Committed Foreign Currency definition

Committed Foreign Currency means Sterling, Euros and any other currency approved in writing by the Administrative Agent and each Lender which, at the time of such approval, is freely transferable and convertible into US Dollars in the London market and for which, at the time of such approval, LIBO Rates can be determined as provided in the definition of "LIBO Rate".
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Committed Foreign Currency means (i) any Multicurrency Tranche Foreign Currency, (ii) Australian Dollars and (iii) any other currency approved in writing by the Administrative Agent and each Multicurrency Tranche Lender which, at the time of such approval, is freely transferable and convertible into US Dollars in the London market and for which, at the time of such approval, LIBO Rates can be determined by reference to the Telerate screen as provided in the definition of "LIBO Rate".
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Committed Foreign Currency means Australian Dollars or any Designated Foreign Currency.
Sample 1

Examples of Committed Foreign Currency in a sentence

  • The Sub-Agent has been designated under this Agreement to carry out duties of the Administrative Agent with respect to Advances denominated in a Committed Foreign Currency.

  • In the event any Lender shall exercise its rights under (i) above with respect to Loans in any affected Committed Foreign Currency, all payments and prepayments in respect of the ABR Loans made by such Lender shall thereafter be made in US Dollars.

  • The monthly benefit that would be payable to Employee under the Retirement Plan shall be calculated disregarding limitations imposed by the Internal Revenue Code of 1986 (the "Code"), Sections 401(a)17 and 415 and similar Code and regulatory limitations.

  • In the event and on each occasion that the aggregate Revolving Exposures (computed on the basis of the actual US Dollar Equivalent of each Revolving Loan denominated in a Committed Foreign Currency) shall exceed the aggregate Revolving Commitments, then the Borrowers shall, within five Business Days, prepay Revolving Borrowings or Swingline Loans in an amount sufficient to eliminate such excess (after giving effect to any other prepayment of Loans on such day).

  • Lessee will not use the Site for any purpose prohibited by any applicable law.

  • In the case of a failure to timely request a continuation of Advances denominated in a Committed Foreign Currency, such Advances shall be continued as Eurodollar Rate Advances in their original currency with an Interest Period of one month.

  • Funds received after: (a) 2:00 p.m. in the case of payment in Dollars; and (b) the Applicable Time specified by the Administrative Agent in the case of payments in a Committed Foreign Currency, in each case shall be treated for all purposes as having been received by Administrative Agent on the first Business Day next following receipt of such funds and any applicable interest or fees shall continue to accrue.

  • Upon the occurrence of an Event of Default and the conversion of all Advances denominated in any Committed Foreign Currency into Dollars pursuant to Section 2.09(b)(iii) (a “Sharing Event”), the Administrative Agent shall notify each Non-Qualified Lender of its obligation to fund its participation in each Fronting Advance.

  • The Borrower shall make each payment hereunder and under the Notes not later than 11:00 A.M. (New York City time) on the day when due in Dollars to the Administrative Agent (except that payments under Section 2.08 shall be paid directly to the Bank entitled thereto) at the Agent's Account, in Same Day Funds, except with respect to principal of and interest on Advances denominated in a Committed Foreign Currency.

  • If the Administrative Agent and all the Banks consent to making Eurodollar Rate Advances in such requested currency, the Administrative Agent shall so notify the Borrower and such currency shall thereupon be deemed for all purposes to be a Committed Foreign Currency hereunder for purposes of any Borrowings of Eurodollar Rate Advances.


More Definitions of Committed Foreign Currency

Committed Foreign Currency means Sterling and Euros.
Sample 1

Related to Committed Foreign Currency

  • Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Agreed Foreign Currency means, at any time, any of English Pounds Sterling, euro and, with the agreement of each Lender, any other Foreign Currency, so long as, in respect of any such specified Currency or other Foreign Currency, at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Currency (including, in the case of the euro, any authorization by the European Central Bank) is required to permit use of such Currency by any Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Alternative Currencies means (a) Euro, (b) Sterling, (c) Yen and (d) each other currency (other than Dollars) approved in accordance with Section 1.08.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.