Alternate Currencies definition

Alternate Currencies means Euros and Pounds Sterling.
Alternate Currencies means collectively, (i) Euros or (ii) Pounds; each sometimes individually referred to herein as an “Alternate Currency”.
Alternate Currencies means all Agreed Currencies other than Dollars.

Examples of Alternate Currencies in a sentence

  • It is not the intention of the Board of Directors to use the hedging arrangements to generate a further profit for the Alternate Currencies Classes of Shares.

  • The Net Asset Value per Share of the Alternate Currencies Classes of Shares does therefore not necessarily develop in the same way as that of the Shares in the relevant Fund Currency.

  • Whilst holding hedged Shares may substantially protect the investor against losses due to unfavourable movements in the exchange rates of the Alternate Currencies against the Fund Currency, holding such Shares may also substantially limit the benefits of the investor in case of favourable movements.

  • Investors should note that it will not be possible to fully hedge the total Net Asset Value of hedged Alternate Currencies Classes of Shares against currency fluctuations of the Fund Currency, the aim being to implement a currency hedge equivalent to between 95% and 105% of the Net Asset Value of the respective Alternate Currencies Classes of Shares.

  • The Administrative Agent or an Issuing Bank, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Loans and Letters of Credit denominated in Alternate Currencies.


More Definitions of Alternate Currencies

Alternate Currencies mean a currency or currencies other than the Reference Currency.
Alternate Currencies means collectively, (i) Sterling, and Canadian Dollars and (ii) such other currencies as shall be requested by Borrower to be an Alternate Currency hereunder subject to the approval of Agent and all of the Lenders in their sole and absolute discretion; (each, an "Alternate Currency").
Alternate Currencies means the lawful currency of each of Canada, the United Kingdom, Japan and the member states of the European Union and any other currency (i) that is freely traded, (ii) in which deposits are customarily offered to banks in the London interbank market, (iii) which is convertible into U.S. Dollars in the international interbank market, (iv) as to which a U.S. Dollar Amount may be readily calculated and (v) which is consented to in advance in writing by the Agent and all of the Lenders.
Alternate Currencies collectively, (i) German Marks, Japanese Yen and Sterling Pounds and (ii) such other currencies as shall be requested by the Borrower to be an Alternate Currency hereunder subject to the approval of the Administrative Agent and all of the Lenders in their sole and absolute discretion (each, an "Alternate Currency").
Alternate Currencies means lawful currency of the Federal Republic of Germany, Canada and the United Kingdom.
Alternate Currencies means the Euro, the Swiss Franc and the Japanese Yen; provided that a currency shall be deemed to be an Alternate Currency only if it is freely convertible into U.S. Dollars and available to be borrowed in the London interbank market.
Alternate Currencies means with (a) respect to Loans, Sterling and Euros, and (b) with respect to Letters of Credit, Sterling or Canadian Dollars. Amendment Effective Date — see Section 11.1.