Required Currency Hedge definition

Required Currency Hedge means one or more foreign currency instruments including currency options, currency hedges and similar items, acceptable to the Administrative Agent, exexxxxxxle at any time, with an Eligible Counterparty providing for the delivery by such Eligible Counterparty of United States dollars in exchange for the receipt of Canadian Dollars, in each case having a remaining term at any time of not less than five (5) months.
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Examples of Required Currency Hedge in a sentence

  • The Transferor agrees that at any time that it enters into any Required Currency Hedge, it shall have funds available to make payment of fees or other amounts due in connection with the purchase of such Required Currency Hedge at the time that such payments are due and payable thereunder.

  • Subject to the penultimate paragraph in this Section 2.27, the Collection Agent shall solicit offer quotations from at least two Authorized Foreign Exchange Dealers for effecting such exchange and shall compare such offer quotations to the Required Currency Hedge and select the execution which will require the least amount of Canadian Dollars to purchase one (1) U.S. Dollar.

  • MRFC agrees that it will enter into a Required Currency Hedge only on a Settlement Date or on the Closing Date.

  • MRFC agrees that at any time that it enters into any Required Currency Hedge, it shall have funds available to make payment of fees or other amounts due in connection with the purchase of such Required Currency Hedge at the time that such payments are due and payable thereunder.

  • The Transferor agrees that it will enter into any Required Currency Hedge only on a Weekly Settlement Date or on the Closing Date.

  • Capitalized terms used in this Required Currency Hedge Assignment shall have the respective meanings assigned to such terms in the Schedule A to the Receivables Transfer Agreement.

  • The Transferor agrees that it will enter into any Required Currency Hedge only on a Weekly Settlement Date or on the Original Closing Date.

  • This Required Currency Hedge Assignment and the covenants set forth herein shall be binding upon and inure to the benefit of the Transferor, the Administrative Agent, the Funding Agents, the CP Conduit Purchasers and the Committed Purchasers, respectively, and their respective successors and permitted assigns.

  • The Company agrees that at any time that it enters into any Required Currency Hedge, it shall have funds available to make payment of fees or other amounts due in connection with the purchase of such Required Currency Hedge at the time that such payments are due and payable thereunder.

  • The Transferor shall have given reasonably equivalent value to the applicable Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, the Required Currency Hedge, Collections and Proceeds with respect thereto from the applicable Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the applicable Seller to the Transferor.

Related to Required Currency Hedge

  • Required Currency has the meaning specified in Section 1.16.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Judgment Currency has the meaning specified in Section 10.19.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Settlement Currency means Pounds sterling ("GBP").

  • Denomination Currency has the meaning specified in Section 14(b).

  • Contractual Currency has the meaning given in Clause 21.5;

  • Payment Currency has the meaning given in Clause 21.4;

  • Termination Currency means United States Dollars.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Second Currency has the meaning specified in Section 14.19.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • First Currency has the meaning specified in Section 1.15.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Agreement Currency has the meaning specified in Section 10.19.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Virtual currency means a digital representation of value used as a medium of exchange, unit of account, or store of value, which does not have legal tender status recognized by the United States. The term does not include:

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

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

  • 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).