Credit Currency definition

Credit Currency means the currency in which the Credit Facility or Limit is denominated in the Contract.
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Credit Currency means the Currency in which the Credit is denominated; provided that if the Financing Agreement provides for Conversions, “Credit Currency” means the Currency in which the Credit is denominated from time to time. If the Credit is denominated in more than one currency, “Credit Currency” refers separately to each of such Currencies.
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Credit Currency means the currency in which the Credit Facility is denominated.
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Examples of Credit Currency in a sentence

  • Credit Currency Specify the currency in which the beneficiary is to be credited.

  • ICBCIS may at its discretion decide the currency in which the Extension of Credit is granted (" Credit Currency") (which may or may not be the same as the currency in which the Transaction is to be settled ("Settlement Currency")) and the currency in which the repayment shall be made to ICBCIS ("Repayment Currency").

  • As an exempt salaried employee, you may be expected to work additional hours, including evenings and weekends, as required to perform your job duties.

  • Calculation Adjustment The following provisions will apply if specified in the Final Terms and should be considered for all Structured Notes except Credit-, Currency and Commodity-linked Notes.

  • If less than two (2) quotations are provided as requested, the rate for the Interest Period shall be the arithmetic mean (as determined by the Association) of the rates quoted by four (4) major banks selected by the Association in the relevant Financial Center, at approximately 11:00 a.m. in the Financial Center, on the Reference Rate Reset Date for the Interest Period for loans in the relevant Credit Currency to leading banks for six (6) months.

  • If such rate does not appear on the Relevant Rate Page, the Association shall request the principal London office of each of four (4) major banks to provide a quotation of the rate at which it offers six-month deposits in the relevant Credit Currency to leading banks in the London interbank market at approximately 11:00 a.m. London time on the Reference Rate Reset Date for the Interest Period.

  • He first expounded his economic ideas in his works Constitutional Law Relative to Credit, Currency, and Banking (1843) and Poverty: Its Illegal Causes, and Legal Cure (1846).

  • Particularly, he developed his proposal for a new banking and currency system in three works: Constitutional Law Relative to Credit, Currency, and Banking (1843), Poverty: its Illegal Causa and Legal Cure (1846) and A New System of Paper Currency (1861).

  • US Constitution as quoted by Spooner, Constitutional Law Relative to Credit, Currency and Banking(1843), in the Collected Works of Lysander Spooner 1834-1886, vol.

  • BEC believes mining participants, that operate in New Zealand, recognise this collective priority to protect New Zealand’s environment.

Related to Credit Currency

  • Fiat Currency means a currency issued by a country's government or central bank.

  • First Currency has the meaning specified in Section 1.15.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Settlement Currency means Pounds sterling ("GBP").

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Payment Currency has the meaning given in Clause 21.4;

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Other Currency has the meaning specified in Section 1.15.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • 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.

  • Agreement Currency has the meaning specified in Section 10.19.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • Eligible Currency means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.