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 the currency so specified in the relevant Pricing Supplement.

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.

Examples of Alternate Currency in a sentence

• The interest rate on Loans denominated in Dollars or any Alternate Currency may be determined by reference to a benchmark rate that is, or may in the future become, the subject of regulatory reform or cessation.

• In connection with the use or administration of Daily Simple SOFR, Term SOFR or any Alternate Currency Rate, the Administrative Agent will have the right to make reasonably necessary Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

• The Administrative Agent will, in keeping with industry practice, continue using its current rounding practices in connection with the Base Rate, Daily Simple SOFR, Adjusted Daily Simple SOFR, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any Alternate Currency Rate.

• If the principal outstanding of any Loan denominated in an Alternate Currency is not paid in full in such Alternate Currency on the date of its stated maturity, the Administrative Agent shall have the option to convert the principal and interest outstanding of such Loan to its Dollar Equivalent as calculated on the date of such maturity (and thereafter all Obligations owing under such Loan shall be in Dollars).

• Each Borrowing of Alternate Currency Loans shall be in a principal amount of $250,000 (or, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) or a whole multiple of $250,000 (or, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) in excess thereof.

More Definitions of Alternate Currency

Alternate Currency means any lawful currency other than Dollars and the Major Currencies that is freely transferrable and convertible into Dollars.

Alternate Currency means, with respect to any Letter of Credit, Pounds Sterling, Canadian Dollars, Euros or Swiss Franc or 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.

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 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 any lawful currency other than Dollars which is freely transferable 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 Pounds Sterling, Euros, Canadian Dollars and Swiss Francs or any other currency other than Dollars as may be acceptable to the Administrative Agent and the Required Lenders with respect thereto in their sole discretion.