Currency of Account means, in relation to any payment to be made to a Finance Party under a Finance Document, the currency in which that payment is required to be made by the terms of that Finance Document.

Currency of Account means the currency in which the relevant indebtedness is denominated or, if different, is payable.

Currency of Account means, in relation to any payment to be made to the Agent under or pursuant to any of the Security Documents, the currency in which that payment is required to be made by the terms of the relevant Security Document.

Examples of Currency of Account in a sentence

If that amount in the Currency of Account purchased with the Relevant Currency is less than the amount of the Currency of Account expressed to be due to the Bank, the Borrower and the customer shall indemnify the Bank against any loss sustained by it as a result thereof.
Currency of Account; Conversion of Currency; Foreign Exchange Restrictions.
Your obligation shall be to pay the obligations or liabilities in the same currency in which the said obligations or liabilities are incurred (" Currency of Account").
Each amount payable by the Borrower under a Facility Document shall be paid to such account at such bank as the Facility Agent may from time to time direct to the Borrower in the Currency of Account and in such funds as are customary at the time for settlement of transactions in the relevant currency in the place of payment.
All payments by the Chargor under this Deed (including damages for its breach) shall be made in the Currency of Account and to such account, with such financial institution and in such other manner as the Lender may direct.

More Definitions of Currency of Account

Currency of Account has the meaning set out in Clause 8.

Currency of Account means the currency that the Trading Account is denominated in which may be Euro, Great Britain Pound and US Dollars or any other currency as offered by the Company from time to time and as per the Client’s preferential choice.

Currency of Account means the currency in which the Facility or any part thereof is granted;

Currency of Account means the currency in which the relevant indebtedness isdenominated or, if different, is payable.

Currency of Account means, in respect of each of the Borrowers’ Obligations, the currency in which it is from time to time denominated.

Currency of Account means, in respect of any payment to be made to a Finance Party under or pursuant to any of the Finance Documents, the currency in which that payment is required to be made by the terms of the relevant Finance Document. 1.27. "Daily Simple SOFR" means, for any day, a rate per annum equal to SOFR (and rounded to the same number of decimal places as Term SOFR) for the day that is 5 US Government Securities Business Days prior to (i) if such day is a US Government Securities Business Day, that day or (ii) if such day is not a US Government Securities Business Day, the US Government Securities Business Day immediately preceding such day. 1.28. "Deed of Accession" means a deed of accession to this Agreement materially in the form set out in Schedule 7.

Currency of Account the currency in which the relevant indebtedness is denominated or, if different, is payable. Deed: this deed and its schedules.