Foreign Currency Participant definition

Foreign Currency Participant means any Lender who is unable to fund a Foreign Currency Loan in a particular Foreign Currency to the extent such Lender has notified the Foreign Currency Fronting Bank in writing as of (i) the Closing Date, (ii) the date such Lender becomes a Lender pursuant to a Commitment Transfer Supplement delivered pursuant to Section 9.5 or (iii) the date an additional Foreign Currency is approved in accordance with Section 1.6 hereof, that such Lender is unable to fund Foreign Currency Loans in such Foreign Currency.
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Foreign Currency Participant has the meaning set forth in subsection 2.1A(v).
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Examples of Foreign Currency Participant in a sentence

  • With respect to any Foreign Currency Participant, the Foreign Currency Fronting Bank will make such Foreign Currency Participant’s Revolving Commitment Percentage of each applicable Foreign Currency Loan on behalf of such Foreign Currency Participant for the account of the applicable Borrower, in the applicable Foreign Currency (each such Foreign Currency Loan a “Fronted Foreign Currency Loan”).

  • If such amount is not in fact made available to the Foreign Currency Fronting Bank by any Foreign Currency Participant, the Foreign Currency Fronting Bank shall be entitled to recover such amount on demand from such Foreign Currency Participant, together with accrued interest thereon for each day from the date of demand thereof, at the Federal Funds Rate if paid within two Business Days of the date of demand thereof, and thereafter at a rate equal to the Alternate Base Rate.

  • If such amount is not made available to the Fronting Lender or Foreign Currency Loan Participant, as the case may be, by such Foreign Currency Loan Participant or Fronting Lender, as the case may be, within three Business Days of such due date, the Fronting Lender or Foreign Currency Participant, as the case may be, shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to Eurocurrency Loans under the Revolving Facility, on demand.

  • If Fronting Lender recovers any amount for which Fronting Lender has previously been reimbursed by a Foreign Currency Participant hereunder, Fronting Lender shall promptly distribute to each such Foreign Currency Participant such Foreign Currency Participant’s proportionate share thereof based on its Foreign Currency Participation.

  • If such amount is not in fact made available to the Foreign Currency Fronting Bank by any Foreign Currency Participant, the Foreign Currency Fronting Bank shall be entitled to recover such amount on demand from such Foreign Currency Participant, together with accrued interest thereon for each day from the date of demand thereof, at the Federal Funds Rate if paid within two Business Days of the date of demand thereof, and thereafter at a rate equal to the Base Rate.

  • Upon the funding of its Japanese/Multicurrency Revolving Commitment Percentage of such Foreign Currency Loan, a Foreign Currency Participant shall have a Japanese/Multicurrency Revolving Loan denoted in Dollars equal to the Dollar Amount funded.

  • If any amounts returned to Borrower pursuant to this subsection 2.1A(v) are later recovered by Fronting Lender, Fronting Lender shall promptly pay to each Foreign Currency Participant a proportionate share based on such Foreign Currency Participant’s Foreign Currency Participation.

  • Upon the funding of its Swiss/Multicurrency Revolving Commitment Percentage of such Foreign Currency Loan, a Foreign Currency Participant shall have a Swiss/Multicurrency Revolving Loan denoted in Dollars equal to the U.S. Dollar amount funded.

  • In the even that such Foreign Currency Participant has funded its participation in a Foreign Currency Loan, Fronting Lender shall instead pay to such Foreign Currency Participant such amounts as are required pursuant to subsection 2.1A(v).

  • In the event Fronting Lender receives a payment with respect to any Foreign Currency Loan in which Foreign Currency Participations have been purchased and as to which the purchase price has been requested by Fronting Lender and delivered by a Foreign Currency Participant as provided in this subsection 2.1A(v), Fronting Lender shall promptly distribute to such Foreign Currency Participant its Pro Rata Share of such payment.

Related to Foreign Currency Participant

  • 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;

  • Foreign Currency Loan means any Loan denominated in a Foreign 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.

  • Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.

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

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • 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.

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • 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.

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

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Agreed Foreign Currency means, at any time, any of English Pounds Sterling, euro and, with the agreement of each Lender, any other Foreign Currency, so long as, in respect of any such specified Currency or other Foreign Currency, at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Currency (including, in the case of the euro, any authorization by the European Central Bank) is required to permit use of such Currency by any Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • 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.

  • 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.

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

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

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

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

  • Alternative Currency Term Rate Loan means a Committed 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.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

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

  • Composite Currency Unit means the Euro or any other composite currency unit consisting of the aggregate of specified amounts of specified currencies, as such unit may be constituted from time to time.

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