Agreed Alternate Currency definition

Agreed Alternate Currency has the meaning specified therefor in Section 2.11(a).
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Agreed Alternate Currency means the currencies listed on Schedule 2.6.12, pursuant to the procedures specified in Section 2.6.12(b).
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Agreed Alternate Currency as defined in Section 1.5 of the Agreement. Agreement — the Third Amended and Restated Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Anti-Terrorism Laws – as defined in Section 7.1.33 of the Agreement. Apex — Wabash National Lease Receivables, L.P., a Delaware limited partnership. Applicable Margin – from the Closing Date, the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion and the Unused Line Fee. Base Rate Portion 2.75 % LIBOR Portion 4.25 % Unused Line Fee 0.375 % The percentages set forth above will be adjusted 3 days following delivery by Borrowers to Agent of the Borrowing Base Certificate required to be delivered pursuant to subsection 8.1.4 of the Agreement for each March 31, June 30, September 30 and December 31 during the Term, commencing with the financial statements required to be delivered for the month ending July 31, 2010 (each such date, an “Adjustment Date”), effective prospectively on the first day of the month immediately following such delivery, by reference to the average Availability for the calendar month most recently ending in accordance with the following: Base Rate Unused Line Average Availability Portion LIBOR Portion Fee ≥$30,000,000 2.25 % 3.75 % 0.375 % ≥$20,000,000 <$30,000,000 2.50 % 4.00 % 0.375 % <$20,000,000 2.75 % 4.25 % 0.375 % provided that, (i) if Borrowers fail to deliver the Borrowing Base required to be delivered pursuant to subsection 8.1.4 of the Agreement on or before the due date thereof, the Applicable Margin shall automatically adjust to the highest pricing tier set forth above, effective prospectively from such due date until the earlier of (x) the next Adjustment Date or (y) the delivery of such Borrowing Base and (ii) if on any Adjustment Date an Event of Default is in existence, the Applicable Margin shall not be lowered regardless of the average Availability as of such Adjustment Date. If, as a result of any restatement of or other adjustment to the financial statements of the Borrowers or for any other reason, Agent determines that (a) Availability as calculated by the Borrowers as of any applicable date was inaccurate and (b) a proper calculation of the Availability would have resulted in different pricing for any period, then (i) if the proper calculation of Availability would have resulted in higher pricing for such per...
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Examples of Agreed Alternate Currency in a sentence

  • All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts designated in Canadian Dollars or any Agreed Alternate Currency.

  • In connection with all Dollar amounts set forth in this Agreement, all Canadian Dollars or amounts in any Agreed Alternate Currency shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its sole discretion, on the applicable date.

  • If Agent accepts any such request, the currency designated shall be referred to as an "Agreed Alternate Currency".

  • All valuations or computations of monetary amounts set forth in this Agreement shall include the Dollar Equivalent of amounts designated in any Agreed Alternate Currency.

  • In connection with all Dollar amounts set forth in this Agreement, all amounts in any Agreed Alternate Currency shall be converted to Dollars in accordance with prevailing exchange rates, as determined by Agent in its sole discretion, on the applicable date.

  • Notwithstanding the foregoing, any otherwise Agreed Alternate Currency shall automatically cease being an Agreed Alternate Currency at such time that, in Agent's determination, such currency could not reasonably be converted by Agent into Dollars within 3 Business Days.

  • The Company --------------------------- shall deliver to the Issuing Bank and the Agent a written request for designation of an Agreed Alternate Currency to be received by the Agent not later than 10:00 a.m. (San Francisco time) at least six Business Days in advance of the date of any Letter of Credit proposed to be Issued in such Agreed Alternate Currency.

  • Notwithstanding the foregoing, any otherwise Agreed Alternate Currency shall automatically cease being an Agreed Alternate Currency at such time that, in Agent’s determination, such currency could not reasonably be converted by Agent into Dollars within 3 Business Days.

  • The obligations of the Borrower to reimburse LC Disbursements shall be in Dollars and, to the extent an LC Disbursement is made in an Offshore Currency or Agreed Alternate Currency, the Issuing Lender making such LC disbursement shall determine the Dollar Equivalent of such LC Disbursement on the date such Issuing Lender makes such LC Disbursement.

  • Dollar Equivalent — the amount of Dollars as of any date of determination into which any Agreed Alternate Currency can be converted or determined in accordance with Section 1.6 of the Agreement.


More Definitions of Agreed Alternate Currency

Agreed Alternate Currency as defined in Section 1.5 of the Agreement. Agreement - the Amended and Restated Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Anti-Terrorism Laws - as defined in Section 7.1.33 of the Agreement. Apex - Apex Trailer Leasing & Rentals, L.P., a Delaware limited partnership. Apex Trailer Inventory - Inventory of Apex consisting of trailers subject to a lease to a third Person. Apex Trailer Leases - lease agreements whereby Apex has leased Apex Trailer Inventory to a third Person. Applicable Margin - from the Closing Date to, but not including, the first Adjustment Date (as hereinafter defined) the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion and the Unused Line Fee: Base Rate Portion 0.00% LIBOR Portion 1.50% Unused Line Fee 0.250% The percentages set forth above will be adjusted 3 days following delivery by Borrowers to Agent of the financial statements required to be delivered pursuant to subsection 8.1.3(ii) of the Agreement for each March 31, June 30, September 30 and December 31 during the Term, commencing with the financial statements required to be delivered for the month ending December 31, 2004 (each such date, an "Adjustment Date"), effective prospectively on the first day of the month immediately following such delivery, by reference to the applicable "Financial Measurement" (as defined below) for the four quarters most recently ending in accordance with the following: Financial Measurement Base Rate Portion LIBOR Portion Unused Line Fee --------------------- ----------------- ------------- --------------- Less than 1.75 to 1.00 0.25% 2.25% 0.375% Greater than or equal to 1.75 to 1.00 0.00% 2.00% 0.375% and less than 2.50 to 1.00 Greater than or equal to 2.50 to 1.00 0.00% 1.75% 0.250% and less than 3.00 to 1.00 Greater than or equal to 3.00 to 1.00 0.00% 1.50% 0.250% and less than 3.50 to 1.00 Greater than or equal to 3.50 to 1.00 0.00% 1.25% 0.250%
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Agreed Alternate Currency has the meaning specified in subsection 2.05(e).
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Agreed Alternate Currency has the meaning specified in Section 2.17(g).
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Agreed Alternate Currency has the meaning specified in SECTION 2.17(g).
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Related to Agreed Alternate Currency

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Alternative Currency means each of Euro, Sterling and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • 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.

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

  • Canadian Dollars means the lawful currency of Canada.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

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

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • 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).

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

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

  • Canadian Dollar means the lawful currency of Canada.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currencies means (a) Euro, (b) Sterling, (c) Yen and (d) each other currency (other than Dollars) approved in accordance with Section 1.08.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.