Common use of Optional Currency Clause in Contracts

Optional Currency. Any currency other than Dollars which is freely convertible into Dollars and which is traded on the London interbank market or any other offshore interbank market selected by the Agent in good faith; provided, however, in the event the Borrower requests an Optional Currency other than the Euro, such request for such other Optional Currency shall be subject to the consent of the Banks.

Optional Currency. Any currency other than Dollars selected by the Borrower and including the "Euro" which is (a) freely convertible into Dollars Dollars; and which is (b) traded on the London interbank market or any other offshore interbank market recognized Eurocurrency Interbank Market selected by the Agent in good faith; provided, however, in the event the Borrower requests an Optional Currency other than the Euro, such request for such other Optional Currency shall be subject to the consent of the Banks.

Optional Currency. Any currency other than Dollars which is freely convertible into Dollars and which is traded on the London interbank market or any other offshore interbank market recognized Eurocurrency Interbank Market selected by the Agent in good faith; provided, however, that in the event the Borrower requests an Optional Currency for a Letter of Credit consisting of a currency other than British pounds/Sterling, the Euro, issuance of such request for such other Optional Currency Letter of Credit shall be subject to the consent of the BanksAgent.