Successor Currency definition

Successor Currency means a Successor Currency as defined under the section “Description of the Notes – Succession Event.”
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Successor Currency means, in respect of a currency, any lawful successor currency.
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Examples of Successor Currency in a sentence

  • Unless otherwise agreed by the parties to a Transaction, each currency with respect to a particular country defined in this Annex will be deemed to include any lawful successor currency (the "Successor Currency") of that country.

  • EGP"), being the lawful currency of the Arab Republic of Egypt, provided that EGP will be deemed to include any lawful successor currency (the "Successor Currency", which term shallinclude each subsequent lawful successor currency) of the Arab Republic of Egypt.

  • The Successor Currency and the date of its first application shall be determined by the Investment Manager in its duly exercised discretion and will be notified to the Investors by the Issuer in accordance with “Notices” (Condition 19).

  • This ratio will be the exchange ratio set by the Issuing Country for converting the Original Currency into the Successor Currency on the date that the elimination, conversion, redenomination or exchange occurred.

  • Appointment and Resignation of Successor Currency Determination Agent .

  • Specified Currency has the meaning assigned to it in Clause 1.1. Specified Denomination has the meaning assigned to it in Clause 1.1. Successor Currency has the meaning assigned to it in Clause 6.2.TARGET2 System means the Trans-European Automated Real-time Gross Settlement Express Transfer System 2 or its successor (TARGET).

  • Appointment and Resignation of Successor Currency Determination Agent..................................

  • ZAR will be deemed to include any lawful successor currency (the "Successor Currency") of the Republic of South Africa.

  • The Successor Currency and the date of its first application shall be determined by the Issuer, or in case of actively managed ETPs, the Investment Manager in its duly exercised discretion and will be notified to the Investors by the Issuer in accordance with “Notices” (Condition 19).

  • Where "Authorised Dealer" means any bank licensed under the Banks and Other Financial Institutions Act, and such other specialised bank and issued with licence to deal in foreign exchange, as determined in accordance with the applicable foreign exchange rules of the Central Bank of Nigeria.2.Successor Currency Subject to the terms of paragraph 3 below, NGN shall be deemed to include any lawful successor currency (the "Successor Currency") of the Reference Country.

Related to Successor Currency

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • First Currency has the meaning specified in Section 1.15.

  • Index Currency means USD.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • 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;

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Termination Currency means United States Dollars.

  • Other Currency has the meaning specified in Section 1.15.

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

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

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

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

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

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

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

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

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

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Second Currency has the meaning specified in Section 14.19.

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

  • 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).

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

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • 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;