Redenominate, definition

Redenominate,. “Redenomination” and “Redenominated” each refer to the redenomination of Term Loan Advances comprising all or part of the same Borrowing from an Agreed Currency to Dollars or from Dollars to another Agreed Currency, or the continuation of such Advances in the same Agreed Currency, in each case pursuant to Section 2.03(b), 2.10 or 2.15.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Redenominate,. “Redenomination” and “Redenominated” each refer to a redenomination comprising all or part of the same Borrowing from an Agreed Currency to Dollars or from Dollars to another Agreed Currency, or the continuation of such Advances in the same Agreed Currency, in each case pursuant to Section 2.10 or 2.15.

Redenominate, means changing the unit in which the amount of outstanding debt is stated from a national currency unit to the euro unit, but which does not have through the act of redenomination the effect of altering any other term of the debt, this being a matter subject to relevant national law;

Examples of Redenominate, in a sentence

• Upon the acceleration of the Loans outstanding hereunder following the occurrence and the continuance of any Event of Default, the Required Banks may, at their option, and, notwithstanding Section 2.12(m) of this Agreement, Redenominate all Eurocurrency Rate Loans denominated in Alternative Currencies and then outstanding into Eurocurrency Rate Loans or Base Rate Loans denominated in Dollars.

• If a Borrower on any day is unable or is not entitled to Convert, Redenominate or continue such Advances into or as an RFR Advance pursuant to Section 2.03 or Section 2.10, the Agent will forthwith so notify such Borrower and the Banks and such Advances will automatically, on such day, Convert into Base Rate Advances denominated in Dollars.

• Restricted Stock Measurement Date: the earlier of (1) the first trading day following 270 days after the Distribution Date or (2) September 30, 1996; or (3) such earlier date as the Company shall permit in the "Consent to Redenominate" between the Company and the holder of restricted stock.

More Definitions of Redenominate,

Redenominate,. Redenomination" and "Redenominated" each refers to redenomination of any Loan in an Alternative Currency into Dollars or any other Alternative Currency pursuant to Sections 2.12(m) and 7.11.

Redenominate, means convert shares from having a fixed nominal value in one currency to having a fixed nominal value in another currency.

Redenominate, means the conversion of each Alternate Currency Loan from one Alternate Currency into Dollars or another Alternate Currency.

Redenominate,. REDENOMINATION" and "REDENOMINATED" each refers to redenomination of each Eurocurrency Loan comprising the same Borrowing from Dollars into an Alternative Currency or from an Alternative Currency into Dollars or another Alternative Currency pursuant to section 2.6.

Redenominate, means changing the unit in which the amount of outstanding debt is stated from a national currency unit to the euro unit, but which does not have through the act of redenomination the

Redenominate,. REDENOMINATION" and "REDENOMINATED" each refer to redenomination of Advances comprising all or part of the same Committed Borrowing from Dollars into an Alternative Currency or from an Alternative Currency into Dollars or another Alternative Currency, or the continuation of such Advances in the same Alternative Currency, in each case pursuant to SECTION 2.09, 2.10(b) or 2.13.

Redenominate, means the conversion of each Alternate Currency Loan from one Alternate Currency into Dollars.