Offshore Currency definition

Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

Offshore Currency means at any time English pounds sterling, Canadian dollars, French francs, German Deutsche Marks, Japanese yen and any Agreed Alternative Currency.

Offshore Currency means at any time Deutschemarks, French Francs, Japanese Yen, Pounds Sterling, Swiss Francs or any Agreed Alternative Currency.

Examples of Offshore Currency in a sentence

• Except as otherwise expressly provided herein, all payments by the Company shall be made to the Co-Administrative Agent for the account of the Lenders at the Co-Administrative Agent’s Payment Office, and, with respect to principal of, interest on, and any other amounts relating to, any Offshore Currency Loan, shall be made in the Offshore Currency in which such Loan is denominated or payable, and, with respect to all other amounts payable hereunder, shall be made in Dollars.

• If and to the extent specified by the Company in the notice to the Agent and the Co-Administrative Agent, some or all of the reduction in the Aggregate Commitment shall be applied to reduce the L/C Commitment and/or the Offshore Currency Loan Sublimit.

• In the case of any Offshore Currency Loans, the Borrowing or continuation shall be in an aggregate amount equal to the Dollar Equivalent amount of the originally requested Borrowing or continuation in the Offshore Currency, and to that end any outstanding Offshore Currency Loans which are the subject of any continuation shall be redenominated and converted into Base Rate Loans in Dollars with effect from the last day of the Interest Period with respect to any such Offshore Currency Loans.

• Except as otherwise expressly provided herein, all payments by the Company shall be made to the Agent for the account of the Banks and Designated Bidders at the Agent's Payment Office, and, with respect to principal of, interest on, and any other amounts relating to, any Offshore Currency Loan, shall be made in the Offshore Currency in which such Loan is denominated or payable, and, with respect to all other amounts payable hereunder, shall be made in Dollars.

• Such payments shall be made in Same Day Funds, and (i) in the case of Offshore Currency payments, no later than such time on the dates specified herein as may be determined by the Co-Administrative Agent to be necessary for such payment to be credited on such date in accordance with normal banking procedures in the place of payment, and (ii) in the case of any Dollar payments, no later than 11:00 a.m. (Chicago time) on the date specified herein.

More Definitions of Offshore Currency

Offshore Currency means Australian Dollars, Canadian Dollars, Swiss Francs, Japanese Yen, Euro and, after the approval thereof, any other currency requested by the Company and approved by each Revolving Lender in accordance with Section 2.8(d).

Offshore Currency means Sterling and Euros.

Offshore Currency means, at any time, Euros and any Agreed Alternative Currency.

Offshore Currency means at any time Australian dollars, English pounds sterling, Euros and New Zealand dollars.

Offshore Currency means pounds sterling at any time, and with the consent of all the Banks such other currency that is at such time freely traded in offshore interbank foreign exchange markets and is freely transferable and freely convertible into Dollars and such currency is readily available to the Banks and is an Alternate Currency.

Offshore Currency means at any time English pounds sterling, Dutch ----------------- guilders, French francs, Italian liras, German deutsche marks, Japanese yen, Australian dollars.

Offshore Currency means Sterling, ADollars, Euros or Canadian Dollars.