Offshore Currency definition

Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

Offshore Currency means Sterling, ADollars, Euros or Canadian Dollars.

Offshore Currency means at any time English pounds sterling, Canadian dollars, French francs, Deutsche Mark, Xxpanese yen and any Agreed Alternative Currency.

Examples of Offshore Currency in a sentence

• For all purposes of this Agreement (but not for purposes of the preparation of any financial statements delivered pursuant hereto), the equivalent in any Offshore Currency or other currency of an amount in Dollars, and the equivalent in Dollars of an amount in any Offshore Currency or other currency, shall be determined at the Spot Rate.

• In the case of any Offshore Currency Loans, the Borrowing or continuation shall be in an aggregate amount equal to the Dollar Equivalent amount of the originally requested Borrowing or continuation in the Offshore Currency, and to that end any outstanding Offshore Currency Loans which are the subject of any continuation shall be redenominated and converted into Base Rate Loans in Dollars with effect from the last day of the Interest Period with respect to any such Offshore Currency Loans.

• No Issuing Bank shall be obligated to issue an Offshore Currency Letter of Credit if such Issuing Bank has determined, in its sole discretion, that it is unable to fund obligations in the requested Offshore Currency; provided, however, the Administrative Agent shall use its commercially reasonable efforts to locate suitable issuers if no Issuing Bank is able to fund obligations in the requested Offshore Currency.

• Each Fronted Offshore Currency Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the applicable Fronted Offshore Currency Rate.

• For all purposes of this Agreement ------------------------------ (but not for purposes of the preparation of any financial statements delivered pursuant hereto), the equivalent in any Offshore Currency or other currency of an amount in Dollars, and the equivalent in Dollars of an amount in any Offshore Currency or other currency, shall be determined at the Spot Rate.

More Definitions of Offshore Currency

Offshore Currency means at any time Deutschemarks, French Francs, Japanese Yen, Pounds Sterling, Swiss Francs or any Agreed Alternative Currency.

Offshore Currency means at any time, Euro, Pounds Sterling, German Deutschemarks, Canadian Dollars or Italian Lira and, from and after the time of approval by each Lender in accordance with Section 2.06(e), any other currency requested by Company.

Offshore Currency means, at any time, Euros and any Agreed Alternative Currency.

Offshore Currency means at any time Australian dollars, English pounds sterling, Euros and New Zealand dollars.

Offshore Currency means euro, Australian Dollars, Canadian Dollars, Singapore Dollars, Swedish Kroner, Danish Kroner, Norwegian Kroner, Japanese Yen, New Zealand Dollars, Sterling, Swiss Franc and any Agreed Alternative Currency determined in accordance with Section 2.9(e).

Offshore Currency means any Facility A Currency or Facility B Currency.

Offshore Currency means any Committed Loan Offshore Currency or any Letter of Credit and Swing Line Offshore Currency, as the context may require.