Actual Currency Proceeds definition

Actual Currency Proceeds means the Available Proceeds as of the Early Valuation Date but excluding any amount paid by the Swap Counterparty to the Issuer as a result of the termination of all outstanding Swap Transactions under the Swap Agreement relating to the Notes provided that if any Collateral has not been Liquidated by the Early Valuation Date then the Actual Currency Proceeds in respect of such Collateral not then Liquidated shall be deemed to be the fair bid-side market value of such Collateral as of the Early Valuation Date (as determined by the Calculation Agent) net of any taxes, costs or charges that would be incurred on the sale of the Collateral.
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Actual Currency Proceeds means the Available Proceeds as of the Early Redemption Date provided that if any Original Collateral has not been Liquidated by the Early Redemption Date then the Actual Currency Proceeds in respect of such Original Collateral not then Liquidated shall be deemed to be the fair market value of such Original Collateral as of the Early Redemption Date (as determined by the Calculation Agent) net of any taxes, costs or charges that would be incurred on the sale of the Original Collateral.
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Actual Currency Proceeds means the Available Proceeds as of the Early Valuation Date (save that, for such purpose, Available Proceeds shall exclude any amount paid by the Note Swap Counterparty to the Issuer as a result of the termination of all outstanding Note Swap Transactions under the Note Swap Agreement relating to the Notes and any amount paid by the Note Repo Counterparty to the Issuer as a result of the termination of all outstanding Note Repo Transactions under the Note Repo Agreement relating to the Notes), provided that, if any Collateral has not been Liquidated by the Early Valuation Date, then the Actual Currency Proceeds shall be deemed to be the fair market value of the Collateral as of the Early Valuation Date (as determined by the Calculation Agent) net of any taxes, costs or charges that would be incurred on the sale of the Collateral.
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Examples of Actual Currency Proceeds in a sentence

  • The Broker, acting as agent for the Company, shall in the period from but excluding the later of the Delivery Date and the LastPermissible Delivery Date to and including the day falling one Payment Business Day prior to the Cash Settlement Date (the “Sale Period”) sell the Undeliverable Assets and the Company will pay in respect of each Note on the Cash Settlement Date an amount in EUR equal to such Note’s pro rata share of the Actual Currency Proceeds (the “Cash Settlement Amount”).

  • The Broker, acting as agent for the Company, shall in the period from but excluding the later of the Delivery Date and the Last Permissible Delivery Date toand including the day falling one Payment Business Day prior to the Cash Settlement Date (the “Sale Period”) sell the Undeliverable Assets and the Company will pay in respect of each Note on the Cash Settlement Date an amount in EUR equal to such Note’s pro rata share of the Actual Currency Proceeds (the “Cash Settlement Amount”).

Related to Actual Currency Proceeds

  • Contractual Currency has the meaning given in Clause 21.5;

  • Virtual currency means a digital representation of value that:

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Termination Currency means United States Dollars.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Available Currency means Dollars.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Dual Currency Note means a Dual Currency Interest Note and/or a Dual Currency Redemption Note, as applicable;

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Denomination Currency has the meaning specified in Section 14(b).

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • 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.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;