Foreign Currency definition
Examples of Foreign Currency in a sentence
If the election referred to in paragraph (b) above has been provided for pursuant to Section 3.01 and if at least one Holder has made such election, then, unless otherwise specified pursuant to Section 3.01, on the second Business Day preceding such payment date the Company will deliver to the Trustees for such series of Securities an Exchange Rate Officer's Certificate in respect of the Dollar or Foreign Currency payments to be made on such payment date.
The Depositary and/or its agent (which may be a division, branch or Affiliate of the Depositary) may act as principal for any conversion of Foreign Currency.
The Securities may be issued in one or more series and may be denominated and payable in Dollars or any Foreign Currency.
Each reference in this Agreement to Dollars or to an Approved Foreign Currency (the “relevant currency”) is of the essence.
In addition, for each Approved Foreign Currency, the Borrower shall establish at the Intermediary segregated sub-accounts that each constitute a Principal Collection Subaccount and Interest Collection Subaccount for each Approved Foreign Currency.