Common use of Available Currency Clause in Contracts

Available Currency. (i) in the case of a US Borrower, Dollars, and (ii) in the case of UK Borrower, Sterling, Euro and Dollars. Availability: the sum of US Availability and UK Availability. Availability Block: $4,000,000, which amount shall be reduced to $0 upon the termination of the FILO Period if no Default or Event of Default exists at such time. Bank of America: Bank of America, N.A., a national banking association, and its successors and assigns. Bank of America Indemnitees: Bank of America and its officers, directors, employees, Affiliates, branches, agents and attorneys. Bank Product: US Bank Product or UK Bank Product, as the context requires. Bank Product Reserve: US Bank Product Reserve or UK Bank Product Reserve, as the context requires. Bankruptcy Code: Title 11 of the United States Code. Board of Governors: the Board of Governors of the Federal Reserve System.