Alternative Committed Currency definition

Alternative Committed Currency means British Pounds Sterling or Euro.
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Alternative Committed Currency means British Pounds Sterling or
Sample 1Sample 2

Examples of Alternative Committed Currency in a sentence

  • Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans in Dollars or in any Alternative Committed Currency to the Company or Fortune Brands UK from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Commitment or (b) the Total Credit Exposure exceeding the total Revolving Commitments.

  • Each Letter of Credit shall be denominated in Dollars or in an Alternative Committed Currency.

  • If no election as to the Type of Borrowing is specified, then the Requested Borrowing shall be an ABR Borrowing (if denominated in Dollars) or a Eurocurrency Borrowing (if denominated in an Alternative Committed Currency).

  • CCSC hereby agrees that any payments in respect of the Subsidiary Borrower Obligations pursuant to Article IX will be paid without setoff or counterclaim, at the option of the Issuing Bank or the relevant Lender(s), in Dollars or in the applicable Alternative Committed Currency (if applicable) at the applicable office of the Administrative Agent specified in Section 10.01.

  • Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans in Dollars or in any Alternative Committed Currency to the Company from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Commitment or (b) the Total Credit Exposure exceeding the total Revolving Commitments.

  • The Borrowing Request for each Borrowing shall specify (i) the amount to be borrowed as measured in Dollars, (ii) the requested Borrowing Date, (iii) whether the Borrowing is to be of Eurocurrency Loans or ABR Loans, (iv) if the Borrowing is to be of Eurocurrency Loans, the length of the initial Interest Period therefor and (v) if the Borrowing is to be a Eurocurrency Borrowing, whether it is to be denominated in either Dollars or a specified Alternative Committed Currency.

  • CCSC hereby agrees that any payments in respect of -------- the Subsidiary Borrower Obligations pursuant to Article IX will be paid without setoff or counterclaim, at the option of the Issuing Bank or the relevant Lender(s), in Dollars or in the applicable Alternative Committed Currency (if applicable) at the applicable office of the Administrative Agent specified in Section 10.01.

Related to Alternative Committed Currency

  • Alternative Currency means each of Euro, British Pounds Sterling and Canadian Dollars and each other lawful currency (other than Dollars) that is approved by the Administrative Agent and each Revolving Credit Lender in accordance with Section 1.10.

  • Approved Currency means each of Dollars and each Alternate Currency.

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

  • 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.

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

  • Denomination Currency has the meaning specified in Section 14(b).

  • 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.