Alternative Currency Borrowing definition
Alternative Currency Borrowing means a Borrowing comprised of Alternative Currency Loans.
Alternative Currency Borrowing a Borrowing comprised of Alternative Currency Loans. All Alternative Currency Borrowings shall be Eurocurrency Borrowings.
Alternative Currency Borrowing means a Borrowing comprised of one or more Alternative Currency Loans.
Examples of Alternative Currency Borrowing in a sentence
The Administrative Agent shall promptly advise the Revolving Credit Lenders of any notice given pursuant to this Section 2.07 (and the contents thereof), of each Lender’s portion of the requested Borrowing and, in the case of an Alternative Currency Borrowing, of the Dollar Equivalent of the Alternative Currency amount specified in the applicable Standby Borrowing Request and the Spot Exchange Rate utilized to determine such Dollar Equivalent.
More Definitions of Alternative Currency Borrowing
Alternative Currency Borrowing means a Borrowing consisting of Alternative Currency Loans.
Alternative Currency Borrowing means a Eurocurrency Borrowing that is made in an Alternative Currency pursuant to the applicable Borrowing Request.
Alternative Currency Borrowing means a Borrowing comprising of Alternative Currency Loans. “Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in U.S. Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the Issuing Bank, as the case may be, by reference to the applicable Bloomberg page (or such other publicly available service for displaying exchange rates as determined by the Administrative Agent from time to time), to be the exchange rate for the purchase of such Alternative Currency with U.S. Dollars on the date that is (i) with respect to RFR Loans, the applicable Daily Simple RFR Lookback Day and (ii) otherwise, on the date which is two (2) Business Days immediately preceding the date of determination, or otherwise with respect to Loans to which any other Interest Period option applies, the lookback date applicable thereto, in each case, prior to the date as of which the foreign exchange computation is made; provided, however, that if no such rate is available, the “Alternative Currency Equivalent” shall be determined by the Administrative Agent or the Issuing Bank, as the case may be, using any reasonable method of determination it deems appropriate in its sole discretion (and such determination shall be conclusive absent manifest error). “Alternative Currency Loan” means any Loans denominated in an Alternative Currency. “Anti-Corruption Laws” means (a) the U.S. Foreign Corrupt Practices Act of 1977, as amended; (b) the U.K. Bribery Act 2010, as amended; and (c) any other applicable Law relating to anti-bribery or anti-corruption in any jurisdiction in which any Loan Party is located or doing business. “Anti-Money Laundering Laws” means applicable laws or regulations in any jurisdiction in which any Loan Party or any of its Subsidiaries or its Controlled Affiliates is located or is doing material business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto.
Alternative Currency Borrowing means a Borrowing comprising of Alternative Currency Term Rate
Alternative Currency Borrowing means a Borrowing comprising of Alternative Currency Loans. “Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in
Alternative Currency Borrowing means a Borrowing comprised of Alternative Currency Loans. “Alternative Currency Equivalent” shall mean, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. “Alternative Currency Loan” shall mean a Loan that bears interest at a rate based on the Alternative Cur- rency Rate. All Alternative Currency Loans must be denominated in an Alternative Currency. “Alternative Currency Sublimit” means an amount equal to $40,000,000. The Alternative Currency Sub- limit is part of, and not in addition to, the Revolving Facility Commitments. “Alternative Currency Rate” means, for any Interest Period, with respect to any Loan: (a) with respect to any Revolving Facility Loan denominated in Mexican Pesos, the rate per annum equal to the Interbanking Equilibrium Interest Rate (“TIIE”), as published by Banco de México in the Federation’s Official Gazette (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Rate Determination Date with a term equivalent to such Interest Period; and (b) with respect to any Revolving Facility Loan denominated in an Alternative Currency (other than Mexican Pesos) or with respect to any Term Loans denominated in an Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the relevant Lenders pursuant to Section 1.05 plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders pursuant to Section 1.05; provided, that, if any Alternative Currency Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. “Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction applicable to Parent or any of its subsidiaries from time to time concerning or relating to bribery or corruption. “Anti-Money Laundering Laws” shall mean any and all laws, judgments, orders, executive orders, decrees, ordinances, rules, regulations, statutes, case law or treat...