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 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 set forth herein, the Borrower may request the issuance of Letters of Credit for its own account, denominated in either Dollars or an Optional Currency and in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Revolving Availability Period.
All payments under each Loan Document shall be made in Dollars other than, to the extent specified herein (including in Section 2.25), with respect to Letters of Credit denominated in an Optional Currency.
The requested currency shall be approved as an Optional Currency hereunder only if the Administrative Agent and each of the Issuing Banks approve of the Borrower’s request.
In the event that the Administrative Agent receives a timely notice from the Issuing Bank pursuant to the preceding sentence, the Administrative Agent will notify the Borrower, prior to the issuance, amendment or extension of an Optional Currency Letter of Credit, that Letters of Credit are not then available in such Optional Currency.
Prior to the occurrence of the event or events described in clause (i) or (ii) of the preceding sentence, each amount payable by the Borrower hereunder in any Optional Currency will, except as otherwise provided herein, continue to be payable only in that 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 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.

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 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 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 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.