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).

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

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).

Examples of Optional Currency in a sentence

• Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in either the Base Currency or, solely with respect to Euribor Rate Loans, the Optional Currency to the Borrower from time to time during the Commitment Period in an aggregate Dollar Equivalent principal amount at any one time outstanding which does not exceed the amount of such Lender’s Commitment.

• Partial prepayments of Loans shall be in an aggregate principal amount of $1,000,000 (with respect to ABR Loans and Daily Simple SOFR Loans denominated in the Base Currency) or EUR 1,000,000 (with respect to Euribor Rate Loans denominated in the Optional Currency) or a whole multiple thereof.

• Subject to Section 2.11, each Loan shall be either an ABR Loan, a Daily Simple SOFR Loan or a Euribor Rate Loan (solely if denominated in the Optional Currency) as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.7. Except as provided in Section 2.3(f), the Borrower shall repay all outstanding Loans not later than the Final Termination Date.

• Payments and prepayments of principal of and interest on Loans denominated in the Optional Currency shall be made in the Optional Currency; payments and prepayments of all other amounts hereunder shall be made in the Base Currency.

More Definitions of Optional Currency

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

Optional Currency at any time, Australian Dollars, Canadian Dollars, Euro, New Zealand Dollars, Pounds Sterling and such other currencies which are convertible into Dollars and are freely traded and available in the London interbank eurocurrency market.

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 means US Dollars and, with the prior approval of the Lenders, any currency other than Euro which is for the time being freely transferable and convertible into Euro and deposits of which are readily available and freely dealt in the European Interbank Market.

Optional Currency euros and Sterling.

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

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