Currency Reserve definition

Currency Reserve means the reserve established under section 32; “demand liabilities” means the total value of -

Currency Reserve means, with respect to any Letter of Credit denominated in an Optional Currency, an amount equal to the Dollar Equivalent of such amount as Agent determines in its Permitted Discretion for potential currency fluctuations; provided, that Agent shall in its determination of the amount of such reserve take into account whether such Optional Currency is pegged to the Dollar.

Currency Reserve means a Reserve to protect against fluctuations in currency values.”

Examples of Currency Reserve in a sentence

• Each Bank may require the ---------------------------- Borrower to pay, contemporaneously with each payment of interest on the Euro- Currency Borrowings of the Borrower, additional interest on the related Euro- Currency Loan of such Bank at a rate per annum equal to the excess of (i)(A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro- Currency Reserve Percentage over (ii) the rate specified in clause (i)(A).

• The L/C Currency Reserve requirement shall be adjusted on each Revaluation Date and additional reserves shall be contributed (to the extent that Revolving Commitments (subject to the L/C Sublimit) are not then available) or existing Cash Collateral shall be returned, in either case, to the extent of any excess or shortfall based on the Dollar Equivalent of the stated amount of Canadian Dollar Denominated Letters of Credit then in effect.

• Borrower has the option, at any time prior to the Maturity Date and upon 60 days prior written notice to Foothill, to terminate this Agreement by paying to Foothill, in cash, the Obligations (including an amount equal to 102% of the undrawn amount of the Letters of Credit plus the Foreign Currency Reserve), in full, together with a premium (the "Early Termination Premium") equal to $1,000,000.

• The amount of the Currency Reserve may be amended by Bank from time to time to account for fluctuations in the exchange rate.

• The Currency Reserve for a Letter of Credit shall remain in effect so long as such Letter of Credit remains outstanding or reimbursement due with respect thereto.

More Definitions of Currency Reserve

Currency Reserve means the sum of:

Currency Reserve means an amount equal to (i) 1.5, multiplied by (ii) the sum of (A) the product of (1) the highest percentage change from the first day of one month to the first day of the next month for the preceding 12 month period in the quoted spot rate at which the Agent’s principal office in New York City offers to exchange Canadian Dollars for US Dollars in New York City prior to 4:00 P.M. (New York City time) on such day, multiplied by (2) the aggregate Outstanding Balance of all Canadian Dollar Receivables which are Eligible Receivables as set forth in the most recent Seller Report, plus (B) the product of (1) the highest percentage change from the first day of one month to the first day of the next month for the preceding 12 month period in the quoted spot rate at which the Agent’s principal office in New York City offers to exchange Euro for US Dollars in New York City prior to 4:00 P.M. (New York City time) on such day, multiplied by (2) the aggregate Outstanding Balance of all UK Receivables denominated in Euro which are Eligible Receivables as set forth in the most recent Seller Report, plus (C) the product of (1) the highest percentage change from the first day of one month to the first day of the next month for the preceding 12 month period in the quoted spot rate at which the Agent’s principal office in New York City offers to exchange Sterling for US Dollars in New York City prior to 4:00 P.M. (New York City time) on such day, multiplied by (2) the aggregate Outstanding Balance of all UK Receivables denominated in Sterling which are Eligible Receivables as set forth in the most recent Seller Report.

Currency Reserve means 1.5, times (i) the highest percentage change from the first day of one month to the first day of the next month for the preceding 12 month period in the quoted spot rate at which the Agent's principal office in New York City offers to exchange Canadian Dollars for US Dollars in New York City prior to 4:00 P.M. (New York City time) on such day, multiplied by (ii) the Equivalent in US Dollars of the aggregate principal amount of all Canadian Receivables as set forth in the most recent Seller Report.

Currency Reserve means the US Dollar Equivalent of the amount equal to (i) 1.5, multiplied by (ii) the product of (1) the highest percentage change from the first day of one month to the first day of the next month for the preceding 12 month period in the quoted spot rate at which the Agent’s principal office in New York City offers to exchange Canadian Dollars for US Dollars in New York City prior to 4:00 P.M. (New York City time) on such day, multiplied by (2) the aggregate Outstanding Balance of all Canadian Dollar Receivables which are Eligible Receivables as set forth in the most recent Seller Report.

Currency Reserve means, for any fiscal week or fiscal month of the Performance Guarantor, the product of:

Currency Reserve means the reserve established under section 32;

Currency Reserve means, for any fiscal week or fiscal month of the Performance Guarantor, the product of :