Euro Capital definition
Euro Capital means Capital initially funded by the Purchaser in Euro.
Euro Capital means Capital initially funded by the Purchasers in EUROS.
Euro Capital means Capital initially funded by the Purchaser in Euro. “ Euro Limit ” means fifteen million Euros (€15,000,000).
Examples of Euro Capital in a sentence
All outstanding CAD Capital and Euro Capital shall be due and payable by the Cayman Seller to the Purchaser on the applicable ABCP Rollover Date.
More Definitions of Euro Capital
Euro Capital means Capital initially funded by the Purchasers in EUROS. “EURO Currency Volatility Reserve” means, at any time of determination, the product of (a) the EURO VAR then in effect, multiplied by (b) the aggregate Dollar Equivalent of the aggregate amount of EURO Capital plus the EURO LC Participation Amount. “EURO LC Participation Amount” means, at any time of determination, the aggregate LC Participation Amount with respect to Letters of Credit denominated in EUROS. “EURO VAR” means, at any time, the value at risk percentage calculated by PNC Bank, National Association from time to time, which shall be sufficient to cover the Bloomberg implied market volatility rate for a 90-day period with a 2 standard deviation confidence interval. Such amount as of the Closing Date was 6.56%. Notwithstanding the foregoing, if EUR VAR as determined under any method above would be less than zero (0.00), such value at risk percentage shall be deemed to be zero (0.00) for purposes of this Agreement. “Excess Concentration” means, for any day, the sum of, without duplication, (a) the sum of the amounts by which the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool of each Obligor exceeds an amount equal to (i) the applicable Concentration Percentage for such Obligor multiplied by (ii) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus (b) the amount by which the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool the Obligor of which is a resident of any country other than the United States (including its territories) exceeds an amount equal to (i) the Foreign Eligible Receivables Percentage, multiplied by (ii) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus (c) the amount by which the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool the Obligor of which is a Governmental Authority exceeds an amount equal to (i) 5.0% multiplied by (ii) the aggregate Outstanding Balance of all Eligible Receivables then in the Receivables Pool, plus (d) the amount by which