Examples of Alternate Currency Commitment in a sentence
Upon the establishment of any Alternate Currency Facility under this Section 2.1(d), the relevant Borrower may, at its option and upon ten (10) Business Days prior written notice to the Agent, activate the Alternate Currency Commitments established under such Alternate Currency Facility, which notice shall specify the Alternate Currency Commitment which is being activated, the amount of such activation stated in USD and the requested date of activation.
After activation of any Alternate Currency Commitment, the Borrower may from time to time thereafter deactivate such Alternate Currency Commitment upon ten (10) Business Days prior written notice to the Agent, specifying the Alternate Currency Commitment which is being deactivated, the amount of the Alternate Currency Commitment being deactivated stated in USD and the requested date of such deactivation.
Also in that context, the EBA will deliver its14 https://www.eba.europa.eu/publications-and-media/press-releases/eba-publishes-roadmap-implementation-eu-banking- package.responses on two calls for advice: one to support the revision of the Covered Bond Directive, and another on insolvency benchmarking.
For purposes of Section 11.2, upon the occurrence of an Event of Default specified in Section 11.1(f) or 11.1(g), the obligation of the Alternate Currency Lender to make Alternate Currency Loans and the Alternate Currency Commitment shall immediately and automatically terminate.
Subject to the terms and conditions hereof, during the period from the Effective Date to but excluding the Termination Date, the Alternate Currency Lender agrees to make Alternate Currency Loans in the Alternate Currency to the Borrower in an aggregate principal amount at any one time outstanding up to, but not exceeding, the amount of the Alternate Currency Commitment.