Fallback Currency definition

Fallback Currency means any of the following currencies, as selected by the Issuer in its sole and absolute discretion:• United States Dollar;• Chinese Yuan;• United Arab Emirates Dirham;• Euro;• British Pound; or• Swiss Franc(collectively, the "Approved Currencies"),or, if the Issuer determines that none of the Approved Currencies are freely available thereto, whether at all or in the amount sufficient to make the necessary payments, such other currency eligible for clearance through the relevant clearing systems, as selected by the Issuer acting in good faith and in a commercially reasonable manner, provided that for the avoidance of doubt, the relevant Approved Currency shall not be deemed freely available to the Issuer to the extent that it is required to obtain any licences, consents, approvals or permissions (including from the government authorities) for purchasing such Approved Currency or making any payments under the Notes in such Approved Currency.
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Fallback Currency means any of the following currencies, as selected by the Issuer or the Guarantor, as applicable, in its sole and absolute discretion:
Sample 1
Fallback Currency means any of the following currencies, as selected by the Issuer in its sole and absolute discretion:
Sample 1

Related to Fallback Currency

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

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

  • Index Currency means USD.

  • Termination Currency means United States Dollars.

  • First Currency has the meaning specified in Section 1.15.

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

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

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

  • 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.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Other Currency has the meaning specified in Section 1.15.

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