Facility Currency definition

Facility Currency means the currency, including the Reference Currency, in which the Facility Limit can be used under the form of Credit Facilities, as provided in a Multiproduct Facility or in the case of the relevant Credit Facility Agreement. Utilisation Period means the period in which the Borrower may make disbursements of the Facility Limit, as such is set out in the Credit Facility Agreement, or as such is extended (before the expiry date) by the Bank by entering into an amendment agreement or, in case of Multiproduct Facility, by approving by the Bank of the Borrower’s request.
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Facility Currency means EUR, GBP and USD, as applicable;
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Facility Currency means Dollars; “Financial Year” means the accounting year of the Borrower commencing each year on January 1 and ending on the following December 31, or such other period as the Borrower, with IFC’s consent, from time to time designates as its accounting year; “Fixed Assets Plus Equity Investments Ratio” means the result obtained by dividing: (i) the aggregate of net fixed assets and equity investments, less (A) equity investments in unconsolidated banking and financial subsidiary companies, and (B) equity investments in other banks and financial institutions; by (ii) Total Capital; “Foreign Currency” means any currency other than Pesos; “Foreign Currency Maturity Gap Ratio” means for each Foreign Currency representing more than five per cent (5%) of the Borrower’s assets, the result obtained by dividing: (i) the Currency Maturity Gap; by (ii) Total Capital; “Foreign Exchange Open Position” means with respect to any Foreign Currency, the absolute difference between assets and liabilities in that Foreign Currency, after giving effect to all Qualifying Off-Balance Sheet Xxxxxx; “Fraudulent Practice” has the meaning assigned to it in Annex C; “Grupo Galicia” means Grupo Financiero Xxxxxxx X.X., a corporation organized and validly existing under the laws of the Country; “GTLP Facility” means the facility specified in Section 2.01 (a) (Amount and Purpose) or, as the context requires, its principal amount from time to time outstanding; “IFC Exposure” means with respect to any Person or Economic Group, the aggregate of all on-balance sheet assets (including equity) and off-balance sheet commitments and contingencies of the IFC to such Person or Economic Group, less any related cash collateral; provided, however, that any on-balance sheet assets (including equity), or off-balance sheet commitments or contingencies to the Argentine Central Bank denominated in Pesos shall not be included in the calculation of the IFC Exposure to such Person or Economic Group;
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Examples of Facility Currency in a sentence

  • Minimum net repayment for the twelveFinal months endingLocal Maturity Facility December 31, Facility Currency Currency Date Type 2018 (in millions) (in € millions)Finance lease obligations GBP/EUR 7 Amortizing 1Other borrowings/credit lines EUR 3 Amortizing 1 The Group believes it has adequate liquidity to satisfy our cash needs for at least the next 12 months.

  • Borrower Facility Currency The following sections summarise the material terms of the Group's credit facilities as of 30 September 2016, adjusted for the refinancing of DOF ASA, DOF Rederi and Norskan Norway AS which was drawn down in October 2016.

  • In the case of Credit Facilities or Other Facilities with PLN being the Facility Currency, the Bank may prepare new terms and conditions of Credit Facility or Other Service interest should Poland adopt euro as legal tender and should the credit facilities be converted to euro as a result thereof; at the same time, the interest amount shall be set based on objective indicators appropriate for the money market for euro.

  • On the date any Guarantee is issued, the Customer shall pay a commission to the Bank in respect of such Guarantee equal to the percentage rate (and in the minimum amounts) set out under “Commission” for the Guarantee Facility in the Facility Offer Letter on the amount of such Guarantee (actual and contingent liabilities (and where a Guarantee was issued in an Alternative Currency, the Facility Currency Equivalent of such Guarantee)) pro-rated for the stipulated term of such Guarantee.

  • Should WIBOR, LIBOR or EURIBOR, or the rediscount credit facility rate by the National Bank of Poland, for a given Interest Effective Period for a specific Facility Currency be negative, interest shall be accrued at the interest rate being the Bank’s margin set out in the Agreement.

  • The Bank shall accrue interest in the Facility Currency on any utilised and repayable Service Facility.

  • The Company shall indemnify the Bank fully against any loss or cost incurred by the Bank in converting the currency of the amount received into the Facility Currency.

  • The budget dedicated to the covering of treatment with orphan drugs from the list for especially expensive drugs could be identified.

  • India’s financial assistance to neighbouring countries is channeled through various means such as Lines of Credit (LoCs), Grant-in-aid, Credit Facility, Currency Swap Facility and others.

  • Each Relevant Party waives any right it may have in any jurisdiction to pay any amount under the Islamic Facility Documents in a currency or currency unit other than the Facility Currency or such other currency in which it is expressed to be payable.


More Definitions of Facility Currency

Facility Currency means Euro for Facilities A and B and United States Dollar (“USD”) for Facility C.
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Facility Currency means Dollars;
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Related to Facility Currency

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Other Currency has the meaning specified in Section 1.15.

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • First Currency has the meaning specified in Section 1.15.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.