Selected Currency definition

Selected Currency means, with respect to each Eurocurrency Rate ----------------- Borrowing, the currency, which may be U.S. Dollars, Pounds Sterling, Deutsche Marks, French Francs, Danish Kroner, or such currency as may be approved from time to time by the Agent and the Majority Banks, so long as such Selected Currency remains freely transferable and convertible into U.S. Dollars and readily available to banks in the London interbank market, selected by the Company pursuant to Section 2.2 and designated by the Company as such in the Request for Advance for such Borrowing.
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Selected Currency as defined in Section 2.26(g).
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Selected Currency means a currency selected by the Fiscal Agent from among the Component Currencies and the United States dollar;
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Examples of Selected Currency in a sentence

  • The Selected Currency of Eurocurrency Rate Borrowings sought by a Borrower shall be designated by the Borrower in its Request for Advance for such Borrowing.

  • For the avoidance of doubt, if the same currency appears more than once as a Selected Currency the weight attributed to such currency shall be determined independently for each relevant Selected Country by reference to the relative size of each such Selected Country’s GDP/PPP Level.

  • For the avoidance of doubt, if the Selected Currency is USD then Perf i,t shall be zero.

  • Deposits are routed through an overseas correspondent bank which we designate for each particular Selected Currency (as explained in our instructions for the Selected Currency).

  • If your Selected Currency is unavailable to us for any reason on a day we are to pay you or transfer funds in the Selected Currency due to exchange controls, or for any other circumstances beyond our control (including, without limitation, natural disasters and civil disturbances), we will not pay you or transfer funds in your Selected Currency or in any other currency (including United States Dollars).

  • For these and other reasons, it is possible that your Selected Currency would not be available to us on a date we are scheduled to pay you or make a transfer.

  • Non-gold-adjusted weight: for a selected currency i is equal to the ratio between the GDP/PPP Level of that Selected Currency i and the sum of the GDP/PPP Levels of all Selected Currencies (rounded to [two] decimal places).

  • The non-gold-adjusted weight (NGAW) for a Selected Currency i is defined as per below: The sum of NGAWi is equal to 100% Adjusted Weight: The static weight of the gold is reset to 5% on each Weighting Date T.

  • Deposits through one of our designated overseas correspondent banks for that Selected Currency will be considered as a deposit to your Multicurrency Account on the day we receive clear and specific notice from that correspondent that a deposit has been made on your behalf and routed through that bank for credit to your Multicurrency Account.

  • We will notify you if we decide to stop accepting or maintaining deposits in the Selected Currency, and your Multicurrency Account for that discontinued foreign currency will be closed on the date specified in our notice to you.


More Definitions of Selected Currency

Selected Currency as defined in subsection 1.3(c).
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Selected Currency means the currency selected by the Borrowers as the currency in which the Banks will issue any LIBO Rate Loan or Bid Loan, which currencies will be limited to Dollars, Deutsche Marks, French Francs, Pounds Sterling and such other currencies as are readily tradeable in the eurocurrency market in London and are agreed to by each of the Banks, which agreement will not be unreasonably withheld or delayed.
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Selected Currency is defined in Clause 24.2 (Unavailability of ECU/ecu).
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Selected Currency is defined in Clause 22.2;
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Related to Selected Currency

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

  • 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).

  • Second Currency has the meaning specified in Section 14.19.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling, (iv) Japanese Yen, (v) Canadian Dollars, (vi) Swiss Francs and (vii) any other currency (x) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars, (y) for which a LIBOR Screen Rate is available in the Administrative Agent’s reasonable determination and (z) that is reasonably acceptable to the Administrative Agent and each of the Revolving Lenders.

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.

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

  • Denomination Currency has the meaning specified in Section 14(b).

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • First Currency has the meaning specified in Section 1.15.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Payment Currency has the meaning given in Clause 21.4;

  • Other Currency has the meaning specified in Section 1.15.

  • Termination Currency means United States Dollars.

  • Index Currency means USD.

  • Settlement Currency means Pounds sterling ("GBP").

  • Primary Currency has the meaning specified in Section 9.11(c).

  • 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.

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