Approved Alternate Currency definition

Approved Alternate Currency means Canadian Dollars, British Pounds Sterling, Euros, Swiss Francs, Danish Krone and Japanese Yen, and, with respect to any Trade Letter of Credit, any other currency other than Dollars which is approved by the Letter of Credit Issuer in respect of such Trade Letter of Credit and the Administrative Agent prior to the issuance of such Trade Letter of Credit.

Approved Alternate Currency means Euros, Pounds Sterling or any other currency (other than U.S. Dollars) approved by the applicable Issuing Bank issuing a Letter of Credit to be denominated in any such other currency; provided that, at such time (i) such other currency is dealt with in the London interbank deposit market, (ii) such other currency is freely transferable and convertible into U.S. Dollars in the London foreign exchange market, and (iii) no central bank or other governmental authorization in the country of issue of such other currency is required to permit use of such other currency by any Lender for issuing any Letter of Credit and/or to permit the Borrower to reimburse LC Disbursements thereon and/or to pay any other amounts owing in respect of such Letter of Credit (unless such authorization has been obtained and is in full force and effect).

Approved Alternate Currency means Euros, Deutsche Marks and Swiss Francs.

Examples of Approved Alternate Currency in a sentence

• Operation: Unless otherwise indicated, turn lights on (or manually on) when covered area is occupied and off when unoccupied; with a time delay for turning lights off, adjustable over a minimum range of 30 seconds to 20 minutes.

• The Competitive Bid Loans shall be denominated in an Approved Alternate Currency, provided that the aggregate outstanding principal amount of all Competitive Bid Loans denominated in an Approved Alternate Currency, when added to the aggregate outstanding principal amount of all Revolving Loans denominated in a Primary Alternate Currency, shall not exceed the Alternate Currency Sublimit at any time.

• For purposes of this Section 4.02(A)(a), (x) the outstanding principal amount of Competitive Bid Loans and (y) the aggregate Stated Amount of outstanding Letters of Credit and the aggregate amount of Unpaid Drawings in respect thereof, in each case to the extent such Competitive Bid Loans or Letters of Credit are denominated in an Approved Alternate Currency, will be measured on a Dollar-equivalent basis in accordance with the terms of Sections 12.07(c) and (d).

More Definitions of Approved Alternate Currency

Approved Alternate Currency means Euros, Pounds Sterling or any other currency (other than Dollars) approved by the applicable L/C Issuer issuing a Letter of Credit to be denominated in any such other currency; provided that, at such time (i) such other currency is dealt with in the London interbank deposit market, (ii) such other currency is freely transferable and convertible into Dollars in the London foreign exchange market, and (iii) no central bank or other governmental authorization in the country of issue of such other currency is required to permit use of such other currency by any Bank for issuing any Letter of Credit and/or to permit the Borrower to reimburse L/C Disbursements thereon and/or to pay any other amounts owing in respect of such Letter of Credit (unless such authorization has been obtained and is in full force and effect).

Approved Alternate Currency means, with respect to any Trade Letter of Credit, Canadian Dollars, British Pounds Sterling, Italian Lira, German Deutsche Marks, Swiss Francs, French Francs, Belgian Francs, Dutch Guilders, Spanish Pesetas and Japanese Yen, and any other currency other than Dollars which is approved by the Letter of Credit Issuer in respect of such Trade Letter of Credit and the Administrative Agent prior to the issuance of such Trade Letter of Credit.

Approved Alternate Currency means Euros and Pounds Sterling.

Approved Alternate Currency means Canadian Dollars, Pounds Sterling, Dutch Guilders, Deutsche Marks, Japanese Yen, French Francs, Swiss Francs and Belgian Francs.

Approved Alternate Currency means Euros, Pounds Sterling or any other currency (other than U.S. Dollars) approved by the Letter of Credit Issuer; provided that, at such time, (i) such other currency is dealt with in the London interbank deposit market, (ii) such other currency is freely transferable and convertible into Dollars in the London foreign exchange market, and (iii) no central bank or other governmental authorization in the country of issue of such currency is required to permit use of such currency by any RL Lender for issuing any Letter of Credit and/or to permit the Borrower to repay Unpaid Drawings thereon and/or to pay any other amounts owing in respect of such Letter of Credit (unless such authorization has been obtained and is in full force and effect).

Approved Alternate Currency means Sterling, Deutschmarks, Krona or ECU's or any other currency (other than Dollars) approved by the Agent and the Issuing Bank.

Approved Alternate Currency means (i) Canadian Dollars, Euros and GBP and (ii) any other currency (other than Dollars) approved in accordance with Section 1.05.