Available Currency definition
Examples of Available Currency in a sentence
Any and all prepayments made by the Borrower under the Facility Documents shall be made in the applicable Available Currency.
If that Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Appropriate Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the Dollar Equivalent, calculated by the Administrative Agent, thereof in the case of an Available Currency other than Dollars) (the “Unreimbursed Amount”), and the amount of such Appropriate Lender’s Pro Rata Share or other applicable share provided for under this Agreement thereof.
PROCEQ reserves the right to charge to the customer a handling fee for any purchase orders of less than CHF 150, a surcharge for small- volume purchases of CHF 50.
Each prepayment of the principal of, and interest on, any Revolving Credit Loans shall be made in the relevant Available Currency.
Any Letter of Credit issued under any Revolving Facility may be denominated in any Available Currency selected by the applicable Borrower.