Foreign Currency Tranche definition

Foreign Currency Tranche the collective reference to Foreign Currency Loans which (a) are denominated in the same Foreign Currency and (b) have current Interest Periods which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).
Sample 1Sample 2Sample 3

Examples of Foreign Currency Tranche in a sentence

  • If the Company does not cancel the Revolving Credit Foreign Currency Tranche request, such tranche shall be funded in Dollars as a Revolving Credit Base Rate Tranche.

  • Whenever any payment to be made hereunder or under the Notes (other than on account of a Revolving Credit Foreign Currency Tranche or a drawing under a Letter of Credit denominated in a Foreign Currency) shall be stated to be due on a day which is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the calculation of interest or of the Commitment Fee payable hereunder or under the Notes, as the case may be.

  • If such notice is given in respect of a request to fund a Revolving Credit Foreign Currency Tranche, the Company may cancel the request to fund such Advance by notice to the Administrative Agent (which shall promptly notify the other Revolving Credit Banks).

  • The Administrative Agent's correspondent shall make the proceeds of a Revolving Credit Foreign Currency Tranche available either by crediting an account of the Company maintained at such correspondent or, at the Company's election, by interbank transfer to an account of such Person with another bank as the Company specified in the request for such Advance.

  • The Administrative Agent will notify each Bank and the applicable Foreign Currency Lending Office, if any, not later than 9:30 a.m., Philadelphia time, on the second Working Day before the beginning of each new Interest Period applicable to a Revolving Credit Foreign Currency Tranche, of (A) the Interest Period selected by the Company and (B) the interest rate to apply to such Revolving Credit Foreign Currency Tranche during such Interest Period.

  • If the Administrative Agent's notice to the Company under the first sentence of this subsection is given in respect of a requested continuation of a Revolving Credit Foreign Currency Tranche, the provisions of SECTION 2.20 shall apply.

Related to Foreign Currency Tranche

  • 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 Loan means any Loan denominated in a Foreign Currency.

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

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

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • 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.

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

  • 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 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.

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

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

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

  • 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.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • 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.

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

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

  • 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.

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

  • Foreign Currency Sublimit means $100,000,000.

  • 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).

  • 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.

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

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

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.