Approved Currencies definition

Approved Currencies means Dollars and other currencies as are available to the Borrower for Letters of Credit to be issued by a Lending Office and which are freely transferable and convertible into Dollars.

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Approved Currencies means Dollars, Euro and Pounds Sterling; provided that any other currency may also be an Approved Currency if (i) the Company requests, by notice to the Administrative Agent, that such currency be included as an additional Approved Currency for purposes of this Agreement, (ii) such currency is freely traded in a recognized foreign exchange market and (iii) each Lender, by notice to the Administrative Agent, approves the inclusion of such currency as an additional Approved Currency for purposes hereof. The Lenders’ approval of any such additional Approved Currency may be limited to a specified maximum Dollar Amount or a specified period of time or both.

Approved Currencies currencies in which funds may be held on MERCHANT Account, currencies which can be received into MERCHANT Account or currencies which can be settled out from MERCHANT Account; By default funds on MERCHANT Account are kept in Euro;

Examples of Approved Currencies in a sentence

• Unless the context otherwise requires, any calculation of an amount or percentage that is required to be made by the Borrower or the Administrative Agent under the Loan Documents shall be made by first converting any amounts denominated in Master Trust Approved Currencies other than Dollars into Dollars at the Rate of Exchange pursuant to Section 1.2(e).

• All Transactions received by Planet Payment involving Cards which are denominated in Approved Currencies will be converted by Planet Payment to the Approved Currency in which the particular Card is denominated at the conversion rate announced or published by the Approved Quotation Standard for the Approved Currency applicable on the date of the Transaction together with the applicable Target Currency Conversion Margin.

• The applicable Issuing Bank or the Administrative Agent shall determine the Spot Rates as of any date of determination to be used for calculating Dollar Equivalent amounts with respect to the issuance, amendment, extension or increase of any Letter of Credit and the LC Exposure denominated in Approved Currencies other than dollars.

• You acknowledge that the Approved Currencies available to you may differ from the Approved Currencies available to other users.

• To the extent that (i) the Dollar Equivalent Amount of the Aggregate Outstandings exceeds the Total Commitment or (ii) the Dollar Equivalent Amount of all Obligations denominated in Approved Currencies other than Dollars exceeds the Eurocurrency Sublimit due to a change in applicable Exchange Rates, then the Company shall immediately prepay the Revolving Credit Loans to the extent necessary to cause compliance after repayment in full of the Loans with each of the foregoing.

More Definitions of Approved Currencies

Approved Currencies means Dollars, CAD, EUR, and such other currency as requested by Administrative Borrower and consented to by Administrative Agent and each Lender in the applicable Class.

Approved Currencies means U.S. dollars, euros, British sterling, Hong Kong dollars, Japanese yen, Australian dollars, New Zealand dollars, Canadian dollars and any other currency which the Applicants may designate as such from time to time subject to the prior written consent of Bank. Approved Currencies will exclude any currency which Nordea has notified the Guarantor and the Applicants is no longer an Approved Currency.

Approved Currencies means Dollars, British pounds sterling, Japanese yen, and the Euro, and, with the consent of each of the Lenders, any other currencies which are freely transferable and convertible into Dollars and in which dealings in deposits are carried out in the London interbank market.

Approved Currencies means (a) Canadian Dollars, US Dollars, Euros and British Pounds, (b) in respect of Credits A1, A3 and B only, Norwegian Kroner, and (c) other currencies to be specified from time to time and agreed to by all Lenders requested to make Advances in those currencies, which are readily available to those Lenders and are freely transferable into US Dollars, and in which the Obligors have significant revenues, and "Approved Currency" means any one of them.

Approved Currencies means the currencies identified as such in the Commercial Terms and "Approved Currency" means any one or more of them.

Approved Currencies is specified in the Facility Letter.

Approved Currencies. US Dollars, Canadian Dollars, Euros, Japanese Yen, Australian Dollars and Pounds Sterling (each, an "Approved Currency"), and such other currencies as shall be requested by the US Borrower to be an Approved Currency hereunder subject to the approval of the US Administrative Agent and the applicable Alternate Currency Fronting Lender, in their sole and absolute discretion, in each case constituting freely transferable lawful money of the country of issuance and in the case of each such currency (other than US Dollars) is readily transferable and convertible into US Dollars in the London interbank market.