Permitted Currencies definition
Examples of Permitted Currencies in a sentence
Clause 3.4 shall be amended so that the Maximum Amount of the Loan shall be reduced in the Permitted Currency or Permitted Currencies selected under this Clause, provided that the Reduction Dates specified in Clause 3.4 shall not be changed.
Thereafter, (x) the obligation of the Lenders to make or maintain LIBOR Floating Rate Loans and Eurocurrency Rate Loans shall be suspended, (to the extent of the affected LIBOR Floating Rate Loans, Eurocurrency Rate Loans, Permitted Currencies or Interest Periods, as applicable) and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate.
If and to the extent such Bank shall not have made such pro rata portion available to the Agent, such Bank and the Borrowers severally agree to pay to the Agent forthwith on demand such amount together with interest thereon, for each day from the date such amount was paid by the Agent until such amount is so made available to the Agent at a per annum rate equal to the Federal Funds Rate or the Agent's cost of funds with respect to Permitted Currencies other than Dollars.
The Notice also contains entries for Permitted Currencies and Maximum Tenor of the Counterparty Transactions.
In the event that a Prime Broker is willing to permit a Designated Party to trade any currencies, it should specify “All” in the entry for Permitted Currencies.