U.S. Dollars definition
Examples of U.S. Dollars in a sentence
Wherever in this Agreement in connection with a Loan, an amount, such as a required minimum or multiple amount, is expressed in U.S. Dollars, but such Loan is denominated in an Alternative Currency, such amount shall be the Alternative Currency Equivalent of such U.S. Dollar amount (rounded to the nearest 1,000 units of the applicable Alternative Currency).
For the avoidance of doubt, the Delegated Sponsor fee shall be settled exclusively in U.S. Dollars, and no bitcoin shall be transferred to the Delegated Sponsor in satisfaction of the Delegated Sponsor fee.
If the U.S. Dollars so purchased are greater than the sum originally due to the Initial Purchaser hereunder, such party agrees to pay to the Issuer an amount equal to the excess of the U.S. Dollars so purchased over the sum originally due to the Initial Purchaser hereunder.
Borrowers shall pay to the Administrative Agent for the account of the Lenders an unused commitment fee (the “Commitment Fees”), in U.S. Dollars, in an amount equal to 1% per annum on the actual daily unused and uncancelled amount of the Commitments of such Lender during the period from and including the Closing Date to but excluding the Maturity Date.
At any time during the continuance of an Event of Default, the Administrative Agent may in its sole discretion direct the Collateral Agent to exchange amounts attributable to the Borrower in any Alternative Currency for U.S. Dollars, or exchange amounts attributable to the Borrower in U.S. Dollars for any Alternative Currency, in each case, at the Spot Rate for application hereunder.