Credit Currency definition

Credit Currency means the currency in which the Credit Facility or Limit is denominated in the Contract.
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Credit Currency means the Currency in which the Credit is denominated; provided that if the Financing Agreement provides for Conversions, “Credit Currency” means the Currency in which the Credit is denominated from time to time. If the Credit is denominated in more than one currency, “Credit Currency” refers separately to each of such Currencies.
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Credit Currency means the currency in which the Credit Facility is denominated.
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Examples of Credit Currency in a sentence

  • The Credit (including any part of Credit A, Credit B, Credit C and Credit D) shall, at the Company's selection, be of the following types: fixed-interest rate loan in the Credit Currency (Index-linked) and/or at fixed interest-rate (non-Index linked) and/or at a floating interest rate (non Index-linked).

  • Credit B - Shall mean loans in the Credit Currency to be provided by the Lenders to the Company, through the Facility Agent, for the purpose of partially financing the purchase of the Purchased Shares, in an aggregate amount that is not to exceed two billion (2,000,000,000) New Israeli Shekels (subject to the last section of the definition of "Credit or Loans" below).

  • Only Letters of Credit may be issued in a Letter of Credit Currency, and no Loans may be requested in a Letter of Credit Currency unless such currency has been otherwise approved pursuant to subsection (a) above.

  • Each Letter of Credit shall provide for payments of drawings in a Permitted Letter of Credit Currency.

  • Where the Qualifying Collateral or a portion thereof is denominated in the same currency as a Credit (the "Credit Currency"), the Qualifying Collateral or such portion thereof shall have a value of 100% of its value in the relative Credit Currency; and for this purpose the Pledgee shall notionally match each Credit with the Collateral or a portion thereof denominated in the relative Credit Currency.

  • All such fees shall be payable in Dollars, notwithstanding that Letters of Credit may be denominated in one or more Alternative Letter of Credit Currencies, and for purposes of determining such fees, the undrawn amount of Letters of Credit denominated in an Alternative Letter of Credit Currency shall be valued in Dollars as provided in subsection (m) of this Section.

  • An Issuing Bank may grant or accept such a request in its sole discretion, and Borrower understands that there is no commitment by or understanding with any Issuing Bank with respect to approving any Agreed Alternate Letter of Credit Currency.

  • Where the Qualifying Collateral or a portion thereof is denominated in the same currency as a Credit (the “Credit Currency”), the Qualifying Collateral or such portion thereof shall have a value of 100% of its value in the relative Credit Currency; and for this purpose the Pledgee shall notionally match each Credit with the Collateral or a portion thereof denominated in the relative Credit Currency.

  • Only Letters of Credit may be issued in a Letter of Credit Currency, -------- and no Loans may be requested in a Letter of Credit Currency unless such currency has been otherwise approved pursuant to subsection (a) above.

  • Where the Qualifying Collateral or a portion thereof is denominated in the same currency as a Credit (the “Credit Currency”), the Qualifying Collateral or such portion thereof shall have a value of 100% of its value in the relevant Credit Currency; and for this purpose the Pledgee shall notionally match each Credit with the Collateral or a portion thereof denominated in the relevant Credit Currency.