Local Currency Advance definition

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.
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Local Currency Advance means any Advance in a Local Currency, made to CIF pursuant to Sections 2.03A and 2.03B and the Local Currency Addendum.
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Local Currency Advance set forth in Section 1.01 of the Existing Local Currency Addendum is hereby amended to delete “, Swiss Francs” therefrom.
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Examples of Local Currency Advance in a sentence

  • Each Japan Local Currency Advance that is a Japan Base Rate Advance shall bear interest during any Interest Period at a per annum rate equal to the sum of (i) the Japan Base Rate plus (ii) the Applicable Margin in effect from time to time during such Interest Period.

  • The Agent (or in the case of a Same Day Local Currency Advance, the Local Currency Agent) shall give each Local Currency Bank prompt notice thereof by facsimile or electronic mail.

  • Currency Agent shall furnish to the Agent, promptly following the making, payment or prepayment of each Local Currency Advance, and at any other time at the reasonable request of the Agent, a statement setting forth the outstanding Local Currency Advances made under the Local Currency Addendum, which statement shall also indicate the amount of the Local Currency Advances that are Same Day Local Currency Advances.

  • Prepayment Notices: CFC shall be permitted to prepay a Japan Local Currency Advance subject to the provisions of Section 8.04(b) of the Credit Agreement, on any Business Day, provided, in the case of any prepayment, notice thereof is given to the Japan Local Currency Agent not later than 10:00 a.m. (Tokyo time) at least three (3) Business Days prior to the date of such prepayment.

  • No Term Loan Advance that is not a Japan Local Currency Advance may be Converted at any time into a Term Loan Advance that is a Japan Local Currency Advance, and no Term Loan Advance that is a Japan Local Currency Advance may be Converted at any time into a Term Loan Advance that is not a Japan Local Currency Advance.

  • No Term Loan Advance that is not a Local Currency Advance may be Converted at any time into a Term Loan Advance that is a Local Currency Advance, and no Term Loan Advance that is a Local Currency Advance may be Converted at any time into a Term Loan Advance that is not a Local Currency Advance.

  • Each Japan Local Currency Advance that is a Japan Base Rate Advance shall bear interest during any Interest Period at a per annum rate equal to the Japan Base Rate in effect from time to time during such Interest Period.

  • No Same Day Local Currency Advance shall be made in an Agreed Currency other than Pounds Sterling or Euro without the prior written approval of all of the Local Currency Banks and the Local Currency Agent.

  • No Revolving Credit Advance or Term Loan Advance that is not a Japan Local Currency Advance may be Converted at any time into a Japan Local Currency Advance, and no Japan Local Currency Advance may be Converted at any time into a Revolving Credit Advance or a Term Loan Advance that is not a Japan Local Currency Advance.

  • No Revolving Credit Advance or Term Loan Advance that is not a Local Currency Advance may be Converted at any time into a Local Currency Advance, and no Local Currency Advance may be Converted at any time into a Revolving Credit Advance or a Term Loan Advance that is not a Local Currency Advance.


More Definitions of Local Currency Advance

Local Currency Advance means any Advance in an Alternative Currency, made to a Borrower pursuant to Section 2.02A and a Local Currency Addendum. Each Local Currency Advance shall be a Fixed Rate Advance or a Floating Rate Advance. Floating Rate Advances of the same type under a Local Currency Addendum and Fixed Rate Advances of the same type under a Local Currency Addendum each shall be a “Type” of Local Currency Advance.
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Local Currency Advance means any Advance, denominated in Australian Dollars (or "A"), made to the Borrowing Subsidiary or the Company pursuant to SECTIONS 2.02A and 2.02B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in SCHEDULE II.
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Local Currency Advance means any Advance, denominated in [specify currency], made to [the Borrowing Subsidiary or the Company], a [corporation organized under the laws of ], pursuant to Sections 2.02A and 2.02B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at one of the rates specified in Schedule II.
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Local Currency Advance specified in subsection 2.01(c).
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Local Currency Advance means any Advance, denominated in [specify currency], made to [the Borrowing Subsidiary or the Company], a [corporation organized under the laws of _____________], pursuant to SECTIONS 2.2A AND 2.2B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at one of the rates specified in SCHEDULE II.
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Local Currency Advance specified in subsection 2.01(b).
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Related to Local Currency Advance

  • 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.

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

  • 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.

  • Local Currency means Kenya shilling;

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Eurocurrency Rate Advance means an Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.