delivered pursuant to subsection 8.1.4 of the Agreement on or before the due date thereof, the Applicable Margin shall automatically adjust to the highest pricing tier set forth above, effective prospectively from such due date until the earlier of (x) the next Adjustment Date or (y) the delivery of such Borrowing Base and (ii) if on any Adjustment Date an Event of Default is in existence, the Applicable Margin shall not be lowered regardless of the average Availability as of such Adjustment Date. Arranger — Banc of America Securities LLC, in its capacity as Arranger under this Agreement.
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Agreed Alternate Currency has the meaning specified in SECTION 2.17(g).
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Related to Agreed Alternate Currency

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Canadian Dollars means the lawful money of Canada.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Canadian Dollar means the lawful currency of Canada.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currencies means (a) Euro, (b) Sterling, (c) Yen and (d) each other currency (other than Dollars) approved in accordance with Section 1.08.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Australian Dollar means the lawful currency of Australia.