Optional Currencies definition

Optional Currencies means Dutch Guilders (NLG), Euro (EUR) or Japanese Yen (JPY);
Optional Currencies. Marks, Pounds, Francs, euro units and, with ------------------- respect to Swing Line Loans and Letters of Credit only, Pesetas, and, with respect to Letters of Credit only, Lira and any other foreign currency which is acceptable to the Issuing Lender in its sole discretion.
Optional Currencies means the currencies of Great Britain, France, Germany, Australia or any other currency acceptable to the Agent freely tradable in the offshore interbank market and which is freely convertible into Dollars.

Examples of Optional Currencies in a sentence

  • For purposes of preparing the financial statements, calculating financial covenants and determining compliance with covenants expressed in Dollars, Optional Currencies shall be converted to Dollars in accordance with GAAP.

  • All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed or, in the case of interest in respect of Loans denominated in Optional Currencies as to which market practice differs from the foregoing, in accordance with such market practice.

  • If on any Computation Date the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrower of the same.

  • Any lawful recognized market in which deposits of Dollars and the relevant Optional Currencies are offered by international banking units of United States banking institutions and by foreign banking institutions to each other and in which foreign currency and exchange operations or eurocurrency funding operations are customarily conducted.

  • If on any Computation Date the Revolving Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative Agent shall notify the Borrowers of the same.


More Definitions of Optional Currencies

Optional Currencies means Euros, Dollars and any other currency which the Facility Agent has confirmed to the Parent is freely available in the London foreign exchange market and which all relevant Lenders have confirmed they are willing to advance;
Optional Currencies means Deutschemarks, Euros and Finnish Markkas. -------------------
Optional Currencies. Marks, Pounds, Francs and, with respect ------------------- to Swing Line Loans and Letters of Credit only, Lira and Pesetas, and, with respect to Letters of Credit only, any other foreign currency which is acceptable to the Issuing Lender in its sole discretion."
Optional Currencies means German Deutschmarks, Danish Krona, Finnish Markka, Norwegian Krone or Swedish Krona.
Optional Currencies means Euros, Dollars and any other currency which the Mezzanine Facility Agent has confirmed to the Parent is freely available in the London foreign exchange market and which all relevant Mezzanine Lenders have confirmed they are willing to advance;
Optional Currencies means any of Dollars, Yen, Swiss Francs, Sterling and Euros;
Optional Currencies. Original Exchange Rate" means the Agent's Spot Rate of Exchange used for determining the amount of the Optional Currency for the Interest Period which is the later of the following: