Approved Letter of Credit Foreign Currencies definition

Approved Letter of Credit Foreign Currencies means Chinese Yuan, Czech Koruna, Danish Kroner, Euros, Mexican Pesos, Swiss Francs and Turkish Lira; provided that each Issuing Bank shall only be required to issue Letters of Credit in the Approved Letter of Credit Foreign Currencies set forth beside its name on Schedule 1.01(g), as such schedule may be adjusted from time to time solely with the consent of the Borrower and the applicable Issuing Bank.
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Related to Approved Letter of Credit Foreign Currencies

  • Letter of Credit Exposure means, with respect to any Lender, at any time, the sum of (a) the Dollar Equivalent amount of the principal amount of any Unpaid Drawings in respect of which such Lender has made (or is required to have made) payments to the Letter of Credit Issuer pursuant to Section 3.4(a) at such time and (b) such Lender’s Revolving Credit Commitment Percentage of the Letters of Credit Outstanding at such time (excluding the portion thereof consisting of Unpaid Drawings in respect of which the Lenders have made (or are required to have made) payments to the Letter of Credit Issuer pursuant to Section 3.4(a)).

  • Alternative Currencies means any currency (other than Dollars) approved by the Administrative Agent and the applicable Issuing Bank.

  • Letter of Credit Commitment means, with respect to the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Alternative Currency means each of Euro, Sterling, Australian Dollars, Canadian Dollars, and each additional currency (other than Dollars) that is approved in accordance with Section 1.06; provided that each such additional currency is an Eligible Currency.