Eligible Foreign Currency definition

Eligible Foreign Currency is defined in Section 1.3(b) hereof.

Eligible Foreign Currency. Euros, so long as at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the international interbank market and (c) such currency is freely traded and readily available.

Eligible Foreign Currency means Canadian Dollars, Euros and GBP.

Examples of Eligible Foreign Currency in a sentence

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar-based currency pairs involved where applicable.

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar-based currency pairs involved whereapplicable.

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or tradable U.S. dollar-based currency pairs involved where applicable or in the case of a CFD in the Reference Asset.

• As to any Letter of Credit payable in an Eligible Foreign Currency, the Reimbursement Obligation shall be payable in either (i) the U.S. Dollar Equivalent of the relevant amount of such Eligible Foreign Currency at the rate of exchange then current in New York, New York for transfers of such Eligible Foreign Currency to the place of payment or (ii) such Eligible Foreign Currency.

• Each Bid Price or Ask Price shall be for a Spot Contract with a specified Value Date and shall specify each Eligible Foreign Currency or Tradable U.S. Dollar-based Currency Pairs involved where applicable.

More Definitions of Eligible Foreign Currency

Eligible Foreign Currency means AUD, CAD, EUR, GBP, NZD and SEK.

Eligible Foreign Currency for any period, any Foreign Currency for which an FX Reference Rate is available and which is readily transferrable and convertible into US Dollars on the international interbank market.

Eligible Foreign Currency means the lawful currency of a country (other than the United States of America) or monetary union of countries that is either (a) a member of the Organization for Economic Co-Operation and Development, and (b) approved as an “Eligible Foreign Currency” in writing by the Administrative Agent (in its sole discretion). As of the Closing Date, Euros have been approved by the Administrative Agent pursuant to clause (b) above.

Eligible Foreign Currency means AUD, CAD, EUR, GBP, NZD and SEK. “Eligible Foreign Currency VaR Percentage” means 6.0%, or such other percentage designated by all Group Agents from time to time upon ten (10) Business Days’ notice. “Eligible Foreign Obligor” means an Obligor that is organized in or that has a head office (domicile), registered office, and chief executive office located in a country that is not the United States or a country or territory that is, or whose government is, the subject of any Sanctionsa Sanctioned Jurisdiction. “Eligible Receivable” means, at any time of determination, a Receivable: (a) the Obligor of which is: (i) either a U.S. Obligor or an Eligible Foreign Obligor; (ii) not the target or subject of any Sanctionsa Sanctioned Person; (iii) not a consolidated Affiliate of the Seller, the Servicer, the Parent or any Originator; (iv) not a natural person; and (v) not the Obligor with respect to which more than 50% of the aggregate Outstanding Balance of all of such Obligor’s Pool Receivables consist of Defaulted Receivables or Delinquent Receivables; (b) that is neither a Defaulted Receivable (other than with respect to clause (a) of such definition) nor a Delinquent Receivable; (c) that is denominated and payable only in Dollars or an Eligible Foreign Currency and the Obligor with respect to which has been instructed to remit Collections in respect thereof directly to a Lock-Box or Collection Account in the United States of America or Canada; (d) that does not have a due date which is more than 90 days after the original invoice date of such Receivable;

Eligible Foreign Currency means either Belgian Francs, Euros, Hong Kong Dollars, French Francs, Spanish Pesetas or UK Sterling.

Eligible Foreign Currency means each of Euros, Sterling and Yen.

Eligible Foreign Currency means AUD, CAD, EUR, GBP, NZD and SEK. “Eligible Foreign Currency VaR Percentage” means 6.0%, or such other percentage designated by all Group Agents from time to time upon ten (10) Business Days’ notice. “Eligible Foreign Obligor” means an Obligor that is organized in or that has a head office (domicile), registered office, and chief executive office located in a country that is not the United States or a country or territory that is, or whose government is, the subject of any Sanctions. “Eligible Receivable” means, at any time of determination, a Receivable: