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 Euro for Facilities A and B and United States Dollar (“USD”) for Facility C.
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Examples of Facility Currency in a sentence

  • If the amount so received should be less than the amount due in the Facility Currency under this agreement, then as a separate and independent obligation which gives rise to a separate cause of action the Borrower is obliged to pay the difference.

  • Payments made by the Borrower to the Bank pursuant to a judgement or order of a court or tribunal in a currency other than that of the Facility (the “Facility Currency”) shall constitute a discharge of the Borrower’s obligation hereunder only to the extent of the amount of the Facility Currency that the Bank, immediately after receipt of such payment in such other currency, would be able to purchase with the amount so received on a recognized foreign exchange market.

  • Payments made by the Borrower to the Bank pursuant to a judgment or order of a court or tribunal in a currency other than that of the Credit Facility (the ”Facility Currency”) shall constitute a discharge of the Borrower´s obligation hereunder only to the extent of the amount of the Facility Currency that the Bank, immediately after receipt of such payment in such other currency, would be able to purchase with the amount so received on a recognized foreign exchange market.

  • If the amount so received should be less than the amount due in the Facility Currency under this Credit Facility Agreement, then as a separate and independent obligation which gives rise to a separate cause of action the Borrower is obliged to pay the difference.

  • The Borrower to which a Facility C Loan has been made may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Facility C Loan (but if in part, being an amount that reduces the Facility Currency Amount of the Facility C Loan by a minimum amount of USD 5,000,000).

  • The obligation of a Transaction Party under this Agreement or any other Transaction Document to make payments in the currency set out in Section 3 of this Agreement entitled “Facility Amount” (the “ Facility Currency ”) will not be discharged or satisfied by any payment or recovery, whether pursuant to any judgment or otherwise, expressed in or converted into any other currency except to the extent of the amount of Facility Currency that is actually received by EDC as a result of such payment or recovery .

  • The Borrower to which a Facility B Loan has been made may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Facility B Loan (but if in part, being an amount that reduces the Facility Currency Amount of the Facility B Loan by a minimum amount of EUR 5,000,000).

  • Pre-shipment Financing Under Export Orders Facility Currency: INR Purpose: Pre shipment finance can be granted against purchase of trade related merchandise upto 100% of FOB value of exports /deemed exports.Multicurrency funding allowed under this facility.Min 100 bps.

  • Unless stated otherwise expressly in this Letter of Undertaking, at the Commencement date of the Validity of the Credit Facilities or at the Renewal Date of the Validity of the Credit Facilities, as the case may be, every other revolving credit facility in the Credit Facility Currency, which has been and/or shall be allocated to us up to that date in the Current Account, shall be null and void.

  • 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.


More Definitions of Facility Currency

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
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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).

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Approved Currency means each of Dollars and each Alternative 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 Offshore Currency in which it is denominated or is payable.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and 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 (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth 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.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.