National Currency definition

National Currency means the currency, other than the Euro, of a Participating Member State.
National Currency means the currency, other than Euro, of a member state of the European Union.
National Currency means the national currency of any territory which is accepted by us in exchange for Metal from time to time;

Examples of National Currency in a sentence

  • It was resolved that the reserve for the repurchase of own shares that may be used on a revolving basis during 2024 shall be equal to the amount of USD$100,000,000.00 legal currency of the United States of America, or its equivalent in Pesos, National Currency, derived from the retained earnings of the Company.


More Definitions of National Currency

National Currency means the currency, other than the Euro, of a Participating Member State. “Net Cash Proceeds” means:
National Currency means the unit of currency of the Borrower;
National Currency means currency issued by monetary authorities of a Member State or a group of Member States;
National Currency means a currency that constitutes legal tender in [ ] ;
National Currency or "NC" means the lawful currency (other than the Euro) of any Participating Member State, which is freely transferable in accordance with EMU Legislation and in which dealings in deposits of which are carried out in the Euro-zone interbank market, and, when used in reference to any Loan or Borrowing, indicates that such Loan, or the Loans comprising such Borrowing, are denominated in a National Currency. Any given National Currency shall be available hereunder only as and to the extent permitted by EMU Legislation.
National Currency the currency lawfully adopted by a country as its national currency unit.
National Currency means the currency, other than the Euro, of a Participating Member State. “Net Cash Proceeds” means: (a) with respect to any Disposition by the Borrower or any Subsidiary Guarantor, or any Extraordinary Receipt received or paid to the account of the Borrower or any Subsidiary Guarantor (in each case, which requires a payment of the Loans under Section 2.10(d)), an amount equal to (a) the sum of cash and Cash Equivalents received in connection with such transaction (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) minus (b) the sum of (i) the principal amount of any Indebtedness that is secured by the applicable asset and that is required to be repaid in connection with such transaction (other than Indebtedness under the Loan Documents), (ii) the reasonable out-of-pocket fees, costs and expenses incurred by the Borrower or such Subsidiary in connection with such transaction, (iii) the taxes paid or reasonably estimated to be actually payable within two years of the date of the relevant transaction in connection with such transaction; provided that, if the amount of any estimated taxes pursuant to this clause (iii) exceeds the amount of taxes actually required to be paid in cash in respect of such Disposition, the aggregate amount of such excess shall constitute Net Cash Proceeds (as of the date the Borrower determines such excess exists), (iv) any reasonable costs, fees, commissions, premiums and expenses incurred by the Borrower or any of its Subsidiaries in connection with such Disposition and (v) reserves for indemnification, purchase price adjustments or analogous arrangements either (x) required by underlying documentation for such Disposition or (y) reasonably estimated by the Borrower or the relevant Subsidiary in connection with such Disposition; provided that, if the amount of any estimated reserves pursuant to this clause (v) exceeds the amount actually required to be paid in cash in respect of indemnification, purchase price adjustments or analogous arrangements for such Disposition, the aggregate amount of such excess shall constitute Net Cash Proceeds (as of the date the Borrower determines such excess exists); and