Alternate Currency definition

Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility 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 means any lawful currency other than Dollars and the Major Currencies that is freely transferrable and convertible into Dollars.

Alternate Currency means in the case of Revolving Loans and Letters of Credit, Canadian Dollars, Sterling, Euros, Japanese Yen and Singapore Dollars and each other currency that is approved in accordance with Section 1.11.

Examples of Alternate Currency in a sentence

• The approval of any Alternate Currency may be accompanied by changes to the timing of the delivery of Borrowing Requests, Interest Election Requests and Letter of Credit Request in respect to credit extensions in such Alternate Currency.

• Revolving Loans denominated in Euros, Sterling or any Alternate Currency shall be LIBO Rate Borrowings.

• Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing or SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.08; provided that Revolving Loans denominated in Euros, Sterling or any Alternate Currency shall be LIBO Rate Borrowings at all times.

• Notwithstanding anything to the contrary herein, to the extent that the LIBO Rate and/or the Alternate Base Rate is not applicable to or available with respect to a Revolving Loan to be denominated in an Alternate Currency, the interest rate components applicable to such Alternate Currency shall be separately agreed by the Lead Borrower and the Administrative Agent.

• All Protective Advances denominated in Dollars shall be ABR Borrowings and all Protective Advances denominated in Euros or Sterlingan Alternate Currency shall be LIBO Rate Borrowings.

More Definitions of Alternate Currency

Alternate Currency means the currency so specified in the relevant Pricing Supplement.

Alternate Currency means each of euros, pounds, yen, Canadian dollars, Australian dollars and each other currency (other than Dollars) that is a lawful currency that is readily available and freely transferable and convertible into Dollars as shall be agreed from time to time between each applicable Issuing Bank and the Borrower.

Alternate Currency means Euros, Pounds Sterling, Japanese Yen or any other currency, other than Dollars, that is freely transferable and convertible into Dollars.

Alternate Currency means, in relation to a Currency Linked Investment, the currency (other than the Base Currency) in which the principal amount could be repaid.

Alternate Currency means and include Canadian Dollars, Australian Dollars, New Zealand Dollars, French Francs, Deutsche Marks, Spanish Pesetas, Japanese Yen, Pounds Sterling and any other freely convertible currencies that may be acceptable to the Letter of Credit Issuer and the Required Banks.

Alternate Currency means any currency which the Company requests the Agent to include as an Alternate Currency hereunder and which is acceptable to one-hundred percent (100%) of the applicable Alternate Currency Lenders for such Alternate Currency Facility; and with respect to which an Alternate Currency Addendum has been executed among the Company, any Foreign Subsidiary Borrower party thereto, one or more Alternate Currency Lenders and the Agent in connection therewith.

Alternate Currency means Canadian Dollars, Euro, Pound Sterling and any other lawful currency reasonably acceptable to the applicable L/C Lender.