Approved Foreign Currency definition

Approved Foreign Currency means any Approved Currency other than Dollars.

Approved Foreign Currency means, at any time, any of Australian Dollars, Canadian Dollars, Euros and Pounds Sterling.

Approved Foreign Currency means Canadian Dollars, Euro, Great British Pound Sterling and any other currency approved from time to time by the Administrative Agent in its reasonable discretion.

Examples of Approved Foreign Currency in a sentence

• In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Approved Foreign Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof.

• Except as otherwise expressly provided herein and except with respect to an Approved Foreign Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office for Dollar-denominated payments and in Same Day Funds not later than 1:00 p.m. New York City time on the date specified herein.

• If, for any reason, the Borrower is prohibited by any Law from making any required payment hereunder in an Approved Foreign Currency, the Borrower shall make such payment in Dollars in an amount equal to the Dollar Equivalent of such Approved Foreign Currency payment amount.

• Except as otherwise expressly provided herein, all payments by the Borrower hereunder in an Approved Foreign Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Approved Foreign Currency and in Same Day Funds not later than 2:00 p.m. (London time) (or, if earlier, 9:00 a.m. New York city time) on the dates specified herein.

• In the case of a Letter of Credit denominated in an Approved Foreign Currency, the Borrower shall reimburse the L/C Issuer in such Approved Foreign Currency, unless the L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars.

More Definitions of Approved Foreign Currency

Approved Foreign Currency means, at any time, the Euro; provided, that with the prior written agreement of all of the Multicurrency Lenders, such term shall include any other Foreign Currency, that, at such time, (a) is dealt with in the London interbank market, (b) is freely transferable and convertible into Dollars in the London foreign exchange market and (c) with respect to which no central bank or other governmental authorization in the country of issue of such Foreign Currency is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

Approved Foreign Currency means, with respect to any Letter of Credit issued by an L/C Issuer, any currency (other than Dollars or Canadian Dollars) approved by such L/C Issuer in which such Letter of Credit is denominated.

Approved Foreign Currency. AUD, CAD, EUR and GBP.

Approved Foreign Currency means Canadian Dollars, Euro and Pounds Sterling.

Approved Foreign Currency. AUD, CAD, EUR and GBP or such other foreign currency approved by the Administrative Agent in its sole discretion.

Approved Foreign Currency means Canadian Dollars.

Approved Foreign Currency as defined in subsection 4.2(b).