Local Currency Advance definition

Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

Local Currency Advance means any Advance in a Local Currency, made to CIF pursuant to Sections 2.03A and 2.03B and the Local Currency Addendum.

Local Currency Advance set forth in Section 1.01 of the Existing Local Currency Addendum is hereby amended to delete “, Swiss Francs” therefrom.

Examples of Local Currency Advance in a sentence

• Each Japan Local Currency Advance that is a Japan Base Rate Advance shall bear interest during any Interest Period at a per annum rate equal to the sum of (i) the Japan Base Rate plus (ii) the Applicable Margin in effect from time to time during such Interest Period.

• The Agent (or in the case of a Same Day Local Currency Advance, the Local Currency Agent) shall give each Local Currency Bank prompt notice thereof by facsimile or electronic mail.

• Currency Agent shall furnish to the Agent, promptly following the making, payment or prepayment of each Local Currency Advance, and at any other time at the reasonable request of the Agent, a statement setting forth the outstanding Local Currency Advances made under the Local Currency Addendum, which statement shall also indicate the amount of the Local Currency Advances that are Same Day Local Currency Advances.

• Prepayment Notices: CFC shall be permitted to prepay a Japan Local Currency Advance subject to the provisions of Section 8.04(b) of the Credit Agreement, on any Business Day, provided, in the case of any prepayment, notice thereof is given to the Japan Local Currency Agent not later than 10:00 a.m. (Tokyo time) at least three (3) Business Days prior to the date of such prepayment.

• No Term Loan Advance that is not a Japan Local Currency Advance may be Converted at any time into a Term Loan Advance that is a Japan Local Currency Advance, and no Term Loan Advance that is a Japan Local Currency Advance may be Converted at any time into a Term Loan Advance that is not a Japan Local Currency Advance.

More Definitions of Local Currency Advance

Local Currency Advance specified in subsection 2.01(c).

Local Currency Advance means any Advance in an Alternative Currency, made to a Borrower pursuant to SECTION 2.02A and a Local Currency Addendum. Each Local Currency Advance shall be a Fixed Rate Advance or a Floating Rate Advance. Floating Rate Advances under a Local Currency Addendum, and Fixed Rate Advances of the same type under a Local Currency Addendum each shall be a "TYPE" of Local Currency Advance.

Local Currency Advance means any Advance, denominated in Australian Dollars (or "A"), made to the Borrowing Subsidiary or the Company pursuant to SECTIONS 2.02A and 2.02B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in SCHEDULE II.

Local Currency Advance means any Advance in an Alternative Currency, made to a Borrower pursuant to Section 2.02A and a Local Currency Addendum. Each Local Currency Advance shall be a Fixed Rate Advance or a Floating Rate Advance. Floating Rate Advances of the same type under a Local Currency Addendum and Fixed Rate Advances of the same type under a Local Currency Addendum each shall be a “Type” of Local Currency Advance.

Local Currency Advance means any Advance, denominated in [specify currency], made to [the Borrowing Subsidiary or the Company], a [corporation organized under the laws of ], pursuant to Sections 2.02A and 2.02B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at one of the rates specified in Schedule II.

Local Currency Advance means any Advance, denominated in [specify currency], made to [the Borrowing Subsidiary or the Company], a [corporation organized under the laws of _____________], pursuant to SECTIONS 2.2A AND 2.2B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at one of the rates specified in SCHEDULE II.

Local Currency Advance specified in subsection 2.01(b).