Alternative Currency definition

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

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Alternative Currency means any currency (other than Dollars) that is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars (as determined in good faith by the Company).

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

Examples of Alternative Currency in a sentence

Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein.
Any prepayment of a Term SOFR Loan or Alternative Currency Term Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05.
Except as otherwise provided herein, the applicable amount of an Alternative Currency for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the applicable Fronting L/C Issuer(s), the Several L/C Agent or the Administrative Agent, as applicable.
If the applicable Borrower fails to make such reimbursement by the required time, the Unreimbursed Amount (if such Unreimbursed Amount is denominated in an Alternative Currency) shall automatically be converted from the Alternative Currency to Dollars in an amount equal to the Dollar Equivalent thereof.
In the case of any such reimbursement in Dollars of a drawing under a Fronted Letter of Credit denominated in an Alternative Currency, (x) the amount of such reimbursement shall be equal to the Dollar Equivalent of the amount of such drawing, determined and calculated as of the date of such reimbursement and (y) such Fronting L/C Issuer shall notify the applicable Borrower of such Dollar Equivalent promptly following the determination thereof.

More Definitions of Alternative Currency

Alternative Currency means each of the following currencies: Euro, Sterling, Canadian Dollars, Krona, and Singapore dollars, together each other currency (other than Dollars) that is approved in accordance with Section 1.06; provided that for each Alternative Currency, such requested currency is an Eligible Currency.

Alternative Currency means Euro and Sterling.

Alternative Currency means each of Euro, British Pounds Sterling and Canadian Dollars.

Alternative Currency means each of Euro, British Pounds Sterling, Australian Dollars, Brazilian Real, Canadian Dollars, Chinese Yuan, Danish Kroner, Egyptian Pound, Hong Kong Dollars, Indian Rupee, Indonesian Rupiah, Japanese Yen, Korean Won, Mexican Pesos, New Zealand Dollars, Russian ▇▇▇▇▇, Singapore Dollars, Swedish Kroner, Swiss Francs and each other currency (other than United States Dollars) that is a lawful currency (other than United States Dollars) that is readily available and freely transferable and convertible into United States Dollars.

Alternative Currency means each of Euro, Sterling, Canadian Dollars and each other currency (other than US Dollars) that is approved in accordance with Section 1.6 for Loans made to the Tranche A Borrowers or TCCI.

Alternative Currency means, with respect to (i) Revolving Loans, Euros and Sterling, and (ii) any Letter of Credit or Swing Line Loans, Euros, Sterling and any currency which is freely transferable and convertible into Dollars.

Alternative Currency means each currency (other than Dollars) that is approved in accordance with Section 1.07.