Optional Currency definition

Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

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Optional Currency means, at any time, Australian Dollars, Canadian Dollars, Euros, New Zealand Dollars, Pounds and Yen, so long as such currency is freely traded and convertible into Dollars in the London Interbank market and a Dollar Equivalent thereof can be calculated.

Optional Currency means any currency (other than euros) in which a Loan may be denominated under this Agreement.

Examples of Optional Currency in a sentence

All payments of principal and interest made in respect of the Loans must be repaid in the same currency (whether Dollars or the applicable Optional Currency) in which such Loan was made and all Unpaid Drawings with respect to each Letter of Credit shall be made in the same currency (whether Dollars or the applicable Optional Currency) in which such Letter of Credit was issued.
Interest on the principal amount of each Optional Currency Loan shall be paid by the Borrowers in such Optional Currency.
At any time when the Borrowers shall select, convert to or renew a Term Rate Option, the Borrowers shall notify the Administrative Agent thereof by delivering a Loan Request to the Administrative Agent (i) at least three (3) Business Days prior to the effective date of such Term Rate Option with respect to a Loan denominated in Dollars, and (ii) at least four (4) Business Days prior to the effective date of such Term Rate Option with respect to an Optional Currency Loan.
The Administrative Agent will promptly notify the Borrowers and the Lenders of any such redenomination, and in such notice, the Administrative Agent will state the aggregate Dollar Equivalent amount of the redenominated Revolving Credit Loans in an Optional Currency as of the applicable Computation Date with respect thereto and such ▇▇▇▇▇▇’s Revolving Credit Ratable Share thereof.
If a Borrower delivers a Loan Request requesting that the Lenders renew the Term Rate Option with respect to an outstanding Borrowing Tranche of Revolving Credit Loans denominated in an Optional Currency, the Lenders shall be under no obligation to renew such Term Rate Option if any Lender delivers to the Administrative Agent a notice by 5:00 p.m. four (4) Business Days prior to the effective date of such renewal that such Lender cannot continue to provide Revolving Credit Loans in such Optional Currency.

More Definitions of Optional Currency

Optional Currency means any of the following currencies: (i) Australian Dollars, (ii) British Pounds Sterling, (iii) Canadian Dollars, (iv) Euros, and (v) any other currency approved by Agent and all of the Banks pursuant to Section 2.17(d).

Optional Currency means, in relation to any Advance, any currency other than euro, Dollars and Sterling which:

Optional Currency means, in relation to any Advance or proposed Advance, Sterling, U.S. Dollars or any other currency other than euros which is readily available and freely transferable in the London foreign exchange market in sufficient amounts to fund that Advance.

Optional Currency means any currency (other than ecu, sterling and dollars) which is freely transferable and freely convertible into dollars.

Optional Currency. Sublimit shall have the meaning specified in Section 2.1.1 [Revolving Credit Loans; Optional Currency Loans]. Order shall have the meaning specified in Section 2.9.9 [Liability for Acts and Omissions]. Original Currency shall have the meaning specified in Section 4.12 [Currency Conversion Procedures for Judgments]. Other Currency shall have the meaning specified in Section 4.12 [Currency Conversion Procedures for Judgments].

Optional Currency euros and Sterling.

Optional Currency means any currency which is freely transferable and convertible into Dollars and acceptable to all the Banks; provided, that, subject to the terms of this Agreement, Euros and British Pounds Sterling shall be deemed acceptable to the Banks.