Quoted Currency definition

Quoted Currency means the currency that stands second in a currency pair. It shows the price of base currency;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Quoted Currency is the second foreign currency in the currency pair designation for which the Client can buy or sell the base foreign currency. A similar concept “currency” will be used hereinafter instead of the “foreign currency”.

Quoted Currency means Dollars, Euros, Sterling and Japanese Yen and each other currency for which there is a published reference rate, in each case as long as there is a published reference rate acceptable to the Administrative Agent with respect thereto.

Examples of Quoted Currency in a sentence

If no LIBOR Successor Rate for a LIBOR Quoted Currency has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender.
Thereafter, (x) the obligation of the Lenders to make or maintain LIBOR Loans in the applicable LIBOR Quoted Currency shall be suspended (to the extent of the affected LIBOR Loans or Interest Periods), and (y) the LIBOR Rate component shall no longer be utilized in determining the ABR.
Such Successor Rate for such Alternative Currency shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Successor Rate for such non-Dollar LIBOR Quoted Currency shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.
For the avoidance of doubt, the calculation of the applicable interest rate with respect to all Loans made in any Non-LIBOR Quoted Currency shall be determined in accordance with market practice.
Upon receipt of such notice, the Company may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein.
Upon receipt of such notice, the Company or the applicable Designated Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein.
The Agent, in its reasonable discretion, shall designate any approved Optional Currency as Libor Quoted Currency or a Non-Libor Quoted Currency for purposes of this Agreement.
In connection with any such consent, the Agent may, with the consent of the Company only, amend, modify or supplement this Agreement (including, without limitation, the definitions of Business Day, Eurocurrency Rate and LIBOR Quoted Currency) solely as necessary to reflect the addition of the applicable currency as an Alternative Currency hereunder.
Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency shall be suspended, (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate.
In connection with any such consent, the Administrative Agent may, with the consent of the Parent only, amend, modify or supplement this agreement (including the definitions of Business Day, Eurocurrency Rate, Interest Period and LIBOR Quoted Currency) solely as necessary to reflect the addition of the applicable currency as an Alternative Currency hereunder.

More Definitions of Quoted Currency

Quoted Currency means, in respect of a Component, the currency in which the Timely Level and Tradable Level of such Component is expressed, as determined in accordance with the Style of such Component and as described in the Timely and Tradable Level Table in respect of such Component.

Quoted Currency means the currency which specific instrument is traded in.

Quoted Currency is the currency that stands second in a currency pair. It shows the price of the Base Currency. “Sell Limit” is a Pending Order to sell at a price higher than the current price level and is offered in the expectation that the market price will go up reaching a certain level and thereafter begin to fall. “Sell Stop” is a Pending Order to sell at a price lower than the current price level and is offered in the expectation that the market price will go down reaching a certain level and continue falling thereafter.

Quoted Currency means a second currency in a Currency Pair that can be bought or sold by the Client against the Base Currency.

Quoted Currency means Dollars and Sterling, in each case as long as there is a published LIBOR rate with respect thereto.

Quoted Currency means the currency that stands second in a currency pair. It shows the price of base currency.