Currency Calculation Date definition

Currency Calculation Date means, with respect to any (a) Borrowing, Conversion, Continuation or payment or prepayment of Offshore Currency Loans, the date of such Borrowing, Conversion, Continuation, payment or prepayment, as applicable, and (b) outstanding Offshore Currency Loans, any Applicable Payment Date relevant thereto, the last Business Day of each month or any additional and more frequent dates as Administrative Agent may, in its sole discretion or at the direction of the Requisite Lenders, select from time to time.
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Currency Calculation Date means, with respect to any (a) Borrowing, Conversion, Continuation or payment of Offshore Currency Loans, the date of such Borrowing, Conversion, Continuation, or payment, as applicable, and (b) outstanding Offshore Currency Loans, any Applicable Payment Date relevant thereto, the last Business Day of each month or any additional and more frequent dates as Administrative Agent may, in its sole discretion or at the direction of the Requisite Lenders, select from time to time.
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Currency Calculation Date means (a) each date of delivery of a Notice of Borrowing in accordance with Section 2.3 hereof and (b) each other date on which the Administrative Agent shall, in its discretion, calculate the Dollar Equivalent of the Alternate Currency Loan other than on a Currency Calculation Date as set forth in clause (a) of this definition.
Sample 1

Examples of Currency Calculation Date in a sentence

  • Except for purposes of financial statements delivered by Borrower Parties hereunder or calculating financial covenants hereunder, the applicable amount of any currency for purposes of the Loan Documents shall be the Equivalent Amount thereof determined on each Currency Calculation Date from time to time by Administrative Agent.

  • The Exchange Rates so determined shall become effective on the relevant Currency Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than provisions expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and currencies other than Dollars.

  • On each Currency Calculation Date, the Canadian Administrative Agent shall determine the applicable Exchange Rates as of such Currency Calculation Date used for calculating relevant U.S. Dollar Equivalents or Canadian Dollar Equivalents.

  • The Exchange Rates so determined shall become effective on the relevant Currency Calculation Date (a "RESET DATE"), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than provisions expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between U.S. Dollars, Canadian Dollars and Agreed Foreign Currency.

  • On each Currency Calculation Date, the Administrative Agent shall determine the applicable Exchange Rates as of such Currency Calculation Date used for calculating relevant Dollar Equivalents.


More Definitions of Currency Calculation Date

Currency Calculation Date means (i) the first Business Day of each calendar quarter (or such other day in any calendar quarter as may be selected by the Canadian Administrative Agent (each, an "OPTIONAL CALCULATION DATE")), (ii) in respect of any Letter of Credit denominated in a currency other than U.S. Dollars, (A) the date of issuance of such Letter of Credit, (B) the first Business Day of each calendar month during any period that such Letter of Credit remains outstanding and (C) any date on which the relevant Borrower's obligation to repay LC Disbursements in respect of such Letter of Credit is automatically converted into U.S. Dollars pursuant to the terms of this Agreement and (iii) in respect of any Bankers' Acceptance, (A) the date of issuance of such Bankers' Acceptance and (B) the first -18- Business Day of each calendar month during any period that such Bankers' Acceptance remains outstanding.
Sample 1
Currency Calculation Date means (a) each date of delivery of a Notice of Revolving Borrowing in accordance with Section 2.3, (b) the date of any required conversion of LIBO Rate Loans pursuant to Section 2.8(c) and (c) each other date on which the Administrative Agent shall, in its discretion, calculate the Dollar Equivalent of a Revolving Loan denominated in a Foreign Currency, other than on a Currency Calculation Date as set forth in clause (a) of this definition.
Sample 1
Currency Calculation Date means (a) each date of delivery of a Notice of Revolving Borrowing in accordance with Section 2.3, (b) the date of any required conversion of Eurocurrency Loans pursuant to Section 2.10(c) and (c) each other date on which the Administrative Agent shall, in its discretion, calculate the Dollar Equivalent of a Revolving Loan denominated in a Foreign Currency, other than on a Currency Calculation Date as set forth in clause (a) of this definition.
Sample 1
Currency Calculation Date means (i) the last Business Day of each calendar quarter (or such other day as may be selected by the Administrative Agent (each, an “Optional Calculation Date”)), (ii) in respect of any Eurocurrency Borrowing or Group of outstanding Eurocurrency Loans, (A) the date falling three Business Days prior to the date of such Borrowing, (B) the date falling three Business Days prior to the last day of the current Interest Period for such Group of Loans and (C) any date on which such Group of Loans is automatically converted to Loans in Dollars pursuant to the terms of this Agreement and (iii) in respect of any Letter of Credit denominated in a currency other than Dollars, (A) the date of issuance of such Letter of Credit, (B) the last Business Day of each calendar quarter during any period that such Letter of Credit remains outstanding (or such Optional Calculation Date as may be selected by the Administrative Agent) and (C) any date on which the Borrower’s obligation to repay LC Disbursements in respect of such Letter of Credit is automatically converted into Dollars pursuant to the terms of this Agreement.
Sample 1
Currency Calculation Date means (a) each date of delivery of a Notice of Revolving Borrowing in accordance with Section 2.3, (b) each date of delivery of a request for a Letter of Credit in accordance with Section 2.25(b), (c) the date of any required conversion of LIBO Rate Loans pursuant to Section 2.8(c) and (d) each other date on which the Administrative Agent shall, in its discretion, calculate the Dollar Equivalent of a Revolving Loan denominated in a Foreign Currency or the Dollar Equivalent of a Foreign Currency Letter of Credit, other than on a Currency Calculation Date as set forth in clause (a) of this definition.” “‘Issuing Bank’ shall mean SunTrust Bank or any other Lender approved by the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed) and the Borrowers, each in its capacity as an issuer of Letters of Credit pursuant to Section 2.25, and each reference in this Agreement and the other Loan Documents to the “Issuing Bank” shall be deemed to refer to each such Person; provided, that any reference to the “Issuing Bank” in relation to a specific Letter of Credit shall be deemed to refer to the issuer of that specific Letter of Credit.”
Sample 1

Related to Currency Calculation Date

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Determination Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong, London and New York City;

  • Currency Valuation Notice means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure. The Administrative Agent shall not be required to make more than one valuation determination pursuant to Currency Valuation Notices within any rolling three month period.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent).

  • Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Computation Date is defined in Section 2.04.

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.