Eligible Foreign Currency definition

Eligible Foreign Currency is defined in Section 1.3(b) hereof.

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Eligible Foreign Currency. Euros, so long as at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the international interbank market and (c) such currency is freely traded and readily available.

Eligible Foreign Currency for any period, any Foreign Currency for which an FX Reference Rate is available and which is readily transferrable and convertible into US Dollars on the international interbank market.

Examples of Eligible Foreign Currency in a sentence

• At any other time, upon the direction of the Collateral Manager (or, during the continuance of an Event of Default, the Administrative Agent), the Collateral Agent shall convert funds denominated in an Eligible Foreign Currency into Dollars at the Spot Rate within three (3) Business Days of receipt of such direction (or four (4) Business Days in the case of any conversion of AUD to Dollars).

• Conditions Precedent to Initial Advances in Eligible Foreign Currency 78 ARTICLE IV REPRESENTATIONS AND WARRANTIES 79 Section 4.01.

• Amounts in the USD Pass-Through Collection Account and any Interest Collection Account or any Principal Collection Account denominated in an Eligible Foreign Currency shall be held uninvested.

• For the avoidance of doubt, the USD Pass-Through Collection Account, the Custodial Account and any account denominated in an Eligible Foreign Currency shall be held uninvested.

• With respect to any proceeds denominated in an Eligible Foreign Currency, all Interest Proceeds and any deposits required pursuant to Section 8.05(a) shall credited to the applicable Interest Collection Account and all Principal Proceeds and any deposits required pursuant to Section 8.05(a) shall be credited to the applicable Principal Collection Account.

More Definitions of Eligible Foreign Currency

Eligible Foreign Currency means AUD, CAD, EUR, GBP, NZD and SEK.

Eligible Foreign Currency means Canadian Dollars, Euros and GBP.

Eligible Foreign Currency means the lawful currency of a country (other than the United States of America) or monetary union of countries that is either (a) a member of the Organization for Economic Co-Operation and Development, and (b) approved as an “Eligible Foreign Currency” in writing by the Administrative Agent (in its sole discretion). As of the Closing Date, Euros have been approved by the Administrative Agent pursuant to clause (b) above.

Eligible Foreign Currency means either Belgian Francs, Euros, Hong Kong Dollars, French Francs, Spanish Pesetas or UK Sterling.

Eligible Foreign Currency. Each Tier 1 Eligible Foreign Currency and Tier 2 Eligible Foreign Currency.

Eligible Foreign Currency means AUD, CAD, EUR, GBP, NZD and SEK. “Eligible Foreign Currency VaR Percentage” means 6.0%, or such other percentage designated by all Group Agents from time to time upon ten (10) Business Days’ notice. “Eligible Foreign Obligor” means an Obligor that is organized in or that has a head office (domicile), registered office, and chief executive office located in a country that is not the United States or a country or territory that is, or whose government is, the subject of any Sanctions. “Eligible Receivable” means, at any time of determination, a Receivable:

Eligible Foreign Currency means Canadian Dollars, Euros, GBP and AUD.