Foreign Currency Dedicated Account definition

Foreign Currency Dedicated Account means the account referred to in Part D.1(a) of Section II of Schedule 1 to this Agreement.
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Foreign Currency Dedicated Account means the account referred to in Part D.1(a)(i) of Section II of Schedule 1 to this Agreement to be opened by the Recipient in the Bank of Sierra Leone.
Sample 1
Foreign Currency Dedicated Account means the account referred to in Part D.1(a)(i) of Section II of Schedule 1 to this Agreement to be opened by the Recipient in the Bank of Sierra Leone.
Sample 1

Examples of Foreign Currency Dedicated Account in a sentence

  • Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall deposit an equivalent amount into the Local Currency Dedicated Account.

  • Once the DPO grant is approved by the Board and becomes effective, the proceeds of the grant will be deposited by IDA in one tranche, at the request of the Recipient, into a Foreign Currency Dedicated Account at the NRBT, which will form part of Tonga’s foreign exchange reserves.

  • Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall ensure that an equivalent amount in Solomon Islands Dollar is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.

  • While it is not possible to track the ultimate use of the foreign exchange provided by the development policy operation proceeds, grant proceeds will flow from the Foreign Currency Dedicated Account at the NRBT into a local currency bank account of the government used to finance budgeted government expenditures.

  • The GoSL shall also present to IDA the statement of receipts and disbursement of the Foreign Currency Dedicated Account.

  • Upon each deposit of an amount of the Loan into the Foreign Currency Dedicated Account, the Borrower shall deposit an equivalent amount into the Treasury Single Account System.

  • As with the parent operation, the Bank will retain the right to request the GoT to arrange special audits of the Foreign Currency Dedicated Account established in the NRBT.

  • The Borrower, within thirty (30) days after the withdrawal of the Loan from the Loan Account, shall report to the Bank: (a) the exact sum received into the Foreign Currency Dedicated Account; (b) the details of the account to which the equivalent of the Loan proceeds will be credited; (c) the record that an equivalent amount has been accounted for in the Borrower’s budget management systems; and (d) the statement of receipts and disbursement of the Foreign Currency Dedicated Account.

  • Upon each deposit of an amount of the Grant into the Foreign Currency Dedicated Account, the Recipient shall deposit an equivalent amount into the Local Currency Dedicated Account.

  • Accordingly, the ultimate number and amount of allowed claims is not presently known.

Related to Foreign Currency Dedicated Account

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

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

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

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

  • 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.

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

  • 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.

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

  • 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.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • 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.

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

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

  • Alternative Currency means each of Euros, Canadian Dollars and Sterling and any other currency added as an “Alternative Currency” pursuant to Section 1.07 hereof.

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