Alternative Currency Advances definition

Alternative Currency Advances means Advances made pursuant to Section 2.1A in either Alternative Currency.
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Alternative Currency Advances has the meaning specified in Section 2.01.
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Alternative Currency Advances means advances made to Borrowers for borrowings in the Alternative Currency, which advances shall not exceed the Alternative Currency Sublimit.
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Examples of Alternative Currency Advances in a sentence

  • In the case of any such request with respect to the making of Alternative Currency Advances, such request shall be subject to the approval of the Agent and the Lenders; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Agent and the Issuing Banks.

  • Each Lender (in the case of any such request pertaining to Alternative Currency Advances) or Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Agent, not later than 11:00 a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Alternative Currency Advances or the issuance of Letters of Credit, as the case may be, in such requested currency.

  • In the case of any such request pertaining to Alternative Currency Advances, the Agent shall promptly notify each Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Agent shall promptly notify each Issuing Bank thereof.

  • If on any date the sum of (i) the aggregate principal amount of the Committed Loans outstanding on such date, (ii) the Alternative Currency Outstandings on such date and (iii) the aggregate principal amount of Money Market Loans outstanding on such date exceeds the aggregate amount of the Commitments, the Borrower shall prepay Alternative Currency Advances in an aggregate amount equal to such excess.

  • Each such prepayment shall be with respect to such Alternative Currency Advances as the Borrower shall designate (or, failing such designation, as determined by the Agent).

  • Each Bank may submit to the Borrower an Alternative Currency Quote containing an offer or offers to make Alternative Currency Advances in response to an Invitation for Alternative Currency Quotes.

  • From time to time prior to the Termination Date any Borrower may, as set forth in this Section, request the Banks to make offers to make Alternative Currency Advances to such Borrower.

  • From time to time after the Closing Date and prior to the Commitment Termination Date the Borrower may request any or all of the Banks to make offers to make Alternative Currency Advances to the Borrower.

  • Each Alternative Currency Opt-Out Designation shall become effective five Business Days following its delivery to the Administrative Agent, and the Lender providing the same shall thereupon be designated as an Alternative Currency Opt-Out Lender and will not participate in any Alternative Currency Advances.

  • Alternative Currency Advances shall be bear interest at the LIBOR Rate plus the Applicable Margin for other LIBOR Loans; provided, however, in the event the a LIBOR Rate is unavailable as described in Section 2.3(C) or Section 2.10, all outstanding Alternative Currency Advances shall convert to U.S. Dollars, bear interest at the Base Rate and be deemed Base Rate Loans.

Related to Alternative Currency Advances

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

  • 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.

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

  • 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.

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

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

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

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • 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.

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

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • 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.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

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

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

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

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