Available Foreign Currency definition

Available Foreign Currency means (i) Euros, Canadian Dollars, British Pounds Sterling, Swiss Francs and Japanese Yen and (ii) any other freely available currency which is freely transferable and freely convertible into Dollars and in which dealings in deposits are carried on in the London interbank market, which shall be requested by the Borrower and approved by each Lender.

Available Foreign Currency means an Available Currency other than US Dollars.

Available Foreign Currency means any currency other than United States Dollars, so long as such currencies are freely transferable and convertible into United States Dollars and are traded and readily available to each Bank in the London interbank market.

Examples of Available Foreign Currency in a sentence

• The amounts made available by each Multicurrency Lender will then be made available on such Borrowing Date to the relevant Borrower at the funding office for the relevant Available Foreign Currency set forth in the Administrative Schedule and in like funds as received by the General Administrative Agent.

• Each borrowing under the Multicurrency Commitments shall be in an amount in an Available Foreign Currency of which the U.S. Dollar Equivalent is equal to at least $10,000,000 (or, if the then Aggregate Available Multicurrency Commitments are less than $10,000,000, such lesser amount).

• Each Borrower hereby authorizes the Lenders and the Administrative Agent to extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds based on telephonic notices made by any Person or Persons the Administrative Agent or any Lender reasonably and in good faith believes to be an Authorized Officer, provided that the Borrowers shall be required to make all requests for Loans denominated in any Available Foreign Currency in writing.

• All deposits made pursuant to preceding clause (i) shall be made in Dollars or, with respect to Foreign Currency Letters of Credit, in the applicable Available Foreign Currency or as the applicable Issuing Bank may otherwise agree.

• In the event any amount denominated in an Available Foreign Currency is not paid when due, such amount shall, for all purposes of this Agreement, be converted to an amount in Dollars based on the Dollar Equivalent thereof.

More Definitions of Available Foreign Currency

Available Foreign Currency means (i) British Pounds Sterling and French Francs and (ii) any other freely available currency which is freely transferable and freely convertible into Dollars and in which dealings in deposits are carried on in the London interbank market, which shall be requested by the Borrower and approved by each Lender.

Available Foreign Currency means each of euro, Canadian dollars and Pounds Sterling.

Available Foreign Currency means any currency that is freely convertible to U.S. Dollars and is readily available to, and approved by, the Bank.

Available Foreign Currency means any available and freely-convertible non-Dollar currency selected by Borrower and approved by the Issuer from time to time.

Available Foreign Currency means (i) British Pounds Sterling, (ii) Euro and (iii) any other currency (other than US Dollars) which shall be requested by Anixter and approved by each Lender in accordance with Section 1.05.

Available Foreign Currency means any currency that is freely convertible to U.S. Dollars and is readily available to, and approved by, the Bank. “Bank” is defined in the introductory paragraph hereof. “Bank Products” means each and any of the following bank products and services provided to the Company or any Guarantor by the Bank or any of its Affiliates: (a) credit cards or charge cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards, and (c) depository, cash management, and treasury

Available Foreign Currency means, individually or collectively, as the context shall require, each of the following currencies, if offered and subject to availability to all Lenders: (i) Japanese Yen, (ii) French Francs, (iii) German Deutsche Marks, (iv) United Kingdom Pounds Sterling, (v) Spanish Pesetas, (vi) Italian Lira, and (vii) at the option of all Lenders, any other currency which is freely transferrable and convertible into U.S. Dollars; provided, however, no such other currency shall be included as an Available Foreign Currency hereunder unless (A) the Borrower has submitted a written request to the Administrative Agent and Lenders that it be so included and (B) the Administrative Agent and all Lenders have agreed to such request.