Examples of Currency of Account in a sentence
Currency of Account We may transfer funds on deposit in the Canadian dollar component of the Account to cover any Transactions which require settlement in U.S. dollars, and vice versa.
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.
If that amount in the Currency of Account purchase with the Relevant Currency is less than the amount of the Currency of Account expressed to be due to the Bank under the Facility Documents, the Borrower shall indemnify the Bank against any loss sustained by it as a result thereof.
All payments by any 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 Security Trustee may direct.
Amounts deposited in Additional Loan Note Issuer Accounts shall be applied in accordance with the provisions of any relevant Loan Note Supplement and Clause 8.6 (Payments – Currency of Account and Payment Method).