Currency Exposure Sample Clauses

Currency Exposure. If the Administrative Agent notifies the Company at any time that the Outstanding Amount as of any Revaluation Date of Committed Loans, Swing Line Loans and L/C Obligations, as applicable, with respect to any Tranche exceeds the Applicable Sublimit for such Tranche then in effect, the Borrowers shall promptly, and in any event within one (1) Business Day, prepay the Loans made under such Tranche and/or Cash Collateralize the L/C Obligations issued under such Tranche, if any, in an aggregate amount equal to such excess; provided, however, that the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.06(e) unless after the prepayment in full of the Loans or of the Loans made under such Tranche, as applicable, such excess remains.
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Currency Exposure. For dealing in Securities and for cash settlement in currencies other than the Customer's base currency, the Customer acknowledges there may be profits or losses arising as a result of a fluctuation in exchange rates, which shall be entirely for the Customer's account and risk.
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Currency Exposure. The Company shall determine the allocation of its assets to non-United States dollar denominated securities and the appropriate level of currency exposure. Currency exposure is to be limited to that exposure necessary to hedge loss reserves, unearned premium reserves and profit commissions. Speculation of non-US dollar denominated currencies is strictly prohibited. Specific allocations to sectors and issuers must be made consistent with the diversification and credit quality of US dollar securities. The Company will notify the investment manager in writing (e-mail will be sufficient) at least annually of the currency exposure and allocations.
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Currency Exposure. Accounts trading the Discus Program are usually denominated in US dollar. The program will thus use the US dollar as its base currency and will trade non-US dollar denominated instruments as well as US dollar denominated instruments. Accordingly, the value of an account may be affected favorably or unfavorably by fluctuations in currency rates. Although the Trading Advisor will at the instruction of its clients undertake a currency hedging policy, there is no guarantee that such a policy will be successful, in whole or in part, and the costs of operating such policy will be borne by the account holders. Under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act of 2010 (“Xxxx Xxxxx”), various restrictions have been imposed on persons trading foreign exchange not on regulated exchanges for the account of retail investors and has imposed additional requirements on commodity pools that may engage in such foreign exchange transactions in the over-the-counter markets. Although final rules implementing and interpreting the changes have not yet been published, the changes to the definitions of “eligible contract participant” could have an adverse impact on an Account if it will no longer qualify as an “eligible contract participant” after the change becomes effective.
Sample 1
Currency Exposure. Macquarie shall be entitled, without prior notice to you, to make any currency conversions it considers necessary or desirable for the purposes of complying with its obligations or exercising any of its rights hereunder. Any such conversion shall be effected by Macquarie in such manner and at such rates as it may in its absolute discretion determine having regard to the prevailing rates for freely-convertible currencies. In addition to any rights hereunder, if, for the purposes of any claim, proof or order, a liability which you owe to Macquarie must be converted into a currency other than that in which it would otherwise have been due, you shall pay to Macquarie such additional amounts as may be necessary to ensure that, when received and converted, Macquarie will receive the full amount in the original currency as would have been received had no such conversion been required.
Sample 1
Currency Exposure. The choice of base currency (the currency in which you want to build your wealth and measure your returns) has significant impact on the way your capital will be invested. Please indicate the base currency for your portfolio. Sterling U.S. Dollars Euro Other (please state) Our aim is to optimise investment returns measured in the base currency selected. Whilst your portfolio will contain a bias to the base currency, it will be managed on a global basis and will therefore contain exposure to assets outside of the base currency. If you do not wish to have any exposure to assets outside of the base currency please notify us on Page 7 in the Portfolio investment limit(s) and restriction(s) section.
Sample 1
Currency Exposure. The Company does not have, and will not on Completion have, any unhedged foreign currency exposure.
Sample 1
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Related to Currency Exposure

  • Currencies Currency Equivalents (a) At any time, any reference in the definition of the term “Alternative Currency” or in any other provision of this Agreement to the Currency of any particular nation shall mean the then lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date of this Agreement.

  • Currency Equivalents For purposes of determining (a) whether the amount of any Borrowing, together with all other Borrowings then outstanding or to be borrowed at the same time as such Borrowing, would exceed the Available Amount, (b) the unutilized amount of the Credit Facility, and (c) the outstanding principal amount of any Borrowing, the outstanding principal amount of any Loan that is denominated in Canadian Dollars shall be deemed to be the Dollar Equivalent of such amount determined as of the applicable determination date.

  • Currency Equivalent Except as otherwise provided in this Indenture, for purposes of the construction of the terms of this Indenture or of the Securities, in the event that any amount is stated herein in the Currency of one nation (the “First Currency”), as of any date such amount shall also be deemed to represent the amount in the Currency of any other relevant nation (the “Other Currency”) which is required to purchase such amount in the First Currency at the Bank of Canada noon rate as reported by Telerate on screen 3194 (or such other means of reporting the Bank of Canada noon rate as may be agreed upon by each of the parties to this Indenture) on the date of determination.

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction."

  • Currency Equivalents Generally Any amount specified in this Agreement (other than in Articles II, IX and X) or any of the other Loan Documents to be in Dollars shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount thereof in the applicable currency to be determined by the Administrative Agent at such time on the basis of the Spot Rate (as defined below) for the purchase of such currency with Dollars. For purposes of this Section 1.07, the “Spot Rate” for a currency means the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date of such determination; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

  • Exchange Rates; Currency Equivalents (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuer, as applicable.

  • Currency and amount (a) The currency specified in a Utilisation Request must be dollars.

  • Dollar Amounts All references to “$” contained in this Agreement shall refer to United States Dollars unless otherwise stated.

  • Base Currency For the purposes of any calculation hereunder, we may convert amounts denominated in any other currency into the Base Currency at such rate prevailing at the time of the calculation as we shall reasonably select.

  • Currency Exchange All payments under this Agreement shall be payable, in full, in Dollars, regardless of the country(ies) in which sales are made. For the purposes of computing Net Sales of Licensed Products that are sold in a currency other than Dollars, such currency shall be converted into Dollars as calculated at the rate of exchange for the pertinent quarter or year to date, as the case may be, as used by Celgene in producing its quarterly and annual accounts, as confirmed by their respective auditors.

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