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Required Currency. The term “Required Currency” shall have the meaning specified in Section 1.10.
Required Currency. All amounts and payments used in or paid under this Agreement are and shall be made in U.S. Dollars, and payment obligations shall not be discharged by an amount paid in another currency, whether pursuant to a judgment or otherwise.
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Required Currency. The term "
Required Currency. The term “
Required Currency. UK Borrowers shall make all principal, ----------------- interest, and other payments and prepayments for which they are obligated in the currency in which that obligation was originally denominated (the "REQUIRED CURRENCY"). However, the failure by UK Borrowers to make any payment or prepayment in any Required Currency (other than Dollars) on the date due solely because the Required Currency has ceased to be freely transferable and convertible into Dollars in the relevant interbank market shall not constitute an Event of Default if UK Borrowers pay (i) on that due date, the Dollar Equivalent (as calculated by Administrative Agent in good faith) of the amount of the Required Currency due on that date and (b) within ten days after demand through Administrative Agent by any Lender under the UK Facility, the amount that will (in the reasonable determination of that Lender) reimburse that Lender for any loss or expense caused by the failure of UK Borrowers to make that payment or prepayment in the Required Currency on the date due. That Lender shall submit a statement as to any such loss or expense (including calculations in reasonable detail) to Administrative Agent and UK Borrowers, which shall, in the absence of manifest error, be conclusive and binding on UK Borrowers.
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Required Currency. All margin deposited must be in the form of U.S. Dollars or other currencies to be determined from time to time at the sole discretion of Interbank FX, LLC. Mode of Payment. Bank or Cashiers? Checks and wire transfers are the only acceptable forms for margin deposits made in connection with opening new accounts. No trades can be executed in a new account prior to the checks being cleared or the wires being received. Cash deposits will not be accepted. Dishonored Checks. Interbank FX, LLC reserves the right to levy a charge of US$25.00 on all checks dishonored by the bank. If the check is deposited to open new positions, and is subsequently dishonored, the Company will at its sole and absolute discretion, liquidate some or all positions in the account at prevailing market prices. Any profit derived from said liquidation(s) will be forfeited to Interbank FX, LLC and will be deducted from the client? account. Any losses, charges or costs shall remain Customer? liability. If the check is deposited to fulfill a margin call, and is subsequently dishonored, Interbank FX, LLC will at its sole and absolute discretion, liquidate all the positions in the account at the day? high, day? low or the previous day? closing, whichever is the most unfavorable price for Customer. Any losses, charges or costs shall remain Customer? liability. Timing of Credit to the Account. All margins must be deposited with Interbank FX, LLC before the New York market closes on each business day - otherwise, the deposit will be credited to the next business day (including in the case of initial margin transferred from one account to another). Minimum Initial Margin Deposit. For mini accounts, the minimum initial margin deposit to a customer account is US $500 (including when transferred from another account with Interbank FX, LLC of the same clients) and the maximum margin deposit is $10,000.
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