Currency of Account means, in relation to any payment to be made to a Finance Party under a Finance Document, the currency in which that payment is required to be made by the terms of that Finance Document.

Currency of Account means the currency in which the relevant indebtedness is denominated or, if different, is payable.

Currency of Account means, in relation to any payment to be made to the Bank under or pursuant to any of the Security Documents, the currency in which that payment is required to be made by the terms of the relevant Security Documents.

Examples of Currency of Account in a sentence

Currency of Account We may transfer funds on deposit in the Canadian dollar component of the Account to cover any Transactions which require settlement in U.S. dollars, and vice versa.
The Customer shall designate a certain currency to be the Currency of Account for the purpose of the said management, and the valuation of Investments made hereunder shall be calculated by reference to the Currency of Account at such rate of exchange as the Bank may from time to time determine in its discretion.
If that amount in the Currency of Account purchase with the Relevant Currency is less than the amount of the Currency of Account expressed to be due to the Bank under the Facility Documents, the Borrower shall indemnify the Bank against any loss sustained by it as a result thereof.
All payments by any Chargor under this Deed (including damages for its breach) shall be made in the Currency of Account and to such account, with such financial institution and in such other manner as the Security Trustee may direct.
Amounts deposited in Additional Loan Note Issuer Accounts shall be applied in accordance with the provisions of any relevant Loan Note Supplement and Clause 8.6 (Payments – Currency of Account and Payment Method).

More Definitions of Currency of Account

Currency of Account means, in relation to any payment to be made to the Agent or a Bank under or pursuant to any of the Security Documents, the currency in which that payment is required to be made by the terms of the relevant Security Document.

Currency of Account has the meaning set out in Clause 8.

Currency of Account means the currency that the Trading Account is denominated in which may be Euro, Great Britain Pound and US Dollars or any other currency as offered by the Company from time to time and as per the Client’s preferential choice.

Currency of Account means the currency in which the relevant indebtedness is denominated or, if different, is payable;

Currency of Account means the currency in which the Facility or any part thereof is granted;

Currency of Account means the currency in which the relevant indebtedness isdenominated or, if different, is payable.

Currency of Account means, in respect of each of the Borrowers’ Obligations, the currency in which it is from time to time denominated.