Alternate Currency Note definition

Alternate Currency Note means a promissory note of any Borrower, in favor of the applicable Alternate Currency Banks evidencing the obligation of such Borrower to repay Alternate Currency Loans, as amended or modified from time to time and together with any promissory note or notes issued in exchange or replacement therefor.
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Alternate Currency Note means the promissory note of the Borrower payable to the order of the Alternate Currency Lender substantially in the form of Exhibit Q.
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Alternate Currency Note has the meaning set forth in Section 3.14.
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Examples of Alternate Currency Note in a sentence

  • Each of the Parent and the Borrower, as applicable, has the right and power, and has taken all necessary action to authorize it, to execute and deliver this Amendment and the Alternate Currency Note and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, and the Alternate Currency Note in accordance with their respective terms.

  • The terms of such Alternate Currency Note shall be satisfactory to Agent in all respects.

  • The purchase price for each Alternate Currency Note shall be equal to the outstanding principal balance thereof, together will all accrued but unpaid interest thereon, and, upon such payment, NationsBank shall endorse such Alternate Currency Note to Agent, on behalf of Revolving Lenders, without recourse or warranty.

  • Payments of principal and interest made on any Alternate Currency Note shall be applied against the principal and interest on the Alternate Currency Advance made by Revolving Lenders to acquire such Alternate Currency Note.

  • The Alternate Currency Loans shall, in addition to this Agreement, be evidenced by the Alternate Currency Note.

  • Agent, on behalf of Lenders, shall then acquire the Alternate Currency Note from NationsBank, and Borrower shall simultaneously with the delivery of the Alternate Currency Note deliver to Agent a Request For Advance for an Alternate Currency Advance in an amount sufficient to enable Revolving Lenders to acquire the Alternate Currency Note.

  • Most Member States report as local plans (exception of UK and Netherlands) but a varying approach is applied dependant on the pollutant being assessede.g. NO2 may be a local plan but O3 would be a national plan.

  • This Note is the Alternate Currency Note referred to in the Amended and Restated Credit Agreement dated as of January , 2005 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the financial institutions party thereto and their assignees under Section 12.5. thereof (the “Lenders”), the Agent, and the other parties thereto.

  • Borrowers and NationsBank understand and agree that NationsBank shall not fund an Alternate Currency Note until such time that Revolving Lenders have funded or are prepared to simultaneously fund an Alternate Currency Advance to acquire such Alternate Currency Note.

  • If approved by Agent, the Borrower or Borrowers which desire to acquire the applicable Foreign Portfolio or to make a capital contribution to the Borrower making any such acquisition or to acquire or invest in any asset or Person for the purpose for which Borrowers can obtain an Alternate Currency Advance may each execute and deliver to NationsBank a promissory note or notes (the "Alternate Currency Note") in an amount equal to the proceeds to be funded for such acquisition.


More Definitions of Alternate Currency Note

Alternate Currency Note means a promissory note of any Borrower, in favor of the Alternate Currency Bank evidencing the obligation of such Alternate Currency Borrower to repay Alternate Currency Loans, as amended or modified from time to time and together with any promissory note or notes issued in exchange or replacement therefor. Applicable Margin shall mean, with respect to each type of Loan or fee, the rate of interest shown in the applicable column below for the type of Loan or fee specified for each such column: Level I Level II Level III Level IV Level V Level VI ------- -------- --------- -------- ------- -------- IF RATIO OF CONSOLIDATED ADJUSTED TOTAL > or = 3.50 < 3.50 < 3.00 < 2.50 < 2.00 < 1.50 FUNDED DEBT TO CONSOLIDATED PROFORMA EBITDA > or = 3.00 > or = 2.50 > or = 2.00 > or = 1.50 CASH FLOW IS LIBOR Loans 1.375% 1.200% 1.000% 0.875% 0.800% 0.675% Base Rate Loans 0.250% 0.000% 0.000% 0.000% 0.000% 0.000% Facility Fee 0.375% 0.300% 0.250% 0.250% 0.200% 0.200% On each January 1, April 1, July 1 and October 1 during the Term hereof, commencing with the quarter beginning January 1, 1999, the ratio of Consolidated Adjusted Total Funded Debt to Consolidated Proforma EBITDA Cash Flow for the fiscal quarter preceding the fiscal quarter then ended shall be computed by Administrative Agent following delivery to Administrative Agent of the Borrower's consolidated financial statements for such fiscal quarter-end pursuant to Section 7.1(a)(ii) herein (i.e., for the fiscal quarter beginning January 1, 1999 using the ratio for the fiscal quarter ended September 30, 1998), and the Applicable Margins adjusted as of such subsequent January 1, April 1, July 1 and October 1 date in accordance with the levels set forth above, provided that for the period from the date hereof until June 30, 1999, the Applicable Margin shall not be adjusted below Seven-Eighths of One Percent (0.875%) with respect to any LIBOR Loan, and the Facility Fee shall not be adjusted below One-Fourth of One Percent (0.250%). Such new Applicable Margins shall continue in effect until the next such adjustment, if any, on the following January 1, April 1, July 1 and October 1 in accordance with the preceding sentence. Each determination by Administrative Agent of the Applicable Margins shall be deemed prima facie correct. All such adjustments shall become effective as to LIBOR Loans outstanding on the first day of any quarter upon the expiration of the then current applicable Interest Periods for such Loans. Assignm...
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Related to Alternate Currency Note

  • 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 Loan means any Loan denominated in an Alternate Currency.

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

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

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

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

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

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

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

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

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

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

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • 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.

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

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