Designated Foreign Currency definition
Designated Foreign Currency means Euros, British pounds, Japanese yen or any other currency (other than Dollars and Canadian Dollars) approved in writing by each of the Lenders and that is freely traded and exchangeable into Dollars.
Designated Foreign Currency means, with respect to any applicable Letter of Credit, any foreign currency that is (a) freely traded and exchangeable into US Dollars and (b) approved by the applicable Issuing Bank.
Designated Foreign Currency means Euro and Sterling.
Examples of Designated Foreign Currency in a sentence
Subject to the terms and conditions set forth herein, a Revolving Borrower may request the issuance of Letters of Credit, denominated and payable in Dollars or any Designated Foreign Currency, as the applicant thereof for the support of its or any Subsidiary’s obligations, in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during the Availability Period.
Except as otherwise specified herein, all references herein or in any other Loan Document to a Dollar amount shall mean such amount in Dollars or, if the context so requires, the Dollar Equivalent of such amount in any Designated Foreign Currency.
More Definitions of Designated Foreign Currency
Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.
Designated Foreign Currency means the Canadian Dollar and the Euro.
Designated Foreign Currency means (a) any Committed Foreign Currency and (b) any other currency specified by the Company in a notice to the Administrative Agent which, at the time of such approval, is freely transferable and convertible into US Dollars in the London interbank market and for which, at the time of such approval, LIBO Rates can be determined by reference to the Telerate screen as provided in the definition of "LIBO Rate".
Designated Foreign Currency means any foreign currency that is freely traded and exchangeable into US Dollars.
Designated Foreign Currency means Euros, Canadian dollars, Pounds Sterling, Japanese Yen, any other currency (other than Dollars) identified as a G10 currency (or any successor or substitute term) on the Closing Date (which, for the avoidance of doubt, includes Euros, Japanese Yen, Canadian dollars, Swiss francs, British pounds, Australian dollars, New Zealand dollars, Norwegian krone and Swedish krona) by a generally recognized financial information service selected by the Administrative Agent, or any other currency (other than Dollars) approved in writing by each of the Revolving Lenders and that is freely traded and exchangeable into Dollars.
Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars, New Zealand dollars, or Yen.
Designated Foreign Currency. Euro, Sterling, Australian Dollars, Canadian Dollars or any other freely available currency reasonably requested by the Parent Borrower and reasonably acceptable to the Administrative Agent, any applicable Issuing Lender and each Revolving Lender.