Alternative Currencies definition

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

Alternative Currencies means any currency (other than Dollars) approved by the Administrative Agent and the applicable Issuing Bank.

Alternative Currencies means Euro, Sterling and any other currency reasonably acceptable to the Administrative Agent and each applicable Revolving Multicurrency Lender that is freely convertible into Dollars and readily available in the London interbank market.

Examples of Alternative Currencies in a sentence

• All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Committed Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice.

• All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice.

• Any specified currency of an Existing Letter of Credit that is neither Dollars nor one of the Alternative Currencies specifically listed in the definition of “Alternative Currency” shall be deemed an Alternative Currency with respect to such Existing Letter of Credit only.

• All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year) or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice.

• If, after giving effect to the prepayment of all outstanding Revolving Credit Loans denominated in Alternative Currencies, the Aggregate Multicurrency Exposures exceed 100% of the Multicurrency Sublimit, the Borrower shall Cash Collateralize the Letters of Credit Outstanding in respect of Letters of Credit denominated in Alternative Currencies to the extent of such excess.

More Definitions of Alternative Currencies

Alternative Currencies means Pounds Sterling, Euro, Canadian Dollars, Australian Dollars, Mexican Pesos, South Korean Won, Norwegian Krone and Danish Krone; provided that each such currency is a lawful currency that is readily available, freely transferable and not restricted and able to be converted into dollars.

Alternative Currencies means Agreed Currencies other than Dollars.

Alternative Currencies means, with respect to any Loan,

Alternative Currencies means (a) Dollars, (b) Euros, (c) Sterling and (d) such other currencies as are acceptable to each Alternative Currency Revolving Lender, the Administrative Agent and, in the case of Alternative Currency Letters of Credit, the applicable Issuing Bank.

Alternative Currencies means, in the case of any (a) Incremental Facility or Refinancing Loans, any currency agreed to by the Administrative Agent, the Borrower and each Lender providing such Incremental Facility or Refinancing Loans; provided that, in each case, each such other currency is a lawful currency that is readily available, freely transferable and not restricted, and able to be converted into Dollars in the London interbank deposit market, or (b) Letter of Credit, any currency that is approved in accordance with Section 1.09.

Alternative Currencies. Euros and Sterling.

Alternative Currencies means the Euro, Sterling, Yen or Swiss Francs; provided that any other currency (except Dollars) shall also be an Alternative Currency if (1) the Borrower requests, by notice to the Banks through the Administrative Agent, that such currency be included as an additional Alternative Currency for purposes of this Agreement, (ii) such currency is freely transferable and is freely convertible into Dollars in the London foreign exchange market, (iii) deposits in such currency are customarily offered to banks in the London interbank market and (iv) no Bank shall have objected to the inclusion of such currency as an Alternative Currency by notice to the Borrower and the Administrative Agent given within five Euro-Currency Business Days of such Bank's receipt of the notice referred to in clause (i).