Local Currency Account definition

Local Currency Account means the account referred to in Part C.2 of Section II of Schedule 1 to this Agreement.
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Local Currency Account means the account referred to in Section 2.02 (dc) of this Agreement;
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Examples of Local Currency Account in a sentence

  • Please use Meezan Bank SWIFT Code MEZNPKKARDA in beneficiary field of SWIFT message.For Meezan Roshan Digital Local Currency Account: The remittance can be sent in PKR through Money Transferring Organizations such as Western Union, RIA, etc.

  • Further we estimate the thresh- old for the value of H-test in order to exclude a single false detection with a probability of at least 90 %.

  • This gave the MoFP an amount of SSP 7,944,251,458 at the RCF Local Currency Account for payments of salary arrears in MDAs, Organised forces and States.The remaining USD 6,703,252 was transferred to various recipients such as the diplomatic missions, pension fund and individual accounts.

  • Further, in meetings and conferences to promote the exchange of enterprise experience, the enterprise can use its own situation to make recommendations to others interested in Voluntary Agreements.

  • Up to ten percent of local currency generations will be deposited directly from the Separate Local Currency Account to the USAID Trust Fund (see discussion of disbursement procedures in Appendix 18).

  • The Grantee will establish a separate, non-comingled (non)interest-bearing account at the National Bank of [Country] (the “Special Local Currency Account”.) Immediately upon disbursement by USAID of dollars into the Separate Dollar Account, the Grantee shall deposit, from its own resources, an equivalent amount of local currency into the Special Local Currency Account.

  • As a general matter, the Group’s customer contracts provide that payments are split between the Major Currency Account and the Local Currency Account based on an agreed-upon percentage specified in the contract.

  • A separate Local Currency Account will be opened into which capital and interest re-flows from the LOC will be deposited to establish a revolving fund to support rural finance development beyond the Project life.

  • A Local Currency Account (LCA) will be opened in a commercial bank for purposes of transferring funds from the SA to cover eligible expenditures in local currency.

  • The MoLG will open a Local Currency Account (LCA) and a SA in foreign currency at the Bank of Uganda (BoU) into which part of the loan resources will be deposited.

Related to Local Currency Account

  • Local Currency means Kenya shilling;

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Japan Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • 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).

  • 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.

  • 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.

  • 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.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • 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.

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

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

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

  • 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.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • 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.

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

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

  • 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).

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

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

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