Committed Currency definition

Committed Currency means (a) Euro, Sterling and Swiss Francs and (b) any other Eligible Currency that shall be designated by the Company in a notice delivered to the General Administrative Agent and approved by the General Administrative Agent and all the Multicurrency Lenders as a Committed Currency.

Committed Currency means, in the case of Dollar Letters of Credit, Dollars, in the case of Euro Letters of Credit, Euros and, in the case of Sterling Letters of Credit, Sterling.

Committed Currency means Euros.

Examples of Committed Currency in a sentence

• The Borrower shall initiate all payments, except with respect to principal of, interest on, and other amounts relating to, Advances denominated in a Committed Currency, of principal, interest, fees and other payments due under this Agreement and all prepayments with respect to this Agreement to the Banks by means of payment made by the Borrower to the Agent in Dollars not later than 12:00 noon in same day funds for the account of the Banks.

• Each Borrowing shall occur on written or telephonic request (confirmed immediately in writing) to the Agent (and in the case of a LIBO Rate Borrowing denominated in a Committed Currency, to the London Sub-Agent) from a person believed by the Agent to be an officer of or other authorized representative for the Borrower.

• Each Revolving Borrowing denominated in any Committed Currency shall bear interest at a LIBO Rate.

• All payments of principal of, interest on, and other amounts relating to, Advances denominated in a Committed Currency shall be made by the applicable Borrower, without setoff, deduction or counterclaim, in immediately available funds to the Administrative Agent at the Payment Office for such Committed Currency, by 12:00 p.m. (New York time) on the date when due in the applicable Committed Currency and shall be applied ratably by the Administrative Agent among the Lenders entitled to such payments.

• At or before 2:00 p.m. on the date the requested Borrowing is to be made, in the case of a Revolving Borrowing consisting of Revolving Advances denominated in Dollars, and before 11:00 A.M. (London time) on the date of such Revolving Borrowing, in the case of a Revolving Borrowing consisting of Revolving Advances denominated in any Committed Currency, each Bank shall remit its Percentage of the requested Borrowing to the Agent at the applicable Agent’s Account in immediately available funds.

More Definitions of Committed Currency

Committed Currency means dollars or any Alternative Currency.

Committed Currency means Dollars and Committed Foreign Currencies.

Committed Currency means each Eligible Currency listed on Schedule II, as such Schedule may be amended from time to time.

Committed Currency means US Dollars and Foreign Currencies.

Committed Currency means each of British Pounds Sterling, Deutsche Marks and Japanese Yen.

Committed Currency. Requisite Lenders," "Pro Rata Share", the first two sentences of Section 2.02(a), Section 2.16(b) or the provisions contained in this Section 13.08 or the parties whose consent is required for action hereunder or under the other Loan Documents, or (v) release any Guarantor from all or any material part of its obligations under Article XII, shall be effective only if evidenced by a writing signed by or on behalf of all Lenders. No amendment, modification, termination, or waiver of any provision of Article XI or any other provision referring to the Administrative Agent shall be effective without the written concurrence of the Administrative Agent. No amendment, modification, termination or waiver of any provision of Article III shall be effective without the written consent of each of the Issuing Banks. The Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Borrower in any case shall entitle any Borrower to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 13.08 shall be binding on each assignee, transferee or recipient of a Lender's Commitment or Loans, each future assignee, transferee, recipient of a Lender's Commitment or Loans, and, if signed by Anixter, on each Borrower.

Committed Currency means Sterling, euro, Yen and Swiss Francs.