Optional Currency Advance definition

Optional Currency Advance is defined in Section 2.5(a).
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Optional Currency Advance means each Advance requested by, and made available to, the Borrower and/or continued in an Optional Currency and in the plural means all of them;
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Optional Currency Advance means an Advance which the Borrower requests to be made in Optional Currency, in accordance with the provisions of Section 2.4(h) hereof.
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Examples of Optional Currency Advance in a sentence

  • If a Borrower requests an Optional Currency Advance, and (i) Bank notifies such Borrower that it does not agree to such request; or (ii) Bank is not satisfied that all necessary governmental and other approvals, authorizations and consents have been obtained; or (iii) Bank determines that it is not feasible for an Advance to be denominated in such Optional Currency, then unless Bank otherwise agrees, that Advance shall be a Dollar Advance.

  • The Optional Currency Advance shall be made by each of the Lenders in an amount up to its respective Commitment Percentage of Revolving Advances, and BOH shall be the agent for both Lenders in connection with the making of such Advance.

  • If by the second London Banking Day before the end of the Interest Period during which a LIBOR-Based Rate is in effect, the Borrower has not provided the foregoing notice, the Loan shall, in the case of a Dollar Advance, at the end of the Interest Period accrue interest at a Prime-Based Rate and, in the case of an Optional Currency Advance, shall at the end of the Interest Period accrue interest at the LIBOR-Based Rate with an Interest Period of one month.

  • All payments (including prepayments) of Dollar Advances shall be made in Dollars, and all payments (including prepayments) of Optional Currency Advances shall be made in the currency in which Optional Currency Advance is then outstanding.

  • Repayments of the Optional Currency Advance are to made in such Optional Currency and shall be made only at the branch of BOH in the country of such Optional Currency.

  • The authorized return was $214,691,890, therefore, PBR Sharable Earnings totaled $29,613,002 for 2001.

  • Subject to the Council approving the principle of the proposed Order, it is recommended that a survey be undertaken between February and April 2020 asking people if they would support the extension and variation of the Order, as detailed in Appendix B.

  • In the event that the Borrower has not provided notice to the Bank on or before 4 Business Days prior to the end of an Interest Period of whether it elects to maintain an Optional Currency Advance in an Optional Currency or as to the Interest Period therefor, the Advance shall at the end of the duration of the next Interest Period remain in the currency in which the Optional Currency Advance was made with an Interest Period of one month.

  • The Bank shall not make an Optional Currency Advance if the Equivalent Amount of all Optional Currency Advances, including the Optional Currency Advance being requested, and the amount of any Dollar Advances exceeds the amounts specified in Section 2.1(b) hereof.

  • The notice for a LIBOR-Based Rate Loan and an Optional Currency Advance shall also be given to the Branch simultaneously with delivery of the notice to FUNB.


More Definitions of Optional Currency Advance

Optional Currency Advance means an Advance in an Optional Currency, made pursuant to and in accordance with Section 2.1.1.A hereof.
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Related to Optional Currency Advance

  • 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).

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).