Credit Currency definition

Credit Currency means the currency in which the Credit Facility or Limit is denominated in the Contract.
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Credit Currency means the Currency in which the Credit is denominated; provided that if the Financing Agreement provides for Conversions, “Credit Currency” means the Currency in which the Credit is denominated from time to time. If the Credit is denominated in more than one currency, “Credit Currency” refers separately to each of such Currencies.
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Credit Currency means the currency in which the Credit Facility is denominated.
Sample 1

Examples of Credit Currency in a sentence

  • Credit Currency Specify the currency in which the beneficiary is to be credited.

  • If ICBCIS decides to provide the Extension of Credit in a Credit Currency other than the Settlement Currency, ICBCIS will determine the amount of Extension of Credit in the Credit Currency (at such exchange rate for converting the Credit Currency into the Settlement Currency as ICBCIS shall determine at the relevant time).

  • ICBCIS may at its discretion decide the currency in which the Extension of Credit is granted (" Credit Currency") (which may or may not be the same as the currency in which the Transaction is to be settled ("Settlement Currency")) and the currency in which the repayment shall be made to ICBCIS ("Repayment Currency").

  • If such rate does not appear on the Relevant Rate Page, the Association shall request the principal London office of each of four (4) major banks to provide a quotation of the rate at which it offers six-month deposits in the relevant Credit Currency to leading banks in the London interbank market at approximately 11:00 a.m. London time on the Reference Rate Reset Date for the Interest Period.

  • If less than two (2) quotations are provided as requested, the rate for the Interest Period shall be the arithmetic mean (as determined by the Association) of the rates quoted by four (4) major banks selected by the Association in the relevant Financial Center, at approximately 11:00 a.m. in the Financial Center, on the Reference Rate Reset Date for the Interest Period for loans in the relevant Credit Currency to leading banks for six (6) months.

  • Calculation Adjustment The following provisions will apply if specified in the Final Terms and should be considered for all Structured Notes except Credit-, Currency and Commodity-linked Notes.

  • US Constitution as quoted by Spooner, Constitutional Law Relative to Credit, Currency and Banking(1843), in the Collected Works of Lysander Spooner 1834-1886, vol.

  • He first expounded his economic ideas in his works Constitutional Law Relative to Credit, Currency, and Banking (1843) and Poverty: Its Illegal Causes, and Legal Cure (1846).

  • Particularly, he developed his proposal for a new banking and currency system in three works: Constitutional Law Relative to Credit, Currency, and Banking (1843), Poverty: its Illegal Causa and Legal Cure (1846) and A New System of Paper Currency (1861).

  • If, having been converted into the Credit Currency using the Rate compliant to the procedure defined by Article VIII(1) herein, the payment received by the Bank turns out lower than it was to be in the Credit Currency, the Client shall be obliged to pay a difference originated in this way to the Bank.

Related to Credit Currency

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

  • First Currency has the meaning specified in Section 1.15.

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

  • 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).

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

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

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

  • Payment Currency has the meaning given in Clause 21.4;

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

  • Other Currency has the meaning specified in Section 1.15.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • 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).

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which such payment or Loan is denominated or is payable.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • 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;

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

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

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

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

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

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Agreement Currency has the meaning specified in Section 10.19.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is (i) in the determination of the Administrative Agent, no longer readily available or freely traded, or (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders, the Domestic Borrowers and any applicable Foreign Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days of receipt of such notice from the Administrative Agent, the Domestic Borrowers or such applicable Foreign Borrower shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.