Permitted Currency definition

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;

Permitted Currency means Dollars or any Alternative Currency, or each such currency, as the context requires.

Permitted Currency means a foreign currency which is freely convertible;

Examples of Permitted Currency in a sentence

• The Borrower may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at the Administrative Agent’s Office an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information (“L/C Supporting Documentation”) as the Issuing Bank and the Administrative Agent may request (which information shall include the Permitted Currency in which the Letter of Credit shall be denominated).

• The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Loans in full in the applicable Permitted Currency in which each Revolving Loan was initially funded on the Revolving Maturity Date, (ii) each Competitive Bid Loan on the expiration date of the applicable Competitive Bid Interest Period and (iii) all Swingline Loans in accordance with Section 2.02(b), together, in each case, with all accrued but unpaid interest thereon.

• Discount: A charge deducted from the purchase price of Debts calculated by applying the Discount Margin and Barclays’ base rate for Sterling or the relevant Permitted Currency to the debit balance on the Payment Account(s) from time to time.

• Each Credit Party will not, and will not permit any of its Restricted Subsidiaries to, enter into any Hedging Agreement other than Permitted Currency Hedging Agreements.

More Definitions of Permitted Currency

Permitted Currency means such currencies as may be designated by the Bank from time to time for the Facility or for any particular FX Transaction or Option;

Permitted Currency means the lawful currency of the United States or a European Union member.

Permitted Currency means (a) 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 (b) the legal tender of any country which, as of the date of such change, is a member of the Organisation for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by S&P, Aaa or higher assigned to it by Moody's or AAA or higher assigned to it by Fitch.

Permitted Currency means Japanese Yen, Euro, Hong Kong Dollar, Swiss Franc, and UK Sterling.

Permitted Currency means dollars or, subject to Section 1.05, any Alternative Currency, or each such currency, as the context requires.

Permitted Currency means Dollars and Canadian Dollars or each such currency, as the context requires.

Permitted Currency means (a) Dollars, (b) Japanese Yen, (c) Pounds Sterling, (d) Euros, and (e) any other currency agreed upon by the Borrower, the Administrative Agent and all of the Lenders.