Currency Options Sample Clauses

Currency Options. (a) The Bank may sell Currency Options to or purchase Currency Options from the Customer upon the terms and conditions as set out in these FX Services Terms as if references in these FX Services Terms to “FX Contracts” were references to “Currency Options”.
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Currency Options. In Section 1.1 we considered forward contracts on currency exchanges. It is also possible to create calls and puts on currency exchanges. The details are similar to forwards: You should think of the currency being purchased as the asset, with a current price of xo . That currency's risk-free rate plays the role of the dividend rate, while the strike currency's risk-free rate plays the role of the risk-free rate. When working with currency options, you will often see phrases such as “A dollar-denominated put on yen.” The denomination of an option is the currency that the strike is paid in, and (usually) the currency in which the premium is paid.
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Currency Options. The Advances may from time to time be (i) U.S. Dollar Base Rate Advances, (ii) U.S. Dollar Eurocurrency Rate Advances, (iii) Canadian Dollar Base Rate Advances, or (iv) Pounds Sterling Eurocurrency Rate Advances, or a combination thereof, as determined by the applicable Borrower and notified to the Applicable Agent in accordance with SECTIONS 2.1, 2.2, or 2.3.
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Related to Currency Options

  • Currency of Payments All payments in respect of, under and in connection with these presents and the Notes of any Series to the relevant Noteholders, Receiptholders and Couponholders shall be made in the relevant currency.

  • Currency and Funds of Payment All Guarantors’ Obligations for payment will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Guaranteed Liabilities, or the rights of any Secured Party with respect thereto as against the Borrower or any other Loan Party, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower or any other Loan Party of any or all of the Guaranteed Liabilities.

  • Currency of Payment The contract price will normally be paid in the currency or currencies in which the price has been stated. The purchaser, however, reserves the right to make payments in the currencies of the countries of origin of goods and services at the exchange rates applicable at the time of payment of the contract price.

  • Currency and method of payments All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it:

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

  • Assignment Settlement Option ☐ The undersigned Lender hereby agrees to have an amount equal to 100% of the outstanding principal amount of the Existing Term Loans held by such Lender prepaid on the Third Amendment Effective Date and to purchase by assignment 2020 Refinancing Term Loans in an equal principal amount (or such lesser amount allocated to such Lender by the Administrative Agent). ​ CARVAL CLO III, LTD., as a 2020Refinancing Term Lender by CarVal Investors, LPits attorney-in-fact By: /s/ Xxxxxxxx Xxxxxxxxxx ​ Name:Xxxxxxxx Xxxxxxxxxx ​ Title:Authorized Signatory ​ ​ ​ Cashless Settlement Option ☒ The undersigned Lender hereby commits an amount equal to 100% of the outstanding principal amount of the Existing Term Loans held by such Lender to be 2020 Refinancing Term Loans and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of the Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) held by such Lender for 2020 Refinancing Term Loans in an equal principal amount.

  • Currency Translation Rule For purposes of determining the balance or value of accounts denominated in a currency other than the U.S. dollar, a Reporting Financial Institution must convert the dollar threshold amounts described in this Annex I into such currency using a published spot rate determined as of the last day of the calendar year preceding the year in which the Reporting Financial Institution is determining the balance or value.

  • 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.

  • 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.

  • 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.

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