Holding Currency definition

Holding Currency means the currency or currencies in which the Trustee maintains the Trust Fund in accordance with the Contribution Agreements/Arrangements.”
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Holding Currency means the currency in which the Contributions in the Trust Fund account will be held, which is United States dollars;
Sample 1Sample 2Sample 3
Holding Currency means the currency in which the Contributions in the Trust Fund account will be held, which is United States dollars.
Sample 1Sample 2Sample 3

Examples of Holding Currency in a sentence

  • Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by all Donors, all calculated as Holding Currency amounts.

  • Following the End Disbursement Date, the Bank shall retum any remaining balance of the Trust Fund to each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by all Donors, alI calculated as Holding Currency amounts.

  • Within six (6) months after all commitments and liabilities under the Trust Fund have been satisfied and the Trust Fund has been closed, the final financial information relating to receipts, disbursements and fund balance in the Holding Currency with respect to the Contributions shall be made available to the Donors via the Development Partner Center website.

  • Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donor, all calculated as Holding Currency amounts.

  • In the case of deposits received in a Contribution Currency other than the Holding Currency, promptly upon the receipt of such amounts and the accompanying Deposit Instructions, the Bank shall convert such amounts into the Holding Currency at the exchange rate obtained by the Bank on the date of the conversion.

  • In the event of a cancellation, the Bank shall return to the Donor its pro-rata share in the Holding Currency as specified in paragraph 2.2 of this Annex 2; unless otherwise agreed between the Bank and the Donor.

  • The Bank shall furnish to the Donors current financial information relating to receipts, disbursements and fund balance in the Holding Currency with respect to the Contributions via the Development Partner Center website which will be updated quarterly.

  • Following the End Disbursement Date, IFC shall return any remaining balance of the Trust Fund to each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by all Donors, all calculated as Holding Currency amounts.

  • If the Holding Currency is not Euro, translation into Euro of the expenditures and costs reported in the Holding Currency in accordance with Article 5 (Reporting and indicators) shall be made by the Commission at the daily rate published in the Official Journal of the EU applicable on the day when the payment order is issued by the Commission.


More Definitions of Holding Currency

Holding Currency means any currency in which the Trustee maintains the Trust Fund in accordance with the Contribution Agreements/Arrangements.
Sample 1Sample 2Sample 3
Holding Currency means the holding currency of the Trust Fund, i.e., United States dollars.
Sample 1Sample 2

Related to Holding Currency

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

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

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

  • Available Currency means Dollars.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

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

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

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.07.