Spot Currency Determination Date definition

Spot Currency Determination Date the meaning specified in Section 2.18 (Determination of U.S. Dollar Equivalents).
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Spot Currency Determination Date shall be the date that the Administrative Agent determines the US Dollar Equivalent of any Loan or LC Exposure denominated in an Alternative Currency and provides notice of such determination to the Borrower and may include:
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Examples of Spot Currency Determination Date in a sentence

  • For purposes of calculating the commitment fee for any period during which Revolving Loans in both US Dollars and Alternative Currencies were outstanding, the Administrative Agent shall use the US Dollar Equivalent of such Alternative Currencies calculated on the basis of the Spot Exchange Rate for such Alternative Currencies, on or as of the most recent Spot Currency Determination Date.

  • The Administrative Agent will determine the US Dollar Equivalent of the aggregate LC Exposure and of each Loan on each Spot Currency Determination Date.

  • For purposes of calculating the commitment fee for any period during which Loans in both US Dollars and Alternative Currencies were outstanding, the Administrative Agent shall use the US Dollar Equivalent of such Alternative Currencies calculated on the basis of the Spot Exchange Rate for such Alternative Currencies, on or as of the most recent Spot Currency Determination Date.

Related to Spot Currency Determination Date

  • Currency Determination Agent has the meaning provided in Section 3.11(d).

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

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

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

  • First Currency has the meaning specified in Section 1.15.

  • RMB Currency Events means any one of RMB Illiquidity, RMB Non-Transferability and RMB Inconvertibility;

  • Termination Currency means United States Dollars.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Other Currency has the meaning specified in Section 1.15.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Payment Currency has the meaning given in Clause 21.4;

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

  • 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;

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Agent’s Spot Rate of Exchange means the Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.