Fallback Currency definition

Fallback Currency means any of the following currencies, as selected by the Issuer in its sole and absolute discretion:• United States Dollar;• Chinese Yuan;• United Arab Emirates Dirham;• Euro;• British Pound; or• Swiss Franc(collectively, the "Approved Currencies"),or, if the Issuer determines that none of the Approved Currencies are freely available thereto, whether at all or in the amount sufficient to make the necessary payments, such other currency eligible for clearance through the relevant clearing systems, as selected by the Issuer acting in good faith and in a commercially reasonable manner, provided that for the avoidance of doubt, the relevant Approved Currency shall not be deemed freely available to the Issuer to the extent that it is required to obtain any licences, consents, approvals or permissions (including from the government authorities) for purchasing such Approved Currency or making any payments under the Notes in such Approved Currency.
Fallback Currency means any of the following currencies, as selected by the Issuer in its sole and absolute discretion:

Related to Fallback Currency

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

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

  • Index Currency means USD.

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

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

  • 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").

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