Common Currency Amount definition

Common Currency Amount means, in relation to an amount, that amount converted (to the extent not already denominated in the Common Currency) into the Common Currency at the Security Agent's Spot Rate of Exchange on the Business Day prior to the relevant calculation.
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Common Currency Amount means, in relation to an amount, that amount converted (to the extent not already denominated in the Common Currency) into the Common Currency at the Security Agent’s Spot Rate of Exchange on the Business Day prior to the relevant calculation.
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Common Currency Amount means, in relation to an amount, that amount converted (to the
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Examples of Common Currency Amount in a sentence

  • For the purpose of calculating any person’s share of any sum payable to or by it, the Security Agent shall be entitled to: (a) notionally convert the Obligations owed to any person into the Common Currency Amount; and (b) assume that all moneys received or recovered as a result of the enforcement or realization of the Security Property are applied in discharge of the Obligations in accordance with the terms of the Debt Documents under which those Obligations have arisen.


More Definitions of Common Currency Amount

Common Currency Amount means, in relation to an amount, that amount converted (to the
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Related to Common Currency Amount

  • Termination Currency means United States Dollars.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

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

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • 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.

  • Termination Currency Equivalent means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the "Other Currency"), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

  • Index Currency means USD.