Examples of Alternate Currencies in a sentence
DOLLAR EQUIVALENT VALUE LIMITATION FOR ADVANCES IN MAJOR CURRENCIES: If at any time the dollar equivalent value of all Advances in Major and Alternate Currencies exceeds 110% of $200,000,000 (the "Major Currency Sublimit"), the Borrowers shall make a mandatory prepayment at the end of the respective Interest Periods for such Advances to reduce the dollar equivalent value of all Advances in Major Currencies to 100% of the Major Currency Sublimit.
The Administrative Agent or an Issuing Bank, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Loans and Letters of Credit denominated in Alternate Currencies.
It is not the intention of the Board of Directors to use the hedging arrangements to generate a further profit for the Alternate Currencies Classes of Shares.
The Net Asset Value per Share of the Alternate Currencies Classes of Shares does therefore not necessarily develop in the same way as that of the Shares in the relevant Fund Currency.
Whilst holding hedged Shares may substantially protect the investor against losses due to unfavourable movements in the exchange rates of the Alternate Currencies against the Fund Currency, holding such Shares may also substantially limit the benefits of the investor in case of favourable movements.