Converted Currency definition

Converted Currency means any Local Currency or Principal Currency in which all or part of the Loan is denominated after a Currency Conversion has been effected.
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Converted Currency means the Accepted Currency specified by you when you provide FX Instructions.
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Converted Currency means the currency in which a Beneficiary is to receive
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Examples of Converted Currency in a sentence

  • If, subject to market conditions, it is feasible to effect a new Conversion, the Outstanding Loan Balance of the amount originally converted will continue to be denominated in the Converted Currency, applying the new Base Interest Rate that reflects prevailing market conditions at the time of effecting the new Conversion.

  • Alternatively, the Borrower may prepay to the Bank all amounts that it owes in the Converted Currency, pursuant to the provisions of Article 3.08 of these General Conditions.

  • If subject to market conditions, it is feasible to effect a new Conversion, the Outstanding Loan Balance of the amount originally converted will continue to be denominated in the Converted Currency, applying the new Base Interest Rate that reflects prevailing market conditions at the time of effecting the new Conversion.

  • Alternatively, the Borrower may prepay all amounts that it owes in the Converted Currency, pursuant to the provisions of Article 3.08 of these General Conditions.

  • In such cases, if the Bank effects the Conversion, the disbursements shall be denominated in the Converted Currency and the disbursements shall be made in: (i) the Converted Currency; or (ii) an equivalent amount in Dollars at the exchange rate set forth in the Conversion Notification Letter, to be determined by the Bank when sourcing its financing.

  • You may also send the Converted Currency to yourself by specifying another account which is controlled by you as the recipient.

  • Your payment instruction in respect of this Payment Service will be deemed given to us on the day that: (a) the Converted Currency becomes available for onward payment to the recipient, if you opt for Standard Delivery; or (b) the Required Funds are deemed received into your Payment Account in accordance with section 8.1.2, if you opt for Express Delivery.

  • Alternatively, the Borrower may prepay to the Bank all amounts that it owes in the Converted Currency, pursuant to the provisions ofArticle 3.12 ofthese General Conditions.

  • In such cases, if the Bank effects the Conversion, the disbursements shall be denominated in the Converted Currency and the disbursements shall be made in (i) the Converted Currency or (ii) Dollars at an amount equal to the exchange rate set forth in the Conversion Notification Letter, to be determined by the Bank when sourcing its financing.

  • Alternatively, the Borrower may prepay to the Bank all amounts that it owes in the Converted Currency, pursuant to the provisions of Article 3.12 of these General Conditions.


More Definitions of Converted Currency

Converted Currency means the specified amount of the specified currency to be sold and delivered by CD to the Client under any FX Contract.
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Converted Currency. , means the new Currency requested as part of a Currency Conversion by the Borrower and accepted by the Bank of any of the Approved Currencies.
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Converted Currency means the currency specified as such in the applicable Final Terms;
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Converted Currency means any Local Currency or Non-Borrowing Member Country Currency in which all or part of the Outstanding Balance is denominated after a Currency Conversion has been effected. “Counter-Guarantor” shall have the meaning assigned to it in the Special Conditions.
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Related to Converted Currency

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Approved Currency means Dollars and any Alternative Currency.