Foreign Currency Advance definition

Foreign Currency Advance means any Loan or other Advance denominated in any Available Foreign Currency.
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Foreign Currency Advance means an Advance in a Foreign Currency.
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Foreign Currency Advance means each Loan disbursement denominated in a Foreign Currency.
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Examples of Foreign Currency Advance in a sentence

  • Such Advances shall be used for the purpose of purchasing Eligible Loan Assets; provided, if such Eligible Loan Asset is a Foreign Currency Loan Asset, either (x) such Foreign Currency Loan Asset shall be subject to a Hedging Agreement, or (y) such Advance shall be a Foreign Currency Advance in the related Foreign Currency.

  • The amount of any Advance shall at least be equal to the least of (w) 1,000,000 AUDs, 1,000,000 CADs, $1,000,000, 1,000,000 Euros or 1,000,000 GBPs, as applicable, (x) the (1) Borrowing Base on such day minus (2) the Advances outstanding on such day, (y) the Foreign Currency Sublimit on such day minus the Foreign Currency Advance Amount on such day and (z) the (1) Facility Amount on such day minus (2) the Advances outstanding on such day before giving effect to the requested Advance as of such date.

  • Each Foreign Currency Advance shall be in an amount (in an integral multiple of one hundred (100) units of account of the relevant currency) equal to or exceeding the then Dollar Equivalent of One Million Dollars (US$1,000,000).

  • After receiving such notice from the Company, the Agent, within one Business Day thereof, shall promptly notify each Lender by telephone of such notice, such Lender's share of such Foreign Currency Advance, and the applicable Exchange Rate and shall promptly confirm such notice in writing, which writing shall include the applicable wire transfer instructions.

  • No prepayment of any LIBOR Advance or Foreign Currency Advance shall be permitted without the prior written consent of Bank, such consent not to be unreasonably withheld.

  • The requested Foreign Currency Advance must be in a minimum U.S. Dollar Equivalent amount of $1,000,000.

  • All payments of interest on any U.S. Dollar Advances shall be payable in United States Dollars and interest on any Foreign Currency Advance shall be payable in such Foreign Currency.

  • No Advance or Foreign Currency Advance shall be made if such certification is not made or if the Agent believes that a Default or an Event of Default exists.

  • For purposes of calculating the commitment fee hereunder, (i) the principal amount of each Foreign Currency Advance shall be the Dollar Equivalent of such Foreign Currency Advance on the first day of each Interest Period applicable to such Advance and (ii) the principal amount of all outstanding Competitive Bid Advances shall not count as usage.

  • If Bank declines to extend a requested Foreign Currency Advance, Borrower may obtain a substitute advance in Dollars or, subject to Bank's acceptance, a different foreign currency.


More Definitions of Foreign Currency Advance

Foreign Currency Advance. The Term Loans (Foreign Currency) and any portion of the outstanding Revolving Loans that is made in the Foreign Currency. A Foreign Currency Advance may be at a Eurocurrency Rate Advance or a Prime Rate Advance.
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Foreign Currency Advance means any amount denominated in a Foreign Currency advanced to the Borrower on any Drawdown Date;
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Foreign Currency Advance means an Advance originally made and outstanding hereunder pursuant to clause (ii) of the first sentence of Section 2.1(a).
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Foreign Currency Advance. An Advance denominated in a Foreign Currency.
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Foreign Currency Advance means a LIBOR Advance in a Foreign Currency.
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Foreign Currency Advance a Borrowing denominated in a Foreign Currency.
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Related to Foreign Currency Advance

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Foreign Currency means any currency other than the currency of Kenya;

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

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility 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.

  • Alternative Currency means, with respect to Revolving Loans and Letters of Credit, each of Euro, Sterling, Canadian Dollars and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • 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.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.