Alternative Currency Amount definition
Alternative Currency Amount means the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at the relevant time.
Alternative Currency Amount means with respect to each Revolving Credit Loan made or continued (or to be made or continued) in an Alternative Currency, the amount of such Alternative Currency which is equivalent to the principal amount in Dollars of such Loan at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent’s Correspondent to be available to it at approximately 11:00 a.m. (time of the Administrative Agent’s Correspondent) two (2) Business Days before such Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in Dollars, “Alternative Currency Amount” shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent’s Correspondent to be available to it at the time of determination.
Alternative Currency Amount means with respect to each Loan made or continued (or to be made or continued) in an Alternative Currency, the amount of such Alternative Currency which is equivalent to the principal amount in Dollars of such Loan at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at approximately 11:00 a.m. (Charlotte time) two (2) Business Days before such Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in Dollars, "Alternative Currency Amount" shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at the relevant time.
Examples of Alternative Currency Amount in a sentence
Revolving Credit Loans to be made in an Alternative Currency shall be funded in an amount equal to the Alternative Currency Amount of such Revolving Credit Loan.
Partial repayments shall be in an aggregate amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof with respect to ABR Loans and Swingline Loans, (ii) $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Eurodollar Loans and Eurocurrency Loans (based upon the Alternative Currency Amount thereof) and (iii) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Competitive Bid Loans.
Alternative Currency Loans shall be funded in an amount equal to the Alternative Currency Amount of such Alternative Currency Loan.
Loans to be made in an Alternative Currency shall be funded in an amount equal to the Alternative Currency Amount of such Loan.
Each Borrowing of such EURIBO Rate Loans or such RFR Loans or continuation of such EURIBO Rate Loans shall be in a principal amount that is not less than the Minimum Alternative Currency Amount.
More Definitions of Alternative Currency Amount
Alternative Currency Amount means with respect to each Loan made or continued (or to be made or continued) in an Alternative Currency, the amount of such Alternative Currency which is equivalent to the principal amount in Dollars of such Loan at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at approximately 11:00 a.m. two (2) Business Days before such Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in Dollars, “Alternative Currency Amount” shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at the relevant time.
Alternative Currency Amount means with respect to each Revolving Loan made or continued (or to be made or continued) in a Permitted Alternative Currency, the amount of such Permitted Alternative Currency which is equivalent to the principal amount in Dollars of such Revolving Loan at the most favorable Spot Exchange Rate determined by the Administrative Agent to be available to it at approximately 11:00 a.m. two (2) Business Days before such Revolving Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in Dollars, “Alternative Currency Amount” shall mean the amount of such Permitted Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable Spot Exchange Rate determined by the Administrative Agent to be available to it at the relevant time.
Alternative Currency Amount with respect to an amount denominated in Dollars, the equivalent in any Alternative Currency of such amount determined at the Exchange Rate on the date of determination of such equivalent.
Alternative Currency Amount means, at any time, with respect to any amount denominated in Euros, the equivalent amount thereof in the applicable Alternative Currency at the most favorable spot exchange rate in the Brussels foreign exchange market for the purchase of such Alternative Currency with Euros, as determined by the Administrative Agent or the Issuer, as applicable, at approximately 11:00 A.M. (the time of the Administrative Agent) 2 Business Days prior to the date on which the foreign exchange computation is made.
Alternative Currency Amount means with respect to each Extension of Credit made or continued (or to be made or continued) in an Alternative Currency, the amount of such Alternative Currency which is equivalent to the principal amount in Dollars of such Extension of Credit at the most favorable spot exchange rate determined by the Administrative Agent to be available to its London branch at approximately 11:00 a.m. (London time) two (2) Business Days before such Extension of Credit is made, continued or issued (or to be made, continued or issued). When used with respect to any other sum expressed in Dollars, "Alternative Currency Amount" shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate determined by the Administrative Agent to be available to it at the relevant time.
Alternative Currency Amount means with respect to each Alternative Currency Loan, the amount of the applicable Alternative Currency which is equivalent to the principal amount in Dollars of such Loan calculated on the basis of the arithmetic mean of the buy and sell spot rates of exchange determined by the Administrative Agent to be available to it at approximately 11:00 a.m. (London time) three (3) Business Days before such Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in Dollars, "Alternative Currency Amount" shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars calculated on the basis of the arithmetic mean of the buy and sell spot rates of exchange determined by the Administrative Agent to be available to it at the relevant time.
Alternative Currency Amount means with respect to each Alternative Currency Letter of Credit, the amount of such Alternative Currency which is equivalent to the principal amount in Dollars of such Alternative Currency Letter of Credit at the most favorable spot exchange rate determined by the applicable Issuing Lender to be available to it at approximately 11:00 a.m. (Charlotte time) two (2) Business Days before such Alternative Currency Letter of Credit is issued or extended (or to be issued or extended). When used with respect to any other sum expressed in Dollars, "Alternative Currency Amount" shall mean the amount of such Alternative Currency which is equivalent to the amount so expressed in Dollars at the most favorable spot exchange rate determined by the applicable Issuing Lender to be available to it at the relevant time.