Currency of Account definition

Currency of Account means, in relation to any payment to be made to a Finance Party pursuant to any of the Security Documents, the currency in which that payment is required to be made by the terms of the relevant Security Document.

Currency of Account means, in relation to any payment to be made to a Finance Party under a Finance Document, the currency in which that payment is required to be made by the terms of that Finance Document.

Currency of Account means the currency in which the relevant indebtedness is denominated or, if different, is payable.

Examples of Currency of Account in a sentence

• Each amount payable by the Borrower under a Facility Document shall be paid to such account at such bank as the Facility Agent may from time to time direct to the Borrower in the Currency of Account and in such funds as are customary at the time for settlement of transactions in the relevant currency in the place of payment.

• All payments by the Chargor under this Deed (including damages for its breach) shall be made in the Currency of Account and to such account, with such financial institution and in such other manner as the Lender may direct.

• Currency of Account and Payment .......................................

• The Customer shall designate a certain currency to be the Currency of Account for the purpose of the said management, and the valuation of Investments made hereunder shall be calculated by reference to the Currency of Account at such rate of exchange as the Bank may from time to time determine in its discretion.

• All amounts payable by the Borrower under or pursuant to any of the Security Documents shall be paid to such accounts at such banks as the Agent may from time to time direct to the Borrower, and (unless payable in any other Currency of Account) shall be paid in Dollars in same day funds (or such funds as are required by the authorities in the United States of America for settlement of international payments for immediate value).

More Definitions of Currency of Account

Currency of Account means the currency that the Trading Account is denominated in which may be Euro and US Dollars or any other currency as offered by the Company from time to time and as per the Client’s preferential choice

Currency of Account has the meaning set out in Clause 8.

Currency of Account means the currency in which the Facility or any part thereof is granted;

Currency of Account means the currency in which the relevant indebtedness is denominated or, if different, is payable

Currency of Account means the currency in which the relevant indebtedness isdenominated or, if different, is payable.

Currency of Account means, in respect of each of the Borrowers’ Obligations, the currency in which it is from time to time denominated.

Currency of Account. The HUF is the currency of account and payment for each and every sum at any time due from the Borrower under this Agreement Provided that: (a) each repayment of an Advance or a part thereof shall be made in the currency in which the same were incurred; (b) each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is incurred; (c) each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; (d) each payment pursuant to Clause 9.2 (Tax Indemnity) or Clause 11.1 (Increased Costs) shall be made in the currency specified by the party claiming under such clause(s); and (e) other than as provided for above, any amount expressed to be payable in a currency other than HUF shall be paid in that other currency.