Currency definition
Examples of Currency in a sentence
Neither the Borrower nor any Subsidiary is in violation of the restrictions set forth in the following laws and all Executive Orders and regulations promulgated under those laws: (a) Foreign Corrupt Practices Act, 15 U.S.C. § 78 et seq.; (b) Currency and Foreign Transactions Reporting Act, 31 U.S.C. § 5316; (c) Trading With the Enemy Act, 50 U.S.C. App.
The Cardmember shall sign the CNCBI Dual Currency Credit Card (“Credit Card”) issued in his name immediately upon receipt.
During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Term SOFR Loans and (ii) no Loans may be requested as or continued as Alternative Currency Term Rate Loans, as applicable, in each case without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Term SOFR Loans be converted immediately to Base Rate Loans.
For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Alternative Currency Term Rate Loan made by it at the Alternative Currency Term Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Alternative Currency Term Rate Loan was in fact so funded.
Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans, then to Alternative Currency Daily Rate Loans, then to Term SOFR Loans in direct order of Interest Period maturities, and lastly to Alternative Currency Term Rate Loans in direct order of Interest Period maturities.