Foreign Currency definition
Examples of Foreign Currency in a sentence
In the absence of any specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof, which may be in Dollars or any Foreign Currency.
The Dollar amount to be paid by the Company to the Trustee and by the Trustee or any paying agent to the Holder of such Debt Securities with respect to such payment date shall be the Dollar Equivalent of the Foreign Currency as determined by the Currency Determination Agent as of the second Business Day preceding the applicable payment date (the “Valuation Date”) in the manner provided in paragraph (d).
This is an international loan transaction in which the specification of Dollars or an Eligible Foreign Currency, as the case may be (the “Specified Currency”), and payment in New York City, New York or the country of the Specified Currency, as the case may be (the “Specified Place”), is of the essence, and the Specified Currency shall be the currency of account in all events relating to Advances denominated in the Specified Currency.
Any amounts received by the Collateral Agent that are denominated in an Eligible Foreign Currency that are required to be deposited into the Principal Collection Account or the Interest Collection Account shall be deposited by the Collateral Agent into the applicable Eligible Currency Account for such Eligible Foreign Currency.
Any Collections on deposit in any Eligible Currency Account denominated in an Eligible Foreign Currency may be converted by the Collateral Agent at the direction of the Collateral Manager into another Eligible Foreign Currency on any Business Day (other than a Payment Date) using the then current spot rate as set forth in the definition of “Dollar Equivalent” so long as no Borrowing Base Deficiency exists either prior to or after giving effect to such conversion.